Patent ID: 8660923

Claim:
A method of performing a money transfer for a sender enrolled in a value-advance money transfer program, the method comprising: determining, via one or more processors, that a sender is eligible to participate in the value-advance money transfer program based on the evaluation of one or more money transfer conditions, wherein the value-advance money transfer program is for sending money to a receiver prior to sender providing payment to a money transfer provider; registering, via the one or more processors, the sender in the value-advance money transfer program when the sender is determined to be eligible; receiving, via the one or more processors, a money transfer identifier so as to initiate a transfer of a first amount of funds from the sender to the receiver; determining, via the one or more processors, that an account identified by the sender to be used as a source account from which to fund the money transfer is insufficiently funded to cover the first amount of funds for the money transfer; transferring, via the one or more processors, a second amount of funds from the money transfer provider to the source account to cover at least a portion of the money transfer when: the source account is determined to be insufficiently funded; the sender is registered in the value-advance money transfer program; and a money transfer history between the sender and the receiver indicates that the sender and receiver have engaged in regular and repeated money transfers of at least a predetermined frequency; and executing, via the one or more processors, the money transfer by: transferring the first amount of funds from the money transfer provider to the control of the receiver; and transferring the first amount of funds from the source account to the money transfer provider.