David Joel Booth

US Patent:

20180096325, Apr 5, 2018

Filed:

Oct 4, 2016

Appl. No.:

15/285438

Inventors:

- Eustis FL, US
Steve Shamrock - Eustis FL, US
Christian Thomas Chicles - Orlando FL, US
Lydia Chicles - Orlando FL, US
David Michael Booth - Deltona FL, US
David Robert Newman - Dunnellon FL, US

Assignee:

NUMIS TECHNOLOGIES, LLC - Eustis FL

International Classification:

G06Q 20/20
G06Q 20/32

Abstract:

A system for converting physical coins into digital currency at a point of sale during a cash transaction at a retailer and related methods. A mobile app residing on a customer's mobile device communicates with a control module to manage the customer's account and obtain an identifier associated with the customer's account. During a cash transaction where physical change is due, the mobile device transmits the identifier to the point of sale. The point of sale transmits the identifier and the amount of change due to the control module. The control module confirms the identity of the customer using the identifier and directs a financial institution to move the amount of change due from the retailer's bank account to one or more designated bank accounts, one of which may be the customer's bank account.