Regulated wire transfer compliance systems and methods

Details Regulated wire transfer compliance systems and methods Regulated wire transfer compliance systems and methods

2007-05-08

2007-05-08

Paik, Steven S. (Department: 2876)

Registers

Systems controlled by data bearing records

Banking systems

C235S380000, C705S017000

Reexamination Certificate

active

10940417

ABSTRACT:
A method of facilitating a money transfer to a region for which compliance with a requirement requires execution of a document. The method includes receiving transaction information at a host computer system from a transaction processing device at a transaction origination location. The transaction information relates to a money transfer to the region. The method also includes storing at least a portion of the transaction information as a money transfer record. The record includes a field whose value indicates the status of compliance with the requirement. The method also includes receiving an image of at least a portion of the document, evaluating the document to determine whether the document evidences compliance with the requirement, setting the value of the field to indicate compliance with the requirement, and completing the money transfer, upon request or a recipient, if the value of the field indicates compliance with the requirement.

REFERENCES:
patent: 5677955 (1997-10-01), Doggett et al.
patent: 6105007 (2000-08-01), Norris
patent: 6547132 (2003-04-01), Templeton et al.
patent: 6704039 (2004-03-01), Pena
patent: 2004/0039702 (2004-02-01), Blair et al.

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