CPC G06Q 20/10 (2013.01) [G06Q 20/28 (2013.01)] | 20 Claims |
1. A method for transferring funds from a sender to a pre-paid instrument account to be assigned to a recipient, the method comprising:
receiving, from a first agent system, a first request to perform a funds transfer from the sender to the recipient, wherein the first request comprises an amount, an identification of the recipient, and an indication that a destination of the funds transfer is the pre-paid instrument account of the recipient;
determining whether to approve the first request;
selecting, based upon determining that the first request is approved, a first identifier;
recording, based on receipt of the indication that the destination of the funds transfer is the pre-paid instrument account, an association of the first identifier with a flag identifying the funds transfer as a funds to pre-paid instrument account transfer; and
sending, to a second agent system, based upon a determination that the association of the first identifier with the flag identifying the funds transfer as a funds to pre-paid instrument account transfer, an indication that the amount is available for funding of the pre-paid instrument account of the recipient.
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