SYSTEM AND METHOD FOR CURRENCY SELECTABLE STORED VALUE INSTRUMENT

SYSTEM AND METHOD FOR CURRENCY SELECTABLE STORED VALUE INSTRUMENT

The invention provides a currency selectable stored value instrument (140), whose currency maybe chosen or converted at the time the value is loaded, after load but prior to redemption of value, at the time of redemption, or at the other times. One embodiment of the system is configured so that the...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: MESROBIAN, PETER MARK, DORION, MICHELLE, KARRIS, GUS, FELLNER, DEBRA C, SABLOFF, BARRY M, ALARCON-LUTHER, MELISSA, SCHELL, FRANK CHARLES III, GRIFFIN, GINGER
Format: Patent
Sprache:eng ; fre
Schlagworte:
CALCULATING
CHECKING-DEVICES
COIN-FREED OR LIKE APPARATUS
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:The invention provides a currency selectable stored value instrument (140), whose currency maybe chosen or converted at the time the value is loaded, after load but prior to redemption of value, at the time of redemption, or at the other times. One embodiment of the system is configured so that the stored value instrument may be a plastic card with a magnetic stripe, compatible with card readers (125) on Automated Teller Machine (ATMs) or other terminals. In one embodiment, U.S. dollars may be converted to Mexican pesos when the stored value instrument is loaded at an ATM or other location in the United States. A user may subsequently redeem that value for legal tender in pesos at an ATM located in Mexico, for example, or for goods, services, or cash in other countries.