Patent ID: 7415442

Claim:
A method for sending cash money transfers at anytime from anyone to a remotely located party, comprising the steps of: providing a sender with available funds, the available funds being selected from one of: a credit card of the sender and a debit card of the sender, wherein the sender is adapted to be solely a human-sender; providing a recipient being remotely located from the sender, wherein the recipient is adapted to be solely a human-recipient, wherein the sender and the recipient are different from one another; communicating an unplanned request for cash funds from the remotely located recipient to the sender; providing a toll free telephone number to a remotely located IVR(interactive voice response) computer system; connecting the sender to the IVR(interactive voice response) computer system by a communication medium using the toll free telephone number, the communication medium being selected from one of a phone and a computer modem, the IVR system receives multiple simultaneous calls from different senders and prompts each sender to enter transfer authorization data, the IVR system processes the data in automated modes with software and converts the data to language of existing banks, processors, processing networks and clearing houses, and the IVR system processes the transfer with transmission lines and electronic mediums, the electronic mediums being different from the communication medium; providing a national bank escrow account for a Cash Card, the Cash Card having a magnetic stripe, wherein the Cash Card is solely used for paying out cash transfers; providing the recipient with the Cash Card and a PIN number solely for paying out cash transfers; authorizing a transfer of cash to the recipient-card by the sender entering responses to automated prompts from the remotely located IVR system, solely through the connection medium; transferring the cash from accessible funds of the sender to the recipient-card by the sender solely using the connection medium and the IVR system; providing a remotely located automated terminal, the terminal being selected from one of an existing ATM(automatic teller machine) and an existing POS(point of sale terminal); physically presenting the recipient-card by the recipient to the remotely located automated terminal; and physically retrieving the cash by the recipient using the PIN number along with the recipient-card having the magnetic stripe at the remotely located automated terminal; and repeating the above steps between the different senders and different recipients causing simultaneous cash money transfers from the different senders and the different recipients.