Patent ID: 8321342
Filing Date: 2012-11-27
Classification: G06Q

Abstract:
1. A computerized method to accept and settle cash transaction payments from an unbanked consumer having no banking account and/or credit card, said computerized method comprising the steps of: a. initiating a non-store retailing, cash transaction between said unbanked consumer and a merchant; and wherein said consumer is remote from said merchant; b. electronically communicating transaction information from said merchant to a central processing unit having a memory and a processor and being hosted and/or maintained by an intermediate, third-party service provider, and wherein said central processing unit is remote from said merchant and from said consumer; c. subsequent to steps a and b, automatically generating a unique transaction identifier by said central processing unit for said non-store retailing, cash transaction; d. electronically storing said transaction information and said unique transaction identifier at said central processing unit; e. communicating said unique transaction identifier from said central processing unit to said merchant; f. subsequent to step e, receiving said unique transaction identifier from said consumer at a payment processing unit, wherein said payment processing unit is remote from said merchant and from said central processing unit, wherein said payment processing unit is maintained by said service provider, wherein said payment processing unit consists of a customized, unmanned kiosk having a single button display screen for accessing at least said transaction information, and wherein said kiosk is constructed to accept cash payments from said consumer; g. electronically communicating said unique transaction identifier from said payment processing unit to said central processing unit; h. electronically validating said unique transaction identifier using said central processing unit; i. receiving a cash payment from said consumer for said non-store retailing, cash transaction at said payment processing unit; and j. subsequent to step i, remitting a non-cash equivalent of said cash payment from said service provider to said merchant.