405 results about "Monetary value" patented technology

The apparatus and method of the present invention provide secure auction service for use in a network having servers and bidding terminals. The auction service makes transactions among servers and bidding terminals subject to a distributed protocol. The distributed protocol distributes submitted bids among the multiple servers, closes a bidding period, verifies validity of monetary value of each submitted bid by utilizing said distributed protocol and determines a winning bidder.

A system and method for spending loyalty points over a computerized network to facilitate a loyalty point transaction is disclosed. The system enables a participant of a loyalty program to accept an advance of loyalty point when a loyalty account balance is insufficient to make a desired purchase. An amount of loyalty points available as an advance to a participant is determined based on a number of criteria related to the participant, financial account activity, and loyalty account activity. The participant is allotted a predetermined length of time to earn or purchase enough loyalty points to repay the balance of advanced loyalty points. If, at the conclusion of such predetermined length of time, sufficient points have not been earned to offset the loyalty point advance, the participant is charged the currency value of each outstanding loyalty point. The participant may be assessed interest charges and/or fees at the time of the loyalty point advance, during reimbursement, or at the end of a time period for reimbursement.

A personal communication and electronic commerce system for use by participating users and participating merchants in connection with incentive programs in the Network Economy. The system includes a cellular communication network that includes geographically spaced base stations that are linked to a fixed communication network. Users may have personal communication devices that can be used to allow a digital message generated on the personal communication devices by placing a call through one of the base stations and memory for storing a digital value corresponding to a monetary value. The personal communication device may also be used as a cellular position locator to determine one's geographic location and, if desired, to access information from a merchant information database containing information pertaining to a plurality of participating merchants located within the geographic territory covered by the cellular communication network. The merchant information may be stored on a database that is accessible by merchants so those merchants can add, delete or alter information contained in their respective listings. An incentive system is also provided for creating incentives for participating users to encourage. This computer implemented incentive program for encouraging certain participant actions includes a first reward program under which participants may earn points for certain actions and a second reward program through which the redemption rate associated with a particular participant is adjusted in response to certain participant action. The incentive program has a wide range of applications, including transportation, financial services and computer gaming.

The present invention involves spending loyalty points over a computerized network to facilitate a transaction. With this system, a loyalty program participant is able to use an existing transaction card to purchase an item over a computerized network, while at the same time offsetting the cost of that transaction by converting loyalty points to a currency value credit and having the credit applied to the participant's financial transaction account. Currency credit from converted loyalty points may also be applied to stored value cards, online digital wallet accounts and the like. Further, currency credit may also be applied to other accounts to effect a gift or donation.

Non-Subjective Valuing ©& is a computer-assisted valuing system for discovering both an entity's actual current societal monetary value and its contemporary monetary worth specifically to the inquiring individual person, group or corporation, providing a user with such target entity's retail and wholesale prices along with its true worth and specific value to the explorer, employing as yardstick the NORM, which is the hypothetical unit in any group that is accurately calculated to be both precisely average in every one of its collectively discoverable characteristics and its price, to which NORM yardstick the present invention compares any test unit in that group on a natural, quantified point basis to obtain such precise current monetary worth of any such test unit, employing a specially conceived, designed and explained organic application of inductive statistics, accurate sampling, central tendency, and statistical inference, for calculating; drawing scientifically valid conclusions about surveying a constantly and factually representative community (such as the United States, 1999, for example), combined with certain new discoveries and unique, novel processes, as set forth herein, enabling Non-Subjective Valuing ©& instantly and conclusively to empower a prospective trader objectively to compare the contemporary monetary values of any and all competing units in or out of any probed group, regardless of such competing units' respective current prices.

A smart card stores monetary values and selectively transfers monetary values to and receives monetary values from a compatible smart card. The smart card includes a data storage device that stores data representing monetary values. Control circuitry controls the transfer of the monetary values into the data storage device and controls the transfer of the monetary values out of the data storage device. A data transfer interface couples directly to a like interface on the compatible card to enable data to be transferred between the smart card and the compatible card. A system for electronic transfer of monetary values includes first and second smart cards. Each of the first and second smart cards includes a data storage device that stores data representing monetary values.

The communication device comprising a voice communicating implementer, a payment monetary value data transmitting implementer, a remaining monetary value data updating implementer, an automated supplementary monetary value data adding implementer, and a simultaneous implementation implementer.

A check processing system and method comprising utilizes an image scanner that produces an electronic image of a check upon scanning of the check. The system and method receive the electronic image of the check from the image scanner, receive point-of-sale data generated at a point-of-sale, determine a monetary value of the check from the electronic image of the check, and reconcile the determined monetary value of the check with the point-of-sale data so that the check is correlated with a transaction that occurred at the point-of-sale.

A sensor incentive method provides a sensor adapted to function with an installed base of conventional physiological instruments. An incentive is associated with the sensor in connection with a sensor purchase. The incentive is applied to a qualified physiological instrument purchase so as to motivate or otherwise enable the upgrade or replacement of the installed base with advanced physiological instruments. The accumulation of multiple incentives may also apply to the purchase. In one embodiment, a coupon is associated with the sensor purchase, the coupon having a monetary value applicable to the purchase of advanced physiological instruments. The coupon is redeemed for the monetary value during the qualified purchase. Multiple coupons may be accumulated and redeemed for the monetary value times the number of coupons.

A financial transaction processing system for use at a point of presentment includes an input receptive of an image of a physical item at least partially embodying a financial transaction, wherein the image contains a visual record of an amount of monetary value. An image recognition module is adapted to extract the amount of monetary value recorded in the image and recognize the amount using character recognition. A validation module is adapted to determine whether the transaction is valid based on a validation characteristic of an item. A balancing module is adapted to determine whether the transaction is balanced based on the amount of monetary value. An output is adapted to transmit information indicating whether the transaction is at least one of balanced and valid.

A gaming voucher is printed with first and second machine readable indicia. The first machine readable indicia represents a unique gaming voucher number. The monetary value of the gaming voucher and additional information about the gaming voucher is stored in a database remote from the gaming machine in association with the unique gaming voucher number. The second machine readable indicia represents the asset number of the gaming machine that produced the gaming voucher, the value of the gaming voucher, and a portion of the unique gaming voucher number. The gaming voucher is self-validating during a counting process in a count room, and thus no access to the remote database is required to initially verify the authenticity of the gaming voucher. The information encoded in the first and second machine readable indicia may also be used in conjunction with the data in the remote database during a voucher redemption process to verify the authenticity of the gaming voucher.

This disclosure relates to a safeguard system on networked gaming devices. The safeguard system measures how much monetary value is output by a particular gaming device, in any form. If the gaming device has delivered an amount of value that is over a threshold amount, a warning is generated. The warning could be a visual or audio warning on a central controller, or could be an audio signal transmitted to floor personnel. Embodiments of the safeguard system include timers so that the performance of the gaming device can be independently measured over one or more time periods. The safeguard system is operable with gaming devices that accept and pay only physical currency, those that accept and pay in both physical currency and electronic methods, and those that only accept and pay by electronic methods. Some embodiments are able to remotely shut down the gaming device if the device is suspected of being cheated or malfunctioning.

A device and method is provided to create an anonymous account to play a wager-based game of chance on an mobile gaming device comprises obtaining a cashless ticket voucher having a unique identifier, the cashless ticket voucher having a monetary value, inputting the unique identifier into the mobile gaming device to expend the monetary value of the cashless ticket voucher, validating the unique identifier, and generating a game of chance on the mobile gaming device if the unique identifier is validated.

Systems and methods are provided for facilitating an acquisition from a merchant, whereby payment for the acquisition is made at least partially through automated redemption of loyalty points from a loyalty account. In particular, information is received at a loyalty point exchange system from the merchant. The information may include loyalty data indicating that the acquisition was paid for using a transaction card account that is to be reimbursed using loyalty points from the loyalty account. The loyalty account is debited by an amount equal to a currency value of the acquisition and the transaction card account is credited the amount charged for the acquisition. Loyalty points may, alternatively, be used to directly pay for purchases without the steps of charging and crediting a transaction card.

Systems and Processes allow for sales, validation, rewards and dispense of prepaid debit cards and the like, which may have multiple personalities and may be offer and market under a vast plurality of names. Said prepaid debit card is prepaid with the monetary value loaded on the card on fixed amounts or variable desired amounts, and the payment mode use of cash and/or the amount charged to another bank card (credit, debit, bank card, ATM, checks, and the like). Deliver only after a validation signal authorizes such deliver at point of sales or cash registers location at retail stores, services providers, businesses or entities, through the U.S. Postal Service, overnight facilities or by Automated Teller Machines with dispensing debit card feature. The said prepaid debit card is not linked to bank accounts or any other bank equity instrument, retailers, banks as well as other institutions, associations or entities may become issuers after been licensed.

A system for providing cash to users in a merchandise delivery environment such as a fast food drive-through environment. The system includes a customer request station (212, 262, 288, 300, 322, 378) at which the customer is enabled to input a request for merchandise as well as an input corresponding to a request to receive cash. The customer is further enabled to input to the customer request station information corresponding to a source of monetary value which the customer may charge against for ordered merchandise or for the amount of cash requested. The customer may receive the cash directly at a customer request station. Alternatively, a computer may operate to correlate an identifying input associated with the customer or the transaction, and the request to receive the amount of cash. The customer may then move to a cash delivery station (216, 338). In response to the customer providing the identifying input at the cash delivery station, the customer receives a portion or all of the requested cash. The customer may then move to a merchandise delivery station (222, 292, 304, 316, 324, 342) at which the customer may receive the ordered merchandise. The customer may also receive the balance of any amount due such as coin, at the merchandise delivery station or other change delivery location.

A coupon issuing apparatus for a gaming machine is provided which comprises a hopper 2 for containing a plurality of blank coupon, a conveyer means 20 for discharging a blank coupon from the hopper 2 and transporting the blank coupon along a passageway 14, and a printer 19 provided in the vicinity of the passageway 14 for printing given gaming information on the moving blank coupon to easily dispense valuable coupons at player's request by printing monetary value on the blank coupon by the printer 19.

A method for acquiring and distributing entertainment items, information representative of monetary funds, and/or commercial products, some or all which maybe combined or bundled in a single package. Goods and services are first identified. Advertising is provided for at least one commercial product. The advertising includes a predetermined code associated with the commercial product. The commercial product is sold and, upon acceptance of the predetermined code, a second commercial product or an entertainment item or a medium containing information representative of monetary funds is provided as a single entity or transaction.

A payment system for use with electronic payment devices. Electronic payment cards (e.g. "Smart Cards"), may be used with one or more payment stations (e.g. electronic cash registers). The payment stations are designed for receiving, during a payment transaction, a monetary value by crediting, in the payment station, a first value, and debiting, in the payment means, a second value corresponding to the first value. The first and second values may be expressed in different calculation units, such as currencies of different countries. The system furthermore offers a payment device for application in such a system, and a method for effecting a payment transaction with an electronic payment means.