Integrating Recorded Messages with Fund Transfers
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Solution Overview
Problem
Current money transfer systems lack the ability to seamlessly integrate recorded messages with fund transfers, limiting the personalization and notification capabilities for senders and recipients.
Innovation Solution
A computerized method and system that allows senders to associate recorded messages with fund transfers, using a unique identifier (MTCN), enabling recipients to retrieve messages through various channels like phone, internet, or mobile devices, and providing notification options for parties involved in the transaction.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If recorded messages are integrated with fund transfers, then personalization and notification capabilities are enhanced, but system complexity increases
Solution Approach 1:
The patent combines the money transfer system with a messaging system into a single integrated platform. The host computer system processes both fund transfers and recorded message transmissions through unified communication protocols, allowing senders to attach audio, video, or text messages to monetary transactions. This merging enables enhanced personalization without requiring separate independent systems.
Solution Approach 2:
The host computer system is designed to perform multiple functions: processing fund transfers, storing message data, transmitting notifications, and managing recipient communications. The system can handle various message types (audio, video, text) and multiple notification channels (email, SMS, in-app), making it a universal platform that addresses diverse communication needs within a single system architecture.
2Ease of operation
If multiple communication channels are provided for message retrieval, then recipient accessibility is improved, but system complexity increases
Solution Approach 1:
The system provides universal access to recorded messages through multiple communication channels including email, SMS text messages, and in-app notifications. The host computer system manages all these channels through a unified interface, allowing recipients to retrieve messages via their preferred method without requiring the sender to manage multiple separate systems.
Solution Approach 2:
The host computer system acts as an intermediary that receives messages from senders and redistributes them through appropriate communication channels based on recipient preferences and availability. The system automatically routes message notifications to the most accessible channel for each recipient, simplifying the complexity of multi-channel communication management.
3Productivity
If recorded messages are associated with fund transfers, then notification efficiency is enhanced, but information security requirements increase
Solution Approach 1:
The system merges fund transfer notifications with recorded message transmissions, so that when a recipient receives notification of money availability, they simultaneously receive or can access the attached message. This combination improves notification efficiency by delivering both financial and personal information through a single integrated process rather than separate communication streams.
Solution Approach 2:
The system implements feedback mechanisms where senders can confirm message delivery status and recipients can acknowledge receipt. The host computer system tracks and reports on the successful transmission of both funds and messages, providing security verification that enhances information reliability while maintaining efficient notification delivery.
Data Source
AI summary
A system for transferring funds from a sender to a recipient with a recorded message is disclosed. In one step the method includes receiving a request for a fund transfer from the sender. The sender may make the request for a fund transfer at a transaction processing device. In another step a payment is received from the sender for the fund transfer and a payment confirmation is transmitted to the host computer system. An identifier may then be assigned to the fund transfer. A recorded message from the sender may be received and at least a copy of the recorded message may be transmitted to a host computer system. The recorded message may then be associated with the fund transfer. A request, including the identifier, may be received from the recipient to receive the recorded messaged. In another step the recorded message may be sent to the recipient.