Patent ID: 8073770

Claim:
A method, comprising: receiving, by a first automated teller machine (ATM), a request to initiate a person-to-person funds transfer; receiving, by the first ATM, a phone number associated with a recipient of the funds transfer; receiving, by the first ATM, a transfer funds amount to be transferred to the recipient; displaying, by the first ATM, a total funds amount corresponding to the transfer funds amount, wherein the total funds amount is the transfer funds amount combined with a predetermined fee; receiving, by the first ATM, funds totaling the total funds amount; generating, by the first ATM, a recipient code, the recipient code being configured to be entered into a second ATM by the recipient of the funds transfer prior to retrieving the transfer funds amount from the second ATM; updating, by the first ATM, a database to reflect the transfer funds amount, the phone number associated with the recipient, and the recipient code; and causing, by the first ATM, a text message to be sent to the phone number, wherein the text message includes the recipient code.