SYSTEM AND METHOD FOR RAPIDLY AND SECURELY TRANSFERRING FUNDS ELECTRONICALLY BETWEEN TWO POINTS

摘要

A system and method for rapidly and securely transferring funds electronically between two points comprises a server (100) coupled to a network. The server contains software that receives an initiation funds transfer request from a first terminal (1) via a network; generates a transaction number; stores the transaction number and data associated with the initiation funds transfer request in a memory (102) location of the server; sends the transaction number to the first terminal via the network; confirms that the completion funds transfer request is valid; updates the memory location to indicate that the transfer is complete; and sends a confirmation notice, which includes an amount of funds to dispense, to the second terminal (2) via the network.