Money transfer systems and methods for travelers
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United States of America Patent
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Feb 17, 2015
Issued Date -
N/A
app pub date -
May 18, 2009
filing date -
Oct 26, 1999
priority date (Note) -
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status (Latency Note)
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Abstract
One method involves payment of money to a recipient traveling to one or more foreign countries by entering into a remote computer money transfer information from a sender. The money transfer information comprises recipient identification information, at least one country where the money is to be received, and a payment amount in an originating currency. The money transfer information is transmitted to a host computer system. When ready to receive payment in the designated country, recipient identification information along with a request to withdraw a portion of a possible payment amount is entered into a payout computer. The recipient identification information and the request to withdraw is transmitted to a host computer system, and the requested withdrawal is provided to the recipient in the local currency.
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