Patent ID: 8538871

Claim:
A money transfer method comprising: receiving an electronic payment request from, or on behalf of, a seller operating a seller computer in communication with a buyer operating a mobile device, wherein the seller and the buyer have a proposed transaction for a transaction amount, and wherein the electronic payment request comprises at least the transaction amount; assigning, by a computer processor, a unique transaction number to the electronic payment request without receiving card account information or financial account information associated with the buyer; determining a grand total amount based at least on the transaction amount; communicating information to, or on behalf of a third party to, the seller operating the seller computer for outputting at least the grand total amount and the unique transaction number to the buyer operating the mobile device; receiving a payment notification associated with the unique transaction number, wherein the payment notification indicates payment in the amount of the grand total amount has been submitted at a payment location by or on behalf of the buyer; communicating a message to, or on behalf of the third party to, the seller operating the seller computer that payment in the amount of the grand total amount has been received at payment location from or on behalf of the buyer; and completing the electronic payment request by making a payment to, or on behalf of the third party to, the seller after receipt of the payment notification, wherein the above elements are performed by a computing system.