Patent ID: 8571975

Claim:
A method of transferring money from a sender to a receiver utilizing a computer network including a server, the method comprising the steps of: (a) the server receiving a sender identifier and a deposit account identifier from the receiver, the sender identifier associated with a sender from whom money is to be transferred to the receiver and the deposit account identifier associated with a deposit account to which money is to be transferred; (b) the server sending an electronic message to the sender over the network to inform the sender that the sender should transfer money to the receiver and to request the sender to contact the server to transfer money, the sender not being in contact with the server at the time of the server sending the electronic message to the sender; (c) the server receiving a response to the electronic message and identifying a withdraw account from which money is to be transferred; (d) transferring money from the withdraw account; and (e) transferring money to the deposit account.