Invention Grant
- Patent Title: Automatic settlement of user account with creditor from transaction kiosk
- Patent Title (中): 从交易亭自动结算用户账户
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Application No.: US11329480Application Date: 2006-01-10
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Publication No.: US08025213B2Publication Date: 2011-09-27
- Inventor: Sandra Hartfield , Jack Madrid , Hamed Shahbazi , Roy Goncalves
- Applicant: Sandra Hartfield , Jack Madrid , Hamed Shahbazi , Roy Goncalves
- Agency: HKH Law, LLC
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G07D11/00 ; G07F19/00 ; G06K5/00
Abstract:
A transaction kiosk collects cash from a user and then electronically negotiates with the user's creditor to settle a balance on an account with the creditor. The bank recognizes the cash deposited in the transaction kiosk by the user as security for the settlement amount. The cash deposited in the transaction kiosk is considered a cash asset owned by the bank and available to satisfy depositor claims. A transaction processor brokers the transaction between the user of the transaction kiosk, the surety bank, and the creditor.
Public/Granted literature
- US20070100750A1 Automatic settlement of user account with creditor from transaction kiosk Public/Granted day:2007-05-03
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