System and method for transferring money from one country to...

Registers – Systems controlled by data bearing records – Banking systems

Reexamination Certificate

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C235S380000

Reexamination Certificate

active

07578434

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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New commercial services from Western Union allow businesses to directly transfer money internationally; User companies can now send or receive money at their own offices through on-line connection to world's largest international money transfer network. Business Wire. Oct. 16, 1995, p. 1.
iKobo, Inc., “Send Money Using The iKobo Visa® Prepaid Card,” https://www.ikobo.com, 3 pages, 2001-2009.

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