Electronic money transfer

Details Electronic money transfer Electronic money transfer

G - Physics

06

Q

G06Q 20/10 (2012.01)

Patent

CA 2612509

There is described a method of transferring money to beneficiaries in a remote location, the method comprising: creating user accounts by registering remitters and at least one corresponding beneficiary, each of the user accounts having at least one debit card associated thereto and provided to the at least one corresponding beneficiary; receiving multiple monetary transaction requests from the remitters, the transaction requests being made via an electronic system accessible by the user accounts; regrouping the multiple monetary transaction requests; effecting a single electronic transaction for a monetary amount corresponding to the multiple monetary transaction requests, the single electronic transaction comprising information related to a repartition of the monetary amount among the beneficiaries; depositing the monetary amount in a common remote account; collecting money for the multiple monetary transaction requests from the remitters; and allowing the beneficiaries access to the common remote account via the debit card in accordance with the repartition.

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