WO2017052495A1 - Carte de transaction de rendu de monnaie - Google Patents

Carte de transaction de rendu de monnaie Download PDF

Info

Publication number
WO2017052495A1
WO2017052495A1 PCT/US2015/051224 US2015051224W WO2017052495A1 WO 2017052495 A1 WO2017052495 A1 WO 2017052495A1 US 2015051224 W US2015051224 W US 2015051224W WO 2017052495 A1 WO2017052495 A1 WO 2017052495A1
Authority
WO
WIPO (PCT)
Prior art keywords
card
change
sale
change card
point
Prior art date
Application number
PCT/US2015/051224
Other languages
English (en)
Inventor
Richard A. FOSTON
Lisa E. KELLY
Original Assignee
Foston Richard A
Kelly Lisa E
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Foston Richard A, Kelly Lisa E filed Critical Foston Richard A
Priority to PCT/US2015/051224 priority Critical patent/WO2017052495A1/fr
Publication of WO2017052495A1 publication Critical patent/WO2017052495A1/fr

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/34—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using cards, e.g. integrated circuit [IC] cards or magnetic cards
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/20—Point-of-sale [POS] network systems

Definitions

  • This invention disclosure relates to a method and system for converting coins, via a change card, at any point-of-sale or money transaction into electronic funds for saving or future purchases.
  • US 7284696 B2 discloses a transaction card that allows for retail purchases involving fractional dollar amount to be completed without the use of coin currency. But this card is non- transferable.
  • US 20060207856 Al discloses various methods and systems for exchanging various forms of value, including coins, currency, credit, debit, and/or bank account funds, for prepaid cash cards, credit cards, phone cards, gift cards, in-store gift certificates, e-certificates, and the like.
  • the methods and systems disclosed herein are complex, and fail to provide a comprehensive solution to customers in order to accumulate the fractional change while conducting any purchase.
  • the current invention overcomes the shortcoming of the above-mentioned prior arts and provides a viable solution to the problem associated with financial transactions involving exchange of fractional change.
  • the current invention disclosure discloses a method and system that converts routine cash sales transaction into a banking transaction at the point of sale. It provides cash sale purchasers, i.e. consumers, with the option of electronically depositing their change into a savings or other type of account with a financial institution at the point of sale.
  • the account is linked to the consumer's magnetic stripe card that is placed on the automated and transactional magnetic change card.
  • the present invention provides a system and method for eliminating the need to use coinage in retail and other transactions as well as providing customers an opportunity to deposit accumulated coins at a Change Card kiosk to initiate a positive card balance at the time of Change Card purchase.
  • the present invention automatically converts a cash transaction into a transaction that provides an immediately tangible benefit to the consumer, the vendor and the linked financial institution.
  • the present invention provides a system and process for using change from cash sales transactions to fund the financial accounts at the point of sale.
  • Financial institutions have the immediate benefit of the instantaneous creation of a new banking relationship with the consumer, together with the immediate and regular infusion of significant volumes of cash into the financial institution from a previously untapped source—the point of sale.
  • the present invention disclosure discloses a method and system that converts routine cash sales transaction into a banking transaction at the point of sale. It provides cash sale purchasers, i.e. consumers, with the option of electronically depositing their change into a savings or other type of account with a financial institution at the point of sale.
  • the account is linked to the consumer's magnetic stripe card that is placed on the automated and transactional magnetic change card.
  • the present invention requires the user to purchase the change card and update it with the personal details as well as the user's account detail. Once the card is updated with the user's details, it syncs with the financial institution electronically to the user's account that has the user's unique identifier (account number, email, username or phone number).
  • the process of the change card is simple in application; the user can purchase items, grocery etc, and make the payment in accordance to the final billing amount generated at point of sale. If the amount given by user leads to balance to be given to the user, this balance amount, in full or part, can be credited to user's account via use of change card which has an inbuilt magnetic strip to store the information about the transaction.
  • the entire difference may be either credited to or debited from the monetary value stored on the transaction card.
  • the individual may tender $20.00 along with the change card.
  • the customers may receive $9.00 in cash and deposit $0.50 or choose to have the entire $9.50 in change, credited to the change card.
  • the monetary value stored in the change card memory is also available for secondary transactions, wherein the entire purchase price is debited from the monetary value of the change card. Alternatively, all or a portion of the monetary value can be deposited to a bank account via an ATM or over the counter transaction.
  • the change card can be repeatedly used at participating establishments, so that credited change accumulates thereon, with a running credit balance being maintained on the card,
  • the change card disclosed herein contains all the necessary details of the user, such as name, card number, and user's signature in order to ascertain the user's ownership with the card.
  • the change card is not only easy to use but also has a facility to enable user to transfer the amount accumulated in card via online transaction. The user can also transfer the card to another user after completing the necessary changes in the card.

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Microelectronics & Electronic Packaging (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Finance (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

L'invention concerne un procédé et un système qui convertit des transactions d'achat en espèces habituelles en une transaction bancaire au niveau du point de vente. Elle concerne des acheteurs effectuant des achats en espèces, c'est-à-dire des consommateurs, ayant l'option de déposer électroniquement leur rendu de monnaie sur un compte d'épargne ou sur un autre type de compte auprès d'une institution financière au niveau du point de vente. Le compte est lié à la carte de transaction de rendu de monnaie à bande magnétique du consommateur; la bande magnétique est placée sur la carte de transaction de rendu de monnaie magnétique automatisée.
PCT/US2015/051224 2015-09-21 2015-09-21 Carte de transaction de rendu de monnaie WO2017052495A1 (fr)

Priority Applications (1)

Application Number Priority Date Filing Date Title
PCT/US2015/051224 WO2017052495A1 (fr) 2015-09-21 2015-09-21 Carte de transaction de rendu de monnaie

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
PCT/US2015/051224 WO2017052495A1 (fr) 2015-09-21 2015-09-21 Carte de transaction de rendu de monnaie

Publications (1)

Publication Number Publication Date
WO2017052495A1 true WO2017052495A1 (fr) 2017-03-30

Family

ID=58386891

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2015/051224 WO2017052495A1 (fr) 2015-09-21 2015-09-21 Carte de transaction de rendu de monnaie

Country Status (1)

Country Link
WO (1) WO2017052495A1 (fr)

Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20010032878A1 (en) * 2000-02-09 2001-10-25 Tsiounis Yiannis S. Method and system for making anonymous electronic payments on the world wide web
US20020120530A1 (en) * 1999-07-29 2002-08-29 Sutton David B. Method and system for transacting an anonymous purchase over the internet
US20030001005A1 (en) * 1998-10-28 2003-01-02 Mastercard International Incorporated System and method for using a prepaid card
US20070029378A1 (en) * 2004-11-05 2007-02-08 Begola Jeffrey J Change card

Patent Citations (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20030001005A1 (en) * 1998-10-28 2003-01-02 Mastercard International Incorporated System and method for using a prepaid card
US20020120530A1 (en) * 1999-07-29 2002-08-29 Sutton David B. Method and system for transacting an anonymous purchase over the internet
US20010032878A1 (en) * 2000-02-09 2001-10-25 Tsiounis Yiannis S. Method and system for making anonymous electronic payments on the world wide web
US20070029378A1 (en) * 2004-11-05 2007-02-08 Begola Jeffrey J Change card

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