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284results about How to "Eliminate contact" patented technology

Consumer-directed financial transfers using automated clearinghouse networks

Consumer directed transfers of funds over the Internet are provided by a combination of systems and networks, including the Internet, email, and the Automated Clearinghouse system (ACH). A host system provided by a funds transfer service manages requests of senders to transfer funds and further manages responses of receivers to claim funds. The host system allows the sender to initiate the funds transfer by specifying the amount of the transfer and information for contacting the receiver, without the need to specify the account of the receiver for receiving the funds. Instead, the host system contacts the receiver and informs the receiver of the available funds; the receiver can then provide the necessary target account information for completing the funds transfer. The ACH is used to effect the transfer of funds, with the host system providing instructions for ACH entries to its financial institution using account information separately received from the sender and receiver. The credit risk associated with originating ACH entries is reduced by use of the Point of Sale system to verify sufficient funds in the sender's account by comparing the closing balance of the day the funds transfer is requested with the transfer amount. Sender fraud is reduced by comparing a sender provided balance (or check number/amounts) with an account balance acquired through automated means such as the POS system or ATM network.
Owner:INTUIT INC

Rotational magnetic electrical generating device

A rotational magnetic electrical generating device produces an alternating electrical current generated by a central rotational magnetic cylinder with an inner cavity having an central fixed coil operated by a DC current providing a driving rotational force upon a plurality of embedded neodymium magnets within the inner cavity of the central rotational magnetic cylinder, the central rotational magnetic cylinder having an upper outer margin with an upper magnetic ring and a lower outer margin having a lower magnetic ring, the two magnetic rings suspending the central rotational magnetic cylinder between two fixed magnetic fields supported by a frame member, the central rotational magnetic cylinder further having an outer perimeter surface embedded with a plurality of neodymium alloy magnets equally sized and spaced apart, a lower surface embedded with a plurality of neodymium alloy magnets equally sized and spaced apart, and an upper surface embedded with a plurality of neodymium alloy magnets equally sized and spaced apart. A plurality of alternate wound electrical stators are suspended above the upper surface, below the lower surface and around the outer perimeter surface of the central rotational magnetic cylinder, supported by the frame member while insulated from the frame member, each electrical stator connected to external leads to transmit alternating current generated by the spinning central rotational magnetic cylinder, the entire device enclosed within a vacuum.
Owner:CONTIEMPO ENERGY
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