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Automated forex function in an asset storage and transfer system

A technology for transferring systems and assets, applied in point-of-sale network systems, payment systems, currency conversion, etc., can solve the problems of impractical and inconvenient storage media

Inactive Publication Date: 2015-02-25
ROYAL CANADIAN MINT
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, this is inconvenient for the merchant, and it only provides a partial solution, since it is impractical for the merchant to have storage media denominated in every possible currency

Method used

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  • Automated forex function in an asset storage and transfer system
  • Automated forex function in an asset storage and transfer system
  • Automated forex function in an asset storage and transfer system

Examples

Experimental program
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Embodiment Construction

[0019] refer to image 3 , shows a representative asset storage and transfer system utilizing automated foreign exchange (FOREX) functionality. if available at image 3 As seen in , the automatic FOREX functionality is provided by a FOREX dealer server 34 connected to the data network 26 and a mass storage medium 36 that consolidates or implements a plurality of individual storage mediums 4d. In this case, the storage medium 4d implemented by the mass storage medium 36 may take the form of a physical device connected to the server 34 via a suitable connection, or in the applicant's PCT Patent Publication Nos. WO 2011 / 032257 and WO 2011 / A form of virtual appliance of the type described in 0322717.

[0020] in order to image 3 In an environment that manages the transfer of asset value quantities, each storage medium 4 (whether owned by individual users "A" and "B", owned by a merchant or owned by a FOREX dealer) differs from those in Figures 1-2 The difference is that the ...

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PUM

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Abstract

A method of transferring asset value between a first storage media for storing and transferring asset value denominated in a first currency and a second storage media for storing and transferring asset value denominated in a second currency. A FOREX system includes a third storage media for storing and transferring asset value denominated in the first currency and a fourth storage media for storing and transferring asset value denominated in the second currency. A first asset value amount, denominated in the second currency, to be transferred to the second storage media is determined. The FOREX system determines a third asset value amount denominated in the first currency, based on a second asset value amount denominated in the second currency. The first storage media transfers the third asset value amount to the third storage media, and the fourth storage media transfers the second asset value amount to the second storage media.

Description

[0001] Cross References to Related Applications [0002] This application is based upon and claims the benefit of US Provisional Patent Application No. 61 / 612,779, filed March 19, 2012, the entire contents of which are hereby incorporated by reference. technical field [0003] The present invention relates to systems for making payments by securely moving assets between storages held by participants in the system, and in particular to methods and systems for implementing automated foreign exchange (Forex) functionality in asset storage and transfer systems . Background technique [0004] refer to Figure 1a and 1b , according to the applicant's PCT Patent Publication Nos. WO2011 / 032257 and WO2011 / 0322717, the asset storage and transfer system 2 comprises at least two storage media 4 configured to exchange messages via a communication medium 6, wherein the entire contents of both publications are hereby expressly Incorporated herein by reference. Each storage medium 4 incl...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/08G06Q20/10G06Q40/04
CPCG06Q20/381G06Q30/06G06Q20/10G06Q40/04G06Q20/20
Inventor D.埃弗雷特
Owner ROYAL CANADIAN MINT