Patent ID: 8015085

Claim:
A method of distributing funds from an absent parent of a child to a custodial parent of the child, said method comprising: maintaining a bank account at a banking institution into which funds from the absent parent are deposited; upon the deposit of funds in the bank account, immediately receiving the funds at a computer system of a licensed money transmitter, wherein the licensed money transmitter is not a bank; maintaining at the computer system a transaction account of the licensed money transmitter for access by the custodial parent, wherein the transaction account is not an FDIC insured account; allocating with the computer system at least a portion of the received funds to the transaction account for access by the custodial parent; distributing a child support payment card with the computer system to said custodial parent of said child, the card associated with the transaction account; configuring said child support card with the computer system so as to allow said custodial parent to access the allocated funds in the transaction account; providing access to the absent parent at the computer system of remaining funds transferred to the computer system and not allocated to the transaction account for the custodial parent; and accruing interest on said allocated funds with the computer system and for the benefit of the licensed owner transmitter, during the time period between when said funds are received from said absent parent and the time when said funds are accessed by said custodial parent, without an obligation of crediting the interest to either said absent parent or said custodial parent.