Funds distribution system connected with point of sale transactions
DC CAFCFirst Claim
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1. A system, comprising:
- a remote input;
entry means in the remote input for entering an amount corresponding to cash being offered by a transactor;
calculating means in the remote input for recording the amount of excess cash;
identifier entering means for entering an identifier that identifies the transactor;
apportioning means responsive to said remote input and said identifier entering means for apportioning at least a part of the excess cash to one or more accounts selected from a plurality of predetermined accounts on the basis of said identifier; and
said accounts being identified independent of data in the remote input.
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Abstract
An automated way for sales establishments to extend point of sale (POS) cash transactions to allow consumers to save change or transfer discretionary funds into saving or donating accounts managed by a central clearinghouse. The system includes a network composed of consumer/payors with identification cards, neutral merchants who enter data and funds into remote POS terminals, central clearinghouse that offers/process accounts, and service providers for participating consumer/account holders, i.e. nonprofit giving, travel, mutual funds, savings, etc. The network provides consumers with a seamless, convenient, and painless way to save/donate every time they spend at multiple POS counter locations.
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Citations
30 Claims
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1. A system, comprising:
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a remote input; entry means in the remote input for entering an amount corresponding to cash being offered by a transactor; calculating means in the remote input for recording the amount of excess cash; identifier entering means for entering an identifier that identifies the transactor; apportioning means responsive to said remote input and said identifier entering means for apportioning at least a part of the excess cash to one or more accounts selected from a plurality of predetermined accounts on the basis of said identifier; and said accounts being identified independent of data in the remote input. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 21, 22)
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13. A point of sale operating method comprising:
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entering an amount corresponding to a price of a product into a remote input; entering an amount corresponding to cash being paid; determining any excess cash payment; entering a card identifier; apportioning at least a part of the excess cash payment among one or more accounts selected from a plurality of predetermined accounts as determined by the card identifier; and crediting the excess paid to the accounts to the card identifier; the predetermined accounts being identified with said card identifier independent of said remote input. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 23, 24, 25, 26, 27, 28, 29)
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30. A system, comprising:
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a remote input; entry means in the remote input for entering an amount corresponding to a sum being offered in a transaction; identifier entering means for entering an identifier that identifies a transactor in the transaction; calculating means in the remote input for recording an excess from amounts in the transaction; apportioning means responsive to said remote input and said identifier entering means for apportioning at least a part of the excess to an account selected from a plurality of predetermined accounts on the basis of said identifier; and said accounts being identified independent of data in the remote input.
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Specification