Patent ID: 7996309

Claim:
A method for a banking customer of a first bank in a first country to invoke a banking service of sending a first amount of cash to a recipient in a second country, the first amount of cash being in the currency of the second country, the banking customer having a bank account in the first bank, the method comprising: receiving, at a first bank computer associated with the first bank, information for designating a recipient of the first amount of cash and for specifying the first amount of cash to be provided to the recipient; updating a bank database of the first bank computer to debit the banking customer's bank account for a second amount of cash; transmitting to a second bank located in the second country, a first data message with information sufficient for the second bank to provide the first amount of cash to the recipient via a payment agent in the second country; and transferring an amount of funds equivalent in value to the first amount of cash to a commingled account belonging to the second bank.