Method and Apparatus for Money Transfer to an Account
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United States of America Patent
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Issued Date -
Dec 3, 2015
app pub date -
Jun 3, 2014
filing date -
Jun 3, 2014
priority date (Note) -
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Abstract
A method includes receiving, by a processor, a request to initiate a money transfer transaction between a sending party and a receiving party. The request may include information identifying an account associated with the receiving party. The method includes initiating, by the processor, validation of the account associated with the receiving party. The method includes initiating, by the processor, the money transfer transaction between the sending party and the receiving party in response to a determination that the account associated with the receiving party is valid. Initiation of the money transfer transaction causes funds to be deposited into the account associated with the receiving party.
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