Internet-based money order system
View Patent ↗A system and method for purchasing a money order via the internet including the steps of providing an internet based money order system capable of generating money orders upon the receipt of a purchase request by a prospective buyer via the internet for a predetermined amount of funds. The prospective buyer transmits information to the money order system, via the internet, which information is required to purchase the money order. The money order is then remotely generated by the money order system and is delivered to an intended recipient of the money order.
1. A method of purchasing a money order by a sender of the money order via the Internet for delivery to a receiver of the money order, comprising the steps of:
providing a money order system capable of generating money orders backed by a third party other than the sender of the money order or the receiver of the money order;
receiving a contact at the money order system from the sender of the money order, wherein the sender of the money order remotely contacts the money order system with a computing device via the Internet, the sender of the money order desiring to purchase a money order in a financial amount;
receiving information at the money order system from the user sender of the money order via the Internet, the information required to purchase the money order, the information including at least an identification of the sender of the money order, an identification of the receiver of the money order and the financial amount for the money order;
printing the money order backed by the third party with the money order system in response to receiving the information; and
sending the printed money order from the money order system to the receiver of the money order.
2. The method as defined in claim 1 , further including the step of generating an e-mail message to at least one of the sender of the money order or receiver of the money order that the money order has been sent to the receiver of the money order.
3. The method as defined in claim 2 , wherein the email identifies goods for which the money order was authorized, and wherein the receiver of the money order sends the goods to the sender of the money order in response to the email.
4. The method as defined in claim 1 , further including the steps of:
transmitting credit card information associated with the sender of the money order to the money order system; and
processing the credit card information with the money order system to make available funds needed for the purchase of the money order by the sender of the money order.
5. The method as defined in claim 1 , further including the steps of:
establishing a funds account on behalf of the sender of the money order in the money order system, the funds account having a predetermined amount of monetary funds;
deducting a predetermined amount of funds from the funds account with the money order system in accordance with the amount of funds required to generate the purchased money order.
6. The method as defined in claim 1 , wherein the sending step is initiated by the money order system.
7. The method as defined in claim 1 , wherein the information further includes credit card information used to pay for the money order.
8. The method as defined in claim 1 , wherein the money order is purchased in response to an internet-based auction transaction.
9. The method as defined in claim 8 , wherein a seller's website associated with the internet-based auction transaction includes a hyper-link to the money order system.
10. The method as defined in claim 1 , wherein the third party is a credit card bank.
11. A computer readable medium having stored thereon computer-executable instructions, wherein when executed by a computer system causes the computer system to perform a method for purchasing a money order by a sender of the money order via the Internet for delivery to a receiver of the money order, the instructions comprising:
instructions for providing a money order system capable of generating money orders backed by a third party other than the sender of the money order or the receiver of the money order;
instructions for receiving a contact at the money order system, wherein the sender of the money order remotely contacts the money order system with a computing device via the Internet, the sender of the money order desiring to purchase a money order in a financial amount;
instructions for receiving information at the money order system from the sender of the money order via the Internet, the information required to purchase the money order, the information including at least an identification of the sender of the money order, an identification of the receiver of the money order and the financial amount for the money order;
instructions for printing the money order backed by the third party with the money order system in response to receiving the information; and
instructions for sending the printed money order from the money order system to the receiver of the money order.
12. The method as defined in claim 11 , further including instructions for generating an e-mail message to at least one of the sender of the money order or receiver of the money order that the money order has been sent to the receiver of the money order.
13. The method as defined in claim 11 , further including:
instructions for transmitting credit card information associated with the sender of the money order to the money order system; and
instructions for processing the credit card information with the money order system to make available funds needed for the purchase of the money order by the sender of the money order.
14. The method as defined in claim 11 , further including:
instructions for establishing a funds account on behalf of the sender of the money order in the money order system, the funds account having a predetermined amount of monetary funds; and
instructions for deducting a predetermined amount of funds from the funds account with the money order system in accordance with the amount of funds required to generate the purchased money order.
15. The method as defined in claim 11 , wherein the instructions for sending are initiated by the money order system.
16. A computer system, the computer system comprising:
a processor, the processor operable to execute one or more computer-executable instructions; and
a computer readable medium having stored thereon the computer-executable instructions, wherein when executed by the processor causes the processor to perform a method for purchasing a money order by a sender of the money order via the Internet for delivery to a receiver of the money order, wherein the money order is backed by a third party other than the sender of the money order or the receiver of the money order, the method comprising:
providing a money order system capable of generating money orders;
receiving a contact at the money order system, wherein the sender of the money order remotely contacts the money order system with a computing device via the Internet, the sender of the money order desiring to purchase a money order in a financial amount;
receiving information at the money order system from the sender of the money order via the Internet, the information required to purchase the money order, the information including at least an identification of the sender of the money order, an identification of the receiver of the money order and the financial amount for the money order;
printing the money order backed by the third party with the money order system in response to receiving the information; and
sending the printed money order from the money order system to the receiver of the money order.
17. The computer system as defined in claim 16 , wherein the method further includes generating an e-mail message to at least one of the sender of the money order or receiver of the money order that the money order has been sent to the receiver of the money order.
18. The computer system as defined in claim 16 , wherein the method further includes:
transmitting credit card information associated with the sender of the money order; and
electronically processing the credit card information to make available funds needed for the purchase of the money order by the sender of the money order.
19. The computer system as defined in claim 16 , wherein the method further includes:
establishing a funds account on behalf of the sender of the money order in the money order system, the funds account having a predetermined amount of monetary funds; and
electronically deducting a predetermined amount of funds from the funds account in accordance with the amount of funds required to generate the purchased money order.
20. The method as defined in claim 16 , wherein the step for sending is initiated by the money order system.