Inventors:
Aamer Ali Baig - Hinsdale IL, US
James E. Cowell - Littleton CO, US
Peter M. Karas - Lakewood CO, US
Cheryl L. Neofytides - Putnam Valley NY, US
Matthew F. Golub - Atlanta GA, US
James R. Yoder - Chicago IL, US
Susan M. Milberger - Englewood CO, US
Jeff D. Sherrard - Lakewood CO, US
Amy M. Dunker - Dallas TX, US
Jackie M. Macfarlane - Parker CO, US
Eric L. Platte - Castle Rock CO, US
Susan F. Abrahams - Atlanta GA, US
Assignee:
The Western Union Company - Englewood CO
International Classification:
G06Q 30/00
Abstract:
According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user () in a stored value account on a server computer system (). At the server computer system (), a request from the first user () to send money to a second user () based on the stored value account is received. An electronic notification is sent from the server computer () to the second user () to notify the second user () of the request. A debit in the stored value account of the first user () is created. The requested money is sent to the second user () upon a receipt of a request at the server computer () from the second user ().