Patent ID: 8714445

Claim:
A method of operating a monetary value transfer system for the conveying of monetary value between at least two parties, using a computer system, said method comprising the following steps: using one or more processors to execute instructions retained in a machine-readable storage media to cause the computer system to cause a display of one or more screens for use in executing said method; requesting, by a first party, of a total amount of monetary value to be in one or more desired incremental monetary amounts; providing a payment, by the first party, for said total amount of monetary value; requesting, by an administrator, of a personal identification number (PIN); entering, by the first party, of an alpha-numeric-symbolic PIN; issuing, by the administrator, of one or more QwikCash tickets; each of said one or more QwikCash tickets comprising a machine scannable globally unique identifier (GUID), each of said one or more GUIDs of said one or more QwikCash tickets corresponding respectively to one of said desired incremental monetary amounts, and all of said GUIDs additively corresponding to said total amount of monetary value; each of said QwikCash tickets further comprising a textual reference denoting its incremental monetary amount and comprising a textual reference identifying issuance of said PIN; activating, by the administrator, of said one or more QwikCash tickets by associating said PIN, within an administrator database in said storage media, with each of said one or more GUIDs of said one or more QwikCash tickets, and with its respective incremental monetary amount; delivering, by the administrator, of the one or more QwikCash tickets to the first party; remitting, by the first party to the second party, being a merchant, of at least a first one of said one or more QwikCash tickets in exchange for goods or services; verifying, by the merchant, of said at least a first QwikCash ticket being active, by scanning, by the merchant, of said GUID of said remitted QwikCash ticket, using point-of-sale scanning equipment, and entering therein of said PIN; communicating of said scanned GUID and PIN to the administrator; verifying, by the administrator, of said remitted QwikCash ticket remaining active by comparing said scanned GUID and PIN with said associated GUID and PIN in the administrator database; receiving, by the merchant, of a reply from the administrator confirming or denying said GUID remaining active for said at least a first QwikCash ticket; and wherein when said remitted QwikCash ticket remains active: remitting payment, by the administrator, to the merchant; and deactivating, by the administrator, of said GUID of said remitted QwikCash ticket within said administrator database.