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1. (US20190347651) COMPUTER-IMPLEMENTED SYSTEM AND METHOD FOR TRANSFERRING MONEY FROM A SENDER TO A RECIPIENT

Office : United States of America
Application Number: 15978104 Application Date: 12.05.2018
Publication Number: 20190347651 Publication Date: 14.11.2019
Publication Kind : A1
IPC:
G06Q 20/36
H04L 9/06
G06Q 20/40
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20
Payment architectures, schemes or protocols
30
characterised by the use of specific devices
36
using electronic wallets or electronic money safes
H ELECTRICITY
04
ELECTRIC COMMUNICATION TECHNIQUE
L
TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
9
Arrangements for secret or secure communication
06
the encryption apparatus using shift registers or memories for blockwise coding, e.g. D.E.S. systems
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
Q
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
20
Payment architectures, schemes or protocols
38
Payment protocols; Details thereof
40
Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check of credit lines or negative lists
CPC:
G06Q 20/4012
G06Q 20/3674
H04L 9/0637
G06Q 20/3678
Applicants: Mauricio Octavio Moreno
Inventors: Mauricio Octavio Moreno
Priority Data:
Title: (EN) COMPUTER-IMPLEMENTED SYSTEM AND METHOD FOR TRANSFERRING MONEY FROM A SENDER TO A RECIPIENT
Abstract: front page image
(EN)

A system for transferring money includes an electronic communication device running an application for performing a number of tasks including enabling a sender to add a desired amount in a desired currency, provide necessary sender and receiver information including a contact information and unique ID of the receiver and create, encrypt and transfer a transaction information in form of blocks of a blockchain to a distributed blockchain network, having multiple computing nodes to store a portion of the blockchain. An electronic computing device associated with an authorized financial service provider, forming a computing node of the distributed blockchain network, allows to retrieve and decrypt the blocks containing the transaction information and verifies the unique ID and a unique PIN, which is generated by the application and sent to the receiver via the contact information given by the sender, submitted by the receiver for completing an instant cash transaction.