Funds distribution system connected with point of sale transactions
US6088682A · kind A · utility
Assignee
Inventor
Key dates
| Filing date | Apr 15, 1997 |
| Grant date | Jul 11, 2000 |
| Priority date | — |
| Expiry date | Apr 15, 2017 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07G1/14
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
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.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.