Invention Grant
- Patent Title: Recurring money transfer
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Application No.: US14188100Application Date: 2014-02-24
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Publication No.: US10535098B2Publication Date: 2020-01-14
- Inventor: Kurt Bulawa , Michele Demark , Michael Michelsen , Dave Owen
- Applicant: The Western Union Company
- Applicant Address: US CO Denver
- Assignee: The Western Union Company
- Current Assignee: The Western Union Company
- Current Assignee Address: US CO Denver
- Agency: Kilpatrick Townsend & Stockton, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q20/10 ; G06Q40/02

Abstract:
A system and method of performing a value-advance money transfer comprising: receiving a money transfer request; determining whether an account associated with a sender of funds includes a sufficient amount of funds to cover a money transfer request; providing an amount of funds from a money transfer provider to the account associated with the sender to cover the money transfer request; making the amount of funds available to the sender for use in the money transfer; and executing a money transfer from the account to the control of the receiver.
Public/Granted literature
- US20140316977A1 RECURRING MONEY TRANSFER Public/Granted day:2014-10-23
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