Patent ID: 8521649
Filing Date: 2013-08-27
Classification: G06Q

Abstract:
1. A computer-based funds transfer system comprising: a client device, the client device having a processor and a display; a transaction server computer system; a bar code reader; an establishment computer system, the bar code reader operatively coupled to the establishment computer system; and software running on the transaction server computer system, the software receives a payment initiation transaction from the client device, the payment initiation transaction includes a cash amount, the software allocates funds covering the cash amount, the software transmits a one-time code back to the client device in an approval transaction where a bar code representing the one-time code is displayed on the display of the client device; the bar code is read by the establishment computer system using the bar code reader; either a payer enters a purported amount into the establishment computer system or the payer provides the purported amount to a payee and the payee enters the purported amount into the establishment computer system; the establishment computer system converts the bar code into the one-time code and the establishment computer system sends a payment request transaction to the transaction server computer system, the payment request transaction includes the purported amount and the one-time code; and the software running on the transaction server computer system compares the purported amount to the cash amount and if the purported amount equals the cash amount and the one-time code is valid, the transaction server approves the payment request transaction, sends a payment confirmation transaction to the establishment computer system and debits the cash amount from the funds, and if the purported amount does not equal the cash amount or the one-time code is invalid, the transaction server denies the payment request transaction and sends a denial transaction to the establishment computer system; wherein, the payment request transaction further includes at least one additional item selected from the group consisting of a list of items purchased, quantities of each item purchased, a unit price of each item purchased, extended prices, tax, a name of an establishment, a phone number of the establishment, an identification of the recipient, a phone number of the recipient, a time, and a date, the at least one additional item recorded for report generation.