SYSTEMS AND METHODS FOR PRE-AUTHORIZED MONEY TRANSFER TRANSACTIONS

摘要

Methods and systems which allow one or more money transfer transactions to be implemented in a manner which provides additional certainty to a receiving party are provided. In one embodiment, a money transfer service authorizes a sender to transfer up to a certain amount of money. With this authorization, a money transfer transaction regiment is established, while the money transfer service maintains an accounting of the balance to insure that the balance remains below the pre-determined authorized amount. In another embodiment, a money transfer services utilizes reliability criteria to authorize a sender to transfer money with the money and service charge being collected after the transfer is completed.

主权项

1. A method of implementing money transfer transactions, said method comprising:
compiling, under control of a processing device, information regarding a sender; determining, under control of the processing device, a total amount of money that is pre-authorized for transfer to a receiver prior to the sender providing payment for a requested money transfer, said determining based at least in part on said compiled information, wherein the compiled information used in said determining comprises information regarding a bank account of the sender; providing funds, not exceeding the pre-authorized amount, to a receiver; subsequent to said providing, collecting payment, from the sender, for at least some of the funds sent to the receiver; maintaining an accounting of provided funds and payment collected; and providing additional funds to the receiver as long as a balance of the provided funds and the payment collected remains below the pre-authorized total amount of money.