Patent ID: 8494962

Claim:
A computer-implemented method for processing a remittance transaction comprising the steps of: receiving, by a mobile platform computer from a funding agency computer, a portion of the registration data comprising a mobile personal identifier and a mobile handset identifier of a mobile handset; storing, by the mobile platform computer, the mobile personal identifier and the mobile handset identifier received from the funding agency computer; transmitting, by the mobile platform computer, a random authentication code to the mobile handset; transmitting, by the mobile platform computer, the random authentication code to the funding agency computer, wherein the funding agency verifies the mobile handset based on the random authentication code; responsive to verifying the mobile handset and responsive to receiving a request to initiate a remittance transaction at the funding agency computer, receiving, by the mobile platform computer, a verification request associated with the remittance transaction, the verification request received from the funding agency computer that is configured to receive the request to initiate the remittance transaction and transmit the verification request responsive to receiving the request to initiate the remittance transaction, the verification request comprising the mobile handset identifier; responsive to receiving the verification request from the funding agency computer, transmitting, by the mobile platform computer, a request for a mobile personal identifier to the mobile handset associated with the mobile handset identifier; receiving, by the mobile platform computer, the mobile personal identifier from the mobile handset and determining that the mobile personal identifier received from the mobile handset matches the mobile personal identifier that is stored in the mobile platform computer; and transmitting, by the mobile platform computer to the funding agency computer, a verification based on a determination that the mobile personal identifier received from the mobile handset matches the mobile personal identifier that is stored in the mobile platform computer.