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Method and device for handling means for payment and means for payment

  • US 6,321,894 B1
  • Filed: 02/19/1999
  • Issued: 11/27/2001
  • Est. Priority Date: 07/19/1996
  • Status: Expired due to Term
First Claim
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1. A method for accomplishing payment comprising the steps of:

  • receipt of payment means by a provider of goods or services;

    registration of a monetary value of the payment means;

    destruction of all of the payment means received and registered; and

    transmission of only data representing said monetary value of the received, registered, and destroyed payment means to a financial institution.

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