System and method for transfer of funds using preprinted sealed

Registers – Systems controlled by data bearing records – Banking systems

Patent

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Details

235381, 235487, 902 8, G06F 1760

Patent

active

061490571

ABSTRACT:
A currency transfer system provides for the transfer of currency between two countries in which different languages are spoken. The system includes a pre-printed envelope including imprinted indicia indicating a preselected currency amount, an envelope identification number, and a security code. The system also includes a remote terminal, a host computer, and a dispensing terminal. The remote terminal transmits the preselected currency amount, the security code and the envelope identification number to the host computer. The host computer authorizes the dispensing of the preselected currency amount by the dispensing terminal on receipt from the dispensing terminal of the security code.

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patent: 5832464 (1998-11-01), Houvener et al.

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