Location-based money transfer

Abstract

The invention provides various systems and methods for performing money transfers using location information. The method includes staging, at computer system, a money transfer transaction from a sender to a receiver. The method further includes providing the receiver's mobile number to the computer system, and tracking the receivers location using a location tracking computer system. Further, the method includes determining if the receiver is within a proximity threshold to an agent location. The agent location is configured to distribute foods from the money transfer. The method then, in response to the receiver being within the proximity threshold to the agent location, notifies the receiver of the agent location's address, and dispenses the funds from the agent location.

1 - 21 . (canceled) 
     
     
         22 . A method for transferring funds comprising:
 receiving at a money transfer system that transmits and receives data over a network a money transfer request for sending money from a proposed sender to a receiver that includes a proposed sender's contact information and a money transfer amount;   tracking the location of the proposed sender's mobile device location;   sending from the money transfer system a notification of the money transfer request to the proposed sender's mobile device, wherein the notification of the money transfer request comprises at least the money transfer amount;   in the event that the proposed sender's location is proximate to a certain location, sending a notification to the proposed sender's mobile device regarding the certain location where the sender can initiate the money transfer; and   receiving from the money transfer system an authorization notification from the proposed sender to proceed with the money transfer.   
     
     
         23 . The method for transferring funds according to  claim 22 , wherein the location of the proposed sender's location is determined based on at least one of the proposed sender's contact information or the GPS location of the proposed sender's mobile device. 
     
     
         24 . The method for transferring funds according to  claim 22 , wherein the money transfer system includes a money transfer processor that receives and processes the money transfer request. 
     
     
         25 . The method for transferring funds according to  claim 22 , wherein the money transfer system includes a location tracking service provider that tracks the proposed sender's location using the sender's contact information, and wherein the location tracking service provider is communicatively coupled with the money transfer system. 
     
     
         26 . The method for transferring funds according to  claim 25 , wherein the proposed sender's location is tracked using a mobile or cellular device. 
     
     
         27 . The method for transferring funds according to  claim 25 , wherein the location tracking service provider sends location information to the money transfer system. 
     
     
         28 . The method for transferring funds according to  claim 22 , wherein the proposed sender's location is an estimated location based at least in part on a data element selected from the list consisting of: the proposed sender's heading, the proposed sender's speed, traffic conditions, road closures, construction, weather conditions, time of the day, day of the week, and historical information about the proposed sender. 
     
     
         29 . The method for transferring funds according to  claim 22 , wherein the certain location specifies a location where the receiver can retrieve funds. 
     
     
         30 . The method for transferring funds according to  claim 22 , further comprising sending a notification to the receiver indicating that the money transfer request has been authorized by the proposed sender. 
     
     
         31 . The method for transferring funds according to  claim 22 , wherein sending a notification of the money transfer request to the proposed sender occurs in the event that the proposed sender's location is proximate to a certain location. 
     
     
         32 . The method for transferring funds according to  claim 22 , wherein sending a notification of the money transfer request to the proposed sender occurs using a communication scheme selected from the list consisting of short message service (SMS) texts, text messages, email, voicemail, instant messaging, and a telephone call. 
     
     
         33 . A funds transfer system, comprising:
 a location tracking service provider being configured to track a proposed sender's location;   a money transfer processor that transmits and receives data over a network, the money transfer processor being communicatively coupled with the location tracking service, and wherein the money transfer processor is configured to:
 receive a money transfer request from a receiver for sending money from the proposed sender to the receiver that includes information sufficient to contact the sender and a money transfer amount; 
 communicate information sufficient to contact the proposed sender to the location tracking service provider; 
 send a notification of the money transfer request to the proposed sender's mobile device, wherein the notification of the money transfer request comprises at least the money transfer amount; and 
 in the event that the location tracking service provider determines that the proposed sender's location is proximate to a certain location, send a notification to the proposed sender's mobile device regarding the certain location where the sender can initiate the money transfer; and 
 receive an authorization notification from the proposed sender to proceed with the money transfer. 
   
     
     
         34 . The funds transfer system according to  claim 33 , wherein the proposed sender's location is tracked by the location tracking service provider using a mobile or cellular device. 
     
     
         35 . The funds transfer system according to  claim 33 , wherein the proposed sender's location is an estimated location based at least in part on a data element selected from the list consisting of: the proposed sender's heading, the proposed sender's speed, traffic conditions, road closures, construction, weather conditions, time of the day, day of the week, and historical information about the proposed sender. 
     
     
         36 . The funds transfer system according to  claim 33 , wherein the certain location specifies a location where the receiver can retrieve funds. 
     
     
         37 . The funds transfer system according to  claim 33 , wherein the money transfer processor further comprises sending a notification to the receiver indicating that the money transfer request has been authorized by the proposed sender. 
     
     
         38 . The funds transfer system according to  claim 33 , wherein sending a notification of the money transfer request to the proposed sender occurs in the event that the proposed sender's location is proximate to a certain location. 
     
     
         39 . The funds transfer system according to  claim 33 , wherein sending a notification of the money transfer request to the proposed sender occurs using a communication scheme selected from the list consisting of short message service (SMS) texts, text messages, email, voicemail, instant messaging, and a telephone call. 
     
     
         40 . The funds transfer system according to  claim 33 , wherein the money transfer request is received from the receiver's mobile device; 
     
     
         41 . A money transfer processor comprising:
 a computer system that transmits and receives data over a network, wherein the money transfer processor is configured to:
 receive a money transfer request from a receiver for sending money from a proposed sender to the receiver that includes information sufficient to contact the proposed sender and a money transfer amount; 
 determine the location of the proposed sender's mobile device using information sufficient to contact the proposed sender; 
 send a notification of the money transfer request to the proposed sender's mobile device, wherein the notification of the money transfer request comprises at least the money transfer amount; and 
 in the event that the location tracking service provider determines that the proposed sender's location is proximate to a certain location, send a notification to the proposed sender regarding the certain location where the sender can initiate the money transfer; and 
 receive an authorization notification from the proposed sender to proceed with the money transfer. 
   
     
     
         42 . The money transfer processor according to  claim 41 , wherein determining the location of the proposed sender comprises sending sender information to a location tracking service provider; and receiving the location of the proposed sender from the location tracking service provider. 
     
     
         43 . The money transfer processor according to  claim 41 , wherein the money transfer processor further comprises sending a notification to the receiver indicating that the money transfer request has been authorized by the proposed sender