System and method for debit account transactions
First Claim
1. A system for establishing a debit account via a point of sale transaction;
- comprising;
(a) a transaction terminal, said terminal including input means, display means, and processing means;
(b) printing means operatively coupled to said transaction terminal;
(c) communications means integral to said transaction terminal;
(d) a secure host server in communication with said transaction terminal; and
(e) said transaction terminal further including an operating program for performing a series of steps including;
initiating said point of sale transaction to accept funds from a customer to be deposited into a debit account;
accepting an input value representing funds to be deposited into said debit account;
accessing said secure host server via said communications means;
transmitting said input value to said secure host server;
receiving a debit account number unique to said transaction from said secure host server;
receiving a unique personal identifier number (PIN) corresponding to said debit account number from said secure host server, and providing said debit account number and PIN in readable format to said customer.
3 Assignments
0 Petitions
Accused Products
Abstract
A system and method for establishing a debit account via a point of sale transaction terminal which is in communication with a secure host server. The transaction terminal includes an operating program for initiating a point of sale transaction to accept funds from a customer to be deposited into a debit account; transmitting the amount of the funds to the secure host server, receiving a debit account number and personal identifier number (PIN) unique to the transaction from the secure host server; and providing a printed receipt to the customer with the debit account number and PIN. The secure host server creates a debit account having a unique debit account number specific to the transaction, stores a electronic representation of currency equivalent to the input value into the debit account; and associates a personal identification number (PIN) with the debit account. The invention further includes a database for storing the debit account number and PIN number which also maintains account balance information associated with the debit account number. The funds can then be withdrawn from the debit account by a customer using the debit account number and PIN. Personal identification data from the customer is not required to establish the account, and the account holder identity can remain anonymous.
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Citations
21 Claims
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1. A system for establishing a debit account via a point of sale transaction;
- comprising;
(a) a transaction terminal, said terminal including input means, display means, and processing means;
(b) printing means operatively coupled to said transaction terminal;
(c) communications means integral to said transaction terminal;
(d) a secure host server in communication with said transaction terminal; and
(e) said transaction terminal further including an operating program for performing a series of steps including;
initiating said point of sale transaction to accept funds from a customer to be deposited into a debit account;
accepting an input value representing funds to be deposited into said debit account;
accessing said secure host server via said communications means;
transmitting said input value to said secure host server;
receiving a debit account number unique to said transaction from said secure host server;
receiving a unique personal identifier number (PIN) corresponding to said debit account number from said secure host server, and providing said debit account number and PIN in readable format to said customer. - View Dependent Claims (2, 3, 4, 5)
- comprising;
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6. A system for establishing a debit account via a point of sale transaction;
- comprising;
(a) a transaction terminal, said terminal including input means, display means, and processing means;
(b) printing means operatively coupled to said transaction terminal;
(c) communications means integral to said transaction terminal;
(d) a secure host server in communication with said transaction terminal;
(e) said transaction terminal including an operating program for performing a series of steps including;
initiating said point of sale transaction to accept funds from a customer to be deposited into a debit account;
accepting an input value representing funds to be deposited into said debit account;
accessing said secure host server via said communications means;
transmitting said input value to said secure host server;
receiving a debit account number unique to said transaction, and providing said debit account number to said customer in readable format. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13, 14, 15)
- comprising;
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16. A method for establishing a debit account at a point of sale transaction terminal including the steps of:
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initiating a point of sale transaction to accept funds from a customer to be deposited into a debit account;
inputting a value representing funds to be deposited into said debit account into said transaction terminal;
communicating the input value to a secure host server;
receiving a debit account number unique to said transaction from the secure host server; and
providing the debit account number to the customer. - View Dependent Claims (17, 18, 19, 20, 21)
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Specification