MONEY TRANSACTION SYSTEM AND A METHOD THERETO
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United States of America Patent
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N/A
Issued Date -
Dec 19, 2013
app pub date -
Jun 14, 2013
filing date -
Jun 15, 2012
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system and method for providing money transaction between a sender and a recipient, wherein within the system at least one transaction device is configured to receive money inserted therein, determine its value, determine a transaction code for the money and deliver information on at least the value of the inserted money and the transaction code to at least one server. Additionally, the transaction device is configured to receive a transaction code, request, by delivering the received transaction code to the server maintaining money transaction related information, if a corresponding transaction code with information on the value of inserted money is stored in the server, and if a match is found receive from the server an authorization to output a corresponding amount of money in cash as indicated in the information in the server in connection to the transaction code. Finally, the transaction device outputs the corresponding amount of money.
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