Funds distribution system connected with point of sale...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or...

Reexamination Certificate

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Reexamination Certificate

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06876971

ABSTRACT:
An automated way for sales establishments to extend point of sale (POS) cash transactions to allow consumers to save change or transfer discretionary funds into saving or donating accounts managed by a central clearinghouse. The system includes a network composed of consumers/payors with identification cards, neutral merchants who enter data and funds into remote POS terminals, central clearinghouse that offers/process accounts, and service providers for participating consumer/account holders, i.e. nonprofit giving, travel, mutual funds, savings, ets. The network provides consumers with a seamless, convenient, and painless way to save/donate every time they spend at multiple POS counter locations.

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“Children's Educ Fund: America's Elementary Schools Benefit from Children's Education Fund,” Business Wire, Nov. 2, 1990.*
“Kaneb Services: Kaneb Introduces VIATA Subsidiary; VIATA Offers Uniqu Point-of-Sale Services,” Business Wire, Jun. 27, 1991.*
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