Patent ID: 8788278

Claim:
A money transfer system capable of providing discounted fee money transfer transactions, including: point of entry ports to communicate transaction information with points of entry; a promotion database including information representative of promotions, including promotions pricing, and promotion commission share burdens of the point of entry operator, and wherein the information representative of promotions includes information representative of promotions available only to loyalty program members; a customer database including information representative of customers' transaction histories and customers' loyalty identifiers for customers that are members of a loyalty program; a pricing database including base transaction pricing; a commission database including information representative of base commissions paid to operators of the points of entry; an analytics port to communicate marketing information with a marketing analytics system; and a transaction processing system connected to the point of entry ports, promotion database, customer database, pricing database and analytics port, wherein the transaction processing system is configured to: update the promotion database as a function of the marketing information; receive money transfer transaction requests, wherein at least some of the requests include loyalty identifiers identifying the customers as loyalty program members; determine whether any received loyalty identifiers are valid; determine based on information in the promotion database whether requested transactions are entitled to promotions, including whether the requested transaction is entitled to any loyalty program promotions; determine transaction pricing information as a function of the base transaction pricing in the pricing database and the promotions pricing in the promotion database that are associated with transactions determined to be entitled to promotions; provide the transaction pricing information to the point of entry ports associated with the transactions to enable the transaction pricing information to be communicated to the associated points of entry; compute and store data representative of the point of entry operator's commission as a function of the base commission and the promotion commission share burden; generate and store commission reports representative of computed point of entry operator commissions; processing the transaction, including determining whether the transaction was completed; update the customer database as a function of transaction information, including whether the transaction was entitled to a loyalty program promotion; and provide transaction information to the analytics port.