Anonymous on-line cash management system

• US 7,814,009 B1
• Filed: 05/12/2000
• Issued: 10/12/2010
• Est. Priority Date: 05/12/2000
• Status: Expired due to Fees

• Current Assignee: Vaultet LLC (IP Edge LLC)
• Original Assignee: Marvin A Frenkel
• Inventors: Frenkel, Marvin A.
• Primary Examiner(s): Augustin, Evens J
• Application Number:
  US09/979,570
• Time in Patent Office: 3,805 Days
• Field of Search: 705/26, 705/1, 705/39, 705/44, 705/45, 382/115
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/06 Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A method for a customer to anonymously purchase goods or services from an on-line merchant, including the steps of depositing currency in the form of cash with a depository, the depository issuing to the customer one or more randomly-generated serial numbers, the customer submitting at least one serial number to the on-line merchant and the depository transferring an amount of said currency corresponding to said at least one serial number to an account of said on-line merchant. Since the customer uses cash for payment and the serial numbers are randomly-generated, the customer'"'"'s identity remains anonymous.

Claims

1. A method for a customer to anonymously purchase goods or services from an on-line merchant, said method comprising the steps of:

a customer depositing an amount of cash with an account seller, the account seller being independent of said customer such that the identity of said customer remains anonymous;

the account seller electronically notifying a central computer server of the amount of cash received from the customer;

the central computer server transferring an amount of electronic currency corresponding to the amount that the account seller received from the customer from a bank account of the account seller to a central bank account having one or more account numbers;

the central computer server generating, storing and issuing to the account seller one or more anonymous and randomly-generated serial numbers corresponding to said one or more account numbers;

the account seller providing the serial number information to the customer;

the customer submitting at least one serial number to the on-line merchant to purchase goods or services, said on-line merchant being unable to identify said customer during said purchase;

the on-line merchant, upon receipt of said at least one serial number submitted by said customer, transmitting said at least one serial number to the central computer server for authentication;

the central computer server authenticating said at least one serial number; and

the central computer server transferring an amount of said electronic currency corresponding to said at least one serial number to an account of said on-line merchant.

2. A method according to claim 1, wherein the step of the account seller providing the serial number information to the customer comprises the account seller providing the customer with a computer readable form having said at least one serial number corresponding to the amount of cash deposited therewith disposed thereon.

3. A method according to claim 1, wherein the account seller is selected from the group consisting of retail stores and banks.

4. A method according to claim 1, wherein the customer deposits an amount of cash with the account seller through an automatic teller machine.

5. A method according to claim 1, wherein the step of the account seller providing the serial number information to the customer comprises the account seller providing the customer with a paper having said at least one serial number corresponding to the amount of cash deposited therewith disposed thereon.

6. A method according to claim 1, wherein the account seller, the bank account of the account seller, the central computer server and the central bank are interlinked by a secured private computer network.

7. A method according to claim 1, wherein the account seller, the bank account of the account seller, the central computer server and the central bank communicate over the Internet.

8. A method according to claim 1, wherein the serial numbers are the same as the account numbers.

9. A method according to claim 1, wherein the serial numbers are used once, discarded by customers thereafter and never used again.

10. A system for anonymously transferring funds electronically between a customer and an on-line merchant comprising:

an account seller capable of receiving cash from a customer;

a central computer server capable of receiving notification from the account seller of the amount of cash received from the customer, transferring an amount of electronic currency corresponding to the amount that the account seller received from the customer from a bank account of the account seller to a central bank account, generating one or more random account numbers corresponding to said central bank account, storing said one or more account numbers, transmitting said one or more account numbers to said account seller, and authenticating said one or more account numbers when presented by an on-line merchant; and

a computer network capable of communicating between said account seller, said central computer server, said bank account of the account seller and said central bank.

11. The system according to claim 10 wherein said computer network is a secured private computer network.

12. The system according to claim 10 wherein said computer network is the Internet.