PROVIDING MONEY TRANSFER USING A MONEY TRANSFER PLATFORM

摘要

The present disclosure describes methods, systems, and computer program products for providing funds transfer over an existing retail payment system using a money transfer platform. One method includes receiving a funds transfer request associated with a funds pack for transferring funds from a first location to a receiver in a second location, requesting validation of a unique identifier associated with the funds pack from a first-location payment network provider, receiving a validation success notification responsive to the requested validation of a unique identifier from the first payment network provider, generating a termination identifier identifying the funds transfer transaction request, transmitting the termination identifier to the receiver, providing instructions causing funds to be paid to the receiver upon presentation of the termination identifier, and receiving a request for funds from a second-location payment network provider, the request for funds associated with payment of funds based on presentation of the termination identifier.

主权项

1. A method of electronic funds transfer, comprising:
receiving a funds transfer transaction request for transferring funds from a first location to a receiver in a second location, the funds transfer transaction request associated with a funds pack credited with an amount of funds; requesting, by operation of a computer, validation of a unique identifier associated with the funds pack from a first payment network provider associated with the first location; receiving, by operation of a computer, a validation success notification responsive to the requested validation of a unique identifier from the first payment network provider; generating, by operation of a computer, a termination identifier identifying the funds transfer transaction request; transmitting the termination identifier to the receiver; providing instructions, by operation of a computer, causing funds to be paid to the receiver upon presentation of the termination identifier; and receiving a request for funds from a second payment network provider associated with the second location, the request for funds associated with payment of funds based on presentation of the termination identifier.