Payment transfer holder

Abstract

The scope of the described invention is intended to include all embodiments coming within the meaning of the following claims. The foregoing examples illustrate useful forms of the invention, but are not to be considered as limiting its scope, as those skilled in the art will be aware that additional variants and modifications of the invention can readily be formulated without departing from the meaning of the following claims.

Description

FIELD OF INVENTION AND BACKGROUND OF THE INVENTION[0001]The present invention relates to a method of payment useful in a situation where both payer and payee are present.[0002]More particularly, the invention provides a holder for a means of payment, the holder carrying a surface whereon a customer may write the sum to be charged in return for goods or services, whereafter the payer (customer) passes the holder to the payee (supplier) who receives payment and then returns the holder to the customer.[0003]The holder when in use will contain a paper banknote, a cheque or a credit card. Holders for storing payment means in general and for a credit card are well known. They are constructed and used invariably for securely keeping the credit card to prevent its loss and protecting the magnetic strip disposed on a major face and running therealong near a major edge. For example, the card holder described in U.S. Pat. No. 5,431,207 to Siegel et al. relates to card holders or card-carrying ...

AI Technical Summary

Benefits of technology

"The present invention provides a holder for means of payment that allows for fast and accurate payment in complex or simple situations. The holder has at least one cut or open edge that allows for easy insertion and removal of the payment means. The holder also has a surface where the customer can write the sum to be charged from the payment means, making the payment process easier. Overall, the invention aims to improve the payment experience and make it more efficient."

Problems solved by technology

There are however situations wherein the described prior art arrangement is inadequate: Situation 1: a group of several diners eat at a table together, yet each wishes to pay for his / her own meal.

The chances of making an erroneous charge are high.

It is clear that when the waiter receives a plurality of credit cards he cannot utilize the method of corresponding each check, and each payment slip, even when marked with a table number to the particular diner sitting at this table.

Finally, if one or more of the customers wishes to tip the waiter, he cannot relate the tip or any part thereof to a particular customer.

The waiter is then faced with a complex situation, the likely result being that customers are over / under charged.

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