System and method for pseudo cash transactions with credit back
First Claim
Patent Images
1. A system for providing pseudo cash transactions, comprising:
- a pseudo cash dispenser for dispensing a pseudo cash preliminary data packet in exchange for a fixed monetary value;
a pseudo cash data packet converter for inserting a user key into the pseudo cash preliminary data packet through the use of a user insertion key to generate a pseudo cash unit;
a pseudo cash repository for maintaining a record of the pseudo cash unit and the fixed monetary value; and
a record generator for generating the record from the pseudo cash preliminary data packet, the fixed monetary value, the user key and the user insertion key in response to an exchange of the preliminary data packet to a first entity for the fixed monetary value;
a record adjuster for exchanging a second fixed monetary value for receipt of the pseudo cash unit with a credit back indicator and deactivating the record, said second fixed monetary value being less than the fixed monetary value.
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Abstract
A system and method for pseudo cash transactions allows a portion of the pseudo cash to be refunded through use of a credit back indicator which is used by a record adjuster to adjust the file associated with a pseudo cash unit which can then be accessed by the user with a user identifier to obtain a refund or credit.
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Citations
9 Claims
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1. A system for providing pseudo cash transactions, comprising:
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a pseudo cash dispenser for dispensing a pseudo cash preliminary data packet in exchange for a fixed monetary value; a pseudo cash data packet converter for inserting a user key into the pseudo cash preliminary data packet through the use of a user insertion key to generate a pseudo cash unit; a pseudo cash repository for maintaining a record of the pseudo cash unit and the fixed monetary value; and a record generator for generating the record from the pseudo cash preliminary data packet, the fixed monetary value, the user key and the user insertion key in response to an exchange of the preliminary data packet to a first entity for the fixed monetary value; a record adjuster for exchanging a second fixed monetary value for receipt of the pseudo cash unit with a credit back indicator and deactivating the record, said second fixed monetary value being less than the fixed monetary value. - View Dependent Claims (2, 3, 4, 5, 8, 9)
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6. A method for providing pseudo cash transactions, comprising:
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generating a pseudo cash preliminary data packet; generating a pseudo cash unit from the pseudo cash preliminary data packet by inserting a user key of a first entity into the pseudo cash preliminary data packet in accordance with an algorithm that uses the user insertion key of the first entity; assigning a fixed monetary value to the pseudo cash unit; dispensing the pseudo cash preliminary data packet from a pseudo cash dispenser to the first entity in exchange for the fixed monetary value received from the first entity; creating a file in a pseudo cash repository which contains the pseudo cash unit and the fixed monetary value; regenerating the pseudo cash unit from the pseudo cash preliminary data packet by inserting the user key of the first entity into the pseudo cash preliminary data packet in accordance with the algorithm that uses the user insertion key of the first entity; exchanging the pseudo cash unit with a credit back indicator for a second fixed monetary value that is less than the fixed monetary value; and deactivating the file in the pseudo cash repository when the pseudo cash unit is exchanged for the fixed monetary value. - View Dependent Claims (7)
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Specification