Abstract: Money transfer method and system for quickly and easily sending cash from one party via electronic mediums such as phones and computer modems using one of a credit card, debit card, ATM (automated teller machine) card, and/or a bank card and/or bank checking account and/or bank savings account, to another party who accesses an electronic retrieval site using a specialized card, credit card, debit card, ATM card account, or debit card account. Simultaneous money transfers from human sender's available and accessible funds debit card accounts to human recipient's receiving debit card accounts are processed by computer without the necessity of a pre-established relationship between the sending and receiving accounts, and the method and system repeats simultaneous money transfers between other senders and receivers.
Type:
Grant
Filed:
September 14, 2012
Date of Patent:
December 31, 2013
Assignee:
Intergrated Technological Systems, Inc.
Inventors:
Stephen D. Battaglini, Michael D. Battaglini, Gil Starkey