Automated remittance network

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

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Details

C705S039000, C705S043000, C713S187000

Reexamination Certificate

active

07636679

ABSTRACT:
A computerized network empowers senders to transfer funds and recipients to receive funds at any time anywhere over the world through user-accessible terminals such as ATM terminals, check-cashing kiosks, supermarket checkout stands, etc. There is no need for either the sender or the recipient to open an account with any financial institution; provided they each use an official identification document to complete the transaction. Furthermore, the disclosed network collects and verifies senders' and recipients' identification information in accordance with the anti-money laundering, anti-terrorist financing, and anti-fraud regulatory requirements, such as the Bank Secrecy Act and the USA PATRIOT Act in the United States and any equivalent laws in other countries.

REFERENCES:
patent: 7356505 (2008-04-01), March
patent: 2002/0016763 (2002-02-01), March
patent: 2003/0046224 (2003-03-01), Mutjaba
patent: 2003/0070070 (2003-04-01), Yeager et al.
patent: 2003/0070080 (2003-04-01), Rosen
patent: 2003/0080185 (2003-05-01), Werther
patent: 2003/0140004 (2003-07-01), O'Leary et al.
patent: 2004/0139000 (2004-07-01), Amos
David Galland, Connecting ATMs to the web, Nov. 2000, Credit Card Management, v 13, n8, p. 16-20.

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