Computer System and Computer-Implemented Method for Issuing a Deposit Code as a Substitute for Cash

A deposit server for issuing a deposit code as a substitute for cash, the deposit server comprising a processor configured to:

• receive, from a merchant apparatus, a deposit request, the deposit request comprising a deposit amount and a merchant identifier, the merchant identifier indicating at least a merchant account associated with a merchant;
• generate a deposit code associated with the deposit request, wherein the deposit code comprises at least a deposit identifier associated with the deposit request;
• create and store deposit code information associated with the deposit request and the deposit code, the deposit code information comprising the deposit identifier, the deposit amount, and the merchant identifier, wherein the deposit code information is stored in a deposit code database;
• and
• transmit a deposit response to the merchant apparatus;
• wherein the deposit response comprises at least the deposit code.

A computer-implemented method for issuing a deposit code as a substitute for cash, the method comprising:

• receiving, from a merchant apparatus, a deposit request, the deposit request comprising a deposit amount and a merchant identifier, the merchant identifier indicating at least a merchant account associated with a merchant;
• generating a deposit code associated with the deposit request, wherein the deposit code comprises at least a deposit identifier associated with the deposit request;
• creating and storing deposit code information associated with the deposit request and the deposit code, the deposit code information comprising the deposit identifier, the deposit amount and the merchant identifier, wherein the deposit code information is stored in a deposit code database;
• and
• transmitting, to the merchant apparatus, a deposit response, the deposit response comprising at least the deposit code for exchange with a customer in lieu of the cash deposit.