Value transfer system for unbanked customers
First Claim
1. A method of transferring monetary value electronically from an origin to a destination, comprising the steps of:
- depositing an article having a monetary value in a device at the origin;
electronically communicating a value associated with the article to a dispensing device at a destination that is geographically different from said origin; and
dispensing at the destination a medium having inherent value.
2 Assignments
0 Petitions
Accused Products
Abstract
A method of transferring monetary value for unbanked customers by depositing cash, or the like, into a kiosk terminal. A security code is provided to the customer depositing the cash. The security code is forwarded by the customer in any manner to a destination where the security code is input by a patron into a kiosk terminal. The monetary value, less a transaction fee, is dispensed to the patron at the destination kiosk terminal. A financial network, including a transaction server and a cash authorization/settlement processor, control the communication of the transaction messages between the kiosk terminals and the settlement of the transaction fee between the providers of the financial network.
238 Citations
32 Claims
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1. A method of transferring monetary value electronically from an origin to a destination, comprising the steps of:
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depositing an article having a monetary value in a device at the origin;
electronically communicating a value associated with the article to a dispensing device at a destination that is geographically different from said origin; and
dispensing at the destination a medium having inherent value. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 29, 30, 31, 32)
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28. A method of transferring monetary value electronically from an origin to a destination, comprising the steps of:
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inserting legal tender by a user into an origin device;
determining a monetary value of the legal tender inserted;
electronically communicating to a destination device a monetary value associated with the legal tender inserted into said origin device; and
said electronic communication allowing legal tender to be dispensed at the destination device.
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Specification