Method and apparatus for staging send transactions

Abstract

A method for performing transactions comprises receiving registration information and transaction specifications, generating a distribution profile based on the registration information, and storing the transaction specifications in the distribution profile. The distribution profile is identified based on an initiation instruction and associated user authentication data, and one of the transaction specifications in the distribution profile is identified based on the initiation instruction. Payment source status is verified and a send transaction is initiated, based on the payment source status.

1 . A method comprising:
 receiving registration information including customer qualification information and payment source identification;   verification of at least a portion of the qualification information and payment source identification and upon verification building a distribution profile;   storing in the distribution profile transaction specifications for staging one or more transactions;   receiving an initiation instruction and responsive thereto identifying the distribution profile and at least one of the transaction specifications to be executed; and   responsive to the initiation instruction, verifying the payment source identified in the distribution profile and initiating a transaction according to the at least one transaction specification.   
     
     
         2 . (canceled) 
     
     
         3 . The method of  claim 1 , further comprising providing a transaction identifier to identify the transaction. 
     
     
         4 . The method of claim h wherein the payment source identification is selected from prepaid card identification, debit card identification, credit card identification, and bank account identification. 
     
     
         5 . The method of  claim 1  wherein the initiation instruction comprises customer authentication information for multifactor authentication, the customer authentication information comprising two or more of a password, PIN, biometric identifier and sending device identifier. 
     
     
         6 . (canceled) 
     
     
         7 . The method of  claim 1  wherein verifying the payment source comprises receiving status information selected from closed account lists, account balance data and available funds data. 
     
     
         8 . The method of  claim 1  wherein the transaction specifications comprises a record for each of multiple transactions and the initiation instruction comprises selection information identifying one or more of the multiple transactions to be initiated. 
     
     
         9 . The method of  claim 1  wherein the transaction specifications comprises a record for a scheduled payment including payment schedule, and the initiation instruction comprises instructions generated in response to the payment schedule that identify the scheduled payment. 
     
     
         10 . The method of claim h wherein the payment source identification identifies a prepaid card and further comprising transfer of funds to the prepaid card from a funding source selected from cash, tax refunds, trust account funds, government program payments and government-facilitated payments. 
     
     
         11 . (canceled) 
     
     
         12 . (canceled) 
     
     
         13 . The method of claim h wherein the qualification information varies according to an amount of the transaction and applicable compliance rules. 
     
     
         14 . The method of claim h further comprising providing an interactive distribution planner tool, wherein the distribution planner tool presents at least one transaction option from the distribution profile. 
     
     
         15 . (canceled) 
     
     
         16 . (canceled) 
     
     
         17 . The method of  claim 14  wherein the distribution planner tool performs calculations to aid in allocating funds to two or more transactions. 
     
     
         18 . A method comprising:
 receiving an initiation instruction and responsive thereto identifying a distribution profile for at least one transaction specification to be executed, said distribution profile including customer qualification information and payment source identification;   verification of at least a portion of the qualification information and payment source identification;   storing in the distribution profile transaction specifications for staging one or more transactions; and   responsive to the initiation instruction, verifying the payment source identified in the distribution profile and initiating a transaction according to the at least one transaction specification.   
     
     
         19 . (canceled) 
     
     
         20 . The method of  claim 18  further comprising providing a transaction identifier to identify the transaction. 
     
     
         21 . The method of  claim 18 , wherein the payment source identification is selected from prepaid card identification, debit card identification, credit card identification, and bank account identification. 
     
     
         22 . The method of  claim 18  wherein the initiation instruction comprises customer authentication information for multifactor authentication, the customer authentication information comprising two or more of a password, PIN, biometric identifier and sending device identifier. 
     
     
         23 . (canceled) 
     
     
         24 . A system comprising:
 a mobile device configured for:
 receiving registration information from a customer, including customer qualification information and payment source identification for verification of at least a portion thereof and upon verification building a distribution profile; 
   storing in the distribution profile transaction specifications for staging one or more transactions;   receiving an initiation instruction and responsive thereto identifying the distribution profile and at least one of the transaction specifications to be executed; and   responsive to the initiation instruction, verifying the payment source identified in the distribution profile and initiating a transaction according to the at least one transaction specification.   
     
     
         25 . (canceled) 
     
     
         26 . (canceled) 
     
     
         27 . The system of  claim 24  wherein the payment source identification is selected from prepaid card identification, debit card identification, credit card identification, and bank account identification. 
     
     
         28 . The system of  claim 24  wherein the initiation instruction comprises authentication information for multifactor authentication, the authentication information comprising a device identifier of the mobile device. 
     
     
         29 . (canceled) 
     
     
         30 . A non-transitory computer readable medium encoded with computer program instructions executable by a data processing system for:
 receiving registration information from a customer, including customer identification and qualification information and payment source identification;   performing verification of at least a portion of the identification and qualification information and the payment source identification and upon sufficient verification building a distribution profile;   receiving from the customer and storing in the distribution profile send transaction specifications for staging each of one or more proposed send transactions;   receiving a send initiation instruction with associated customer authentication data and responsive thereto identifying a distribution profile and at least one of the send transaction specifications to be executed; and   responsive to the send initiation instruction, verifying the authentication data and the current status of the payment source identified in the distribution profile and upon sufficient verification, initiating a send transaction according to the at least one send transaction specification.   
     
     
         31 . (canceled) 
     
     
         32 . The computer readable medium of  claim 30  further comprising the instructions being executable by the data processing system for providing the customer a transaction identifier to identify the send transaction. 
     
     
         33 . The computer readable medium of  claim 30  wherein the registration information comprises a payment source identification selected from prepaid card identification, debit card identification, credit card identification, and bank account identification. 
     
     
         34 . The computer readable medium of  claim 30  wherein the initiation instruction comprises authentication information for multifactor authentication, the authentication information comprising two or more of: a password, PIN, biometric identifier and sending device identifier. 
     
     
         35 . (canceled)