Multiple denomination currency receiving and prepaid card dispensing method and apparatus
First Claim
Patent Images
1. A method for processing currency of various denominations and corresponding values comprising the steps of:
- receiving currency of a first denomination with a first value at an automatic currency processor;
assessing a first fee in response to the first denomination;
receiving currency of a second denomination with a second value at the automatic currency processor; and
assessing a second fee different from the first fee in response to the second denomination.
4 Assignments
0 Petitions
Accused Products
Abstract
A method and system and computer readable medium for processing currency including cash, coins, passive cards, prepaid cards, debit cards, check cards, and smart cards and for providing tokens including passive cards, debit cards, check cards, and smart cards. A transaction fee is calculated based upon a combination of one more of the following (i) type and amount of currency deposited; (iii) the type and amount of token requested; and (iii) the type and amount of the subsequent purchase.
113 Citations
41 Claims
-
1. A method for processing currency of various denominations and corresponding values comprising the steps of:
-
receiving currency of a first denomination with a first value at an automatic currency processor;
assessing a first fee in response to the first denomination;
receiving currency of a second denomination with a second value at the automatic currency processor; and
assessing a second fee different from the first fee in response to the second denomination. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 23, 24)
-
-
22. A method for determining a transaction fee to convert a first form of payment deposited to second form of payment dispensed, where the transaction fee is charged for the conversion, the method comprising the steps of:
-
receiving a first form of payment deposited from a group of currency consisting of coins, notes, receipts, passive cards, and active cards;
dispensing a second form of payment dispensed from a group of tokens consisting of coins, notes, receipts, passive cards, and active cards;
calculating a transaction fee based upon one or more of the following;
at least one of the first form of payment received;
at least one of the amounts of the first form of payment received;
at least one of the second form of payment dispensed; and
at least one of the amounts of the second form of payment dispensed. - View Dependent Claims (26, 27, 28, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41)
-
-
25. A method on an information processing unit running as a financial server, the financial server coupled to a network connecting one or more automatic currency processors, the method for determining a transaction fee to convert a first form of payment to a second form of payment, where the transaction fee is charged for the conversion, the method comprising the steps of:
-
receiving a notification of a first form of payment received at an automatic currency processor, the first form of payment selected from a group of currency consisting of currency consisting of coins, notes, receipts, passive cards, and active cards;
receiving a notification of a second form of payment dispensed at an automatic currency processor, the second type of payment selected from a group of tokens consisting of coins, notes, receipts, passive cards, and active cards;
calculating a transaction fee based upon one or more of the following;
at least one of the first form of currency received;
at least one of the amounts of the first form of currency received;
at least one of the second form of token dispensed;
at least one of the amounts of the second form of token dispensed;
at least one type of subsequent purchase made using the second form of money; and
at least one of the amounts of the second form of token used to make a subsequent purchase.
-
-
29. An automatic currency processor comprising:
-
a receiver for receiving currency of various denominations and values; and
a controller for assessing a variable rate transaction fee in response to the denomination of the currency.
-
Specification