System for distributing funds
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United States of America Patent
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-
Sep 6, 2011
Grant Date -
Aug 11, 2005
app pub date -
Nov 11, 2004
filing date -
Nov 14, 2003
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system is described allowing the transfer of funds, for example, from an employer to a third-party intermediary which can distribute the funds via a payroll card to an employee. The system allows a portion of the population such as that which does not use traditional bank accounts to receive funds via a payroll card at a variety of locations without the necessity of visiting the bank location of the employer to cash a check. Other embodiments of the invention allow funds to be distributed from a first party to a second party via an intermediary party.
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