Point of Sale Transaction Method and System

• US 20070187482A1
• Filed: 02/13/2006
• Published: 08/16/2007
• Est. Priority Date: 02/13/2006
• Status: Abandoned Application

• Current Assignee: Alberto Castro
• Original Assignee: Alberto Castro
• Inventors: Castro, Alberto
• Application Number:
  US11/307,573
• Publication Number:
  US 20070187482A1
• Time in Patent Office: Days
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems

Abstract

Disclosed is a method and system to perform an instant point of sale transaction through a communication device, comprising the use of audio tones. Such transactions may or may not be monetary in nature. The invention accordingly makes it possible for the user to either make a transaction, such as, but not limited to a payment or receiving a transfer from a selected account through the use of readily accessible technology. The Point of Sale Transaction System and Method provides a highly flexible, universal and economical process for the payment/receipt and/or transfer of information, including, but not limited to electronic funds. The present invention provides added security to the use of cards by any number of users it also provides an alternative for people to use their cards easily and securely anywhere they have their communication device, among others.

Claims

1. A method for generating a point of sale transaction comprising:

communicating from a first location with a server system located at a remote location;

processing said communicating with said server system at a remote location;

causing a financial transaction to be completed based on said processing of said communicating at said first location.

2. The method of claim 1, wherein, said communicating with said server comprises generating an identifier to identify a user based on said communicating and providing a menu.

3. The method of claim 2, wherein generating an identifier to identify comprises requesting an identification code and comparing said identification code with a predetermined code.

4. The method of claim 2, wherein said providing said menu comprises;

providing a list including a plurality of available functions;

selecting one of said plurality of available functions; and

sending indicia identifying said selected one of said plurality of functions.

5. The method of claim 4, wherein said providing a plurality of available functions comprises providing a list of functions including at least one of:

making a transfer, receiving a transfer, making payment, receiving a payment, entering amount of transaction, and verify account balances.

6. The method of claim 2, further comprising selecting an account associated with the user.

7. The method of claim 6, wherein selecting said account associated with said user further comprises previously registering said account with a said server system.

8. The method of claim 3, further comprising registering said identification code with the server system.

9. The method of claim 1, wherein processing said communicating further comprises processing selected functions associated with a selected account and validating the transaction.

10. The method of claim 1, wherein said causing the financial transaction to be completed comprises;

generating a signal from a server system;

sending said signal to a communication device;

receiving said signal from said server system in said communication device;

converting said signal to an audio signal by the communication device.

11. The method of claim 1, wherein causing a transaction to be completed comprises adapting a communication device to communicate with a terminal.

12. The method of claim 11, wherein said adapting said communication device to communicate with said terminal comprises receiving an audio signal from the terminal corresponding to a terminal user and the amount of the transaction.

13. The method of claim 1, wherein said causing a transaction to be completed further comprises the server system receiving an audible signal from the terminal through the communication device and validating the transaction.

14. The method of claim 1 wherein causing a transaction to be completed further comprises debiting an amount from a selected account.

15. The method of claim 1, wherein said causing a transaction to be completed further comprises accrediting an amount to a terminal user account.

16. A method for generating a point of sale transaction comprising:

communicating from a first communication device with a server system located at a remote location;

processing said communicating from a first communication device with said server system at a remote location;

communicating from a second communication device with said server system located at said remote location;

processing said communicating from said second communication device with said server system at a remote location; and

causing a transaction to be completed based on said processing of said communicating from said first communication device and said processing of said communicating from said second communication device.

17. The method of claim 16, wherein, said communicating from said first communication device with said server system and said communicating from said second communication device with said server system comprises generating an identifier to identify a user based on said communicating and providing a menu, respectively.

18. The method of claim 17, wherein generating an identifier to identify comprises requesting an identification code and comparing said identification code with a predetermined code.

19. The method of claim 17, wherein said providing said menu comprises;

providing a list including a plurality of available functions;

selecting one of said plurality of available functions; and

sending indicia identifying said selected one of said plurality of functions.

20. The method of claim 19, wherein said providing a plurality of available functions comprises providing a list of functions including a at least one of:

making a transfer, receiving a transfer, making payment, receiving a payment, entering amount of transaction, and verify account balances.

21. The method of claim 17, further comprising selecting an account associated with the user.

22. The method of claim 21, wherein selecting said account associated with said user further comprises previously registering said account with a the server system.

23. The method of claim 18, further comprising registering said identification code with the server system.

24. The method of claim 16, wherein processing said communicating from said first communication device and processing said communicating from said second communication device further comprises processing selected functions associated with a selected account and validating the transaction, respectively.

25. The method of claim 16, wherein said causing the transaction to be completed comprises;

generating a first signal from said server system based on said communicating from said first communication device;

sending said first signal to said first communication device;

receiving said first signal from said server system in said first communication device;

converting said first signal to an audio signal by said first communication device;

generating a second signal from said server system based on said communicating from said second communication device;

sending said second signal to said second communication device;

receiving said second signal from said server system in said second communication device;

converting said second signal to an audio signal by said second communication device.

26. The method of claim 16, wherein causing said transaction to be completed comprises adapting said first communication device to communicate with said second communication device.

27. The method of claim 16, wherein adapting said first communication device to communicate with said second communication device comprises positioning said first communication device inverted against said second communication device and allowing communication between said first communication device and said second communication device.

28. The method of claim 27, wherein allowing communication between said first communication device and said second communication device further comprises the use of audio tones.

29. The method of claim 16, wherein said causing said transaction to be completed comprises debiting a payment from a selected account.

30. The method of claim 16, wherein said causing a transaction comprises accrediting a payment to a selected account.

31. A system for completing a point of sale transaction comprising;

a communication device to generate a communication link;

a server system to receive said communication link from said communication device and to generate a signal for validating a transaction;

a terminal to receive said signal from said server system through said communication device and to process said signal to cause the transaction to be completed therein.

32. The system of claim 31, further comprising a receiving device linked to said server system, wherein information is transferred through said communication device for allowing said transaction to be completed.

33. A terminal for conducting a transaction from a remote location through a communication device, the terminal comprising a receiving element adapted to receive said communication device through which an identification code is transmitted to said server system.

34. The terminal of claim 33 wherein said receiving element further comprises at least one of the following, an input device, a display device and an audio device.

35. The terminal of claim 33 wherein said identification code is constantly transmitted at a substantial predetermined time rate.