Electronic funds transfer method and system

1 A method as claimed in claim 1 further comprising:

• Receiving a funds transfer request transmitted from an electronic payment device reader, wherein said value transfer request includes identifying information for a payables account and a receivables account, and includes a value transfer amount that corresponds to a value of barter received by a user of said electronic payment device reader to cause transmission of said value transfer request;
• and
• electronically transferring said funds transfer amount from said funds payable account to said funds receivable account in accordance with said funds transfer request

1 A method as claimed in claim 1.1 wherein said received barter is currency

1. A method as claimed in claim 1.1 wherein said funds are transferred in response to entry of a value transfer command at said electronic payment device.

3 A method as claimed in claim 1 wherein said value is transferred in response to entry of a value transfer command at said electronic payment device.

A method as claimed in claim 3 wherein value transfer command is entered by pressing a button on said electronic payment device.

A method as claimed in claim 3 wherein value transfer command is entered by pressing a key on a keyboard associated with said electronic payment device.

A method as claimed in claim 3 wherein value transfer command is entered by pressing a key on a keypad associated with said electronic payment device.

A method as claimed in claim 3 wherein value transfer command is entered by touching a region of a touch screen associated with said electronic payment device.

1 A method of effecting an electronic funds transfer, comprising:

• accepting barter from a customer, transmitting funds transfer information from an electronic payment device reader, wherein said funds transfer information includes funds payable account identifying information, funds receivable account identifying information and a request to transfer funds in an amount that corresponds to an amount of said accepted barter;
• and
• transferring said requested funds from a location identified in said funds payable account information to a location identified in said funds receivable account information in accordance with said funds transfer request.

An electronic payment device reader configured to provide a value transfer request that includes source virtual lock box identifying information, collection virtual lock box identifying information and a value transfer request that includes a funds transfer amount, wherein a transmission of said value transfer request data from said electronic payment device reader causes the electronic debiting of value from said source virtual lock box and the crediting of value to said collection virtual lock box.

1 An electronic payment device reader configured to provide a funds transfer request that includes funds payable account identifying information, funs receivable account information and a funds transfer request that includes a funds transfer amount, wherein a transmission of said funds transfer request data from said electronic payment device reader causes the electronic transfer of funds from said funds payable account to said funds receivable account.