System and method for creating digital currency

Registers – Systems controlled by data bearing records – Banking systems

Reexamination Certificate

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Reexamination Certificate

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07424970

ABSTRACT:
A system and method for creating digital currency has a first automated teller machine operably connected to a central computer. A program initiated on the first automated teller machine with an initiation button functions to enable the first automated teller machine to receive physical currency with a currency scanner, to determine a sum of currency. The program then signals the central computer to create an account in a database, and to create a unique alphanumeric code associated with the account. The account includes the sum of currency. The unique alphanumeric code includes a first portion that includes the sum of currency in digital form, and a second portion that is random or user determined.

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patent: 2006/0089893 (2006-04-01), Joseph et al.
patent: 2007/0168266 (2007-07-01), Questembert

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