Method and System of Validating Cash Transactions
AssigneeSafe Take Cash (Pty) Ltd.
InventorAlwyn Van der Merwe
Life of this patent
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Abstract
A method and system of validating cash transactions which comprises capturing a unique identifier of a banknote, storing the unique identifier against a user identity of a user; and upon receiving the banknote as tender for payment, checking the unique identifier of the banknote against the user identity, requesting an authorization for release of the banknote for payment, and in response to receiving a successful authorization, transmitting an accept banknote message and in response to a failed authorization, transmitting a decline banknote message.
Claims29
A method of validating a cash transaction at a cash validation server of a cash transaction validation system, comprising:
- capturing a unique identifier of a banknote of a user;
- storing the unique identifier of the banknote against a user identity of the user in a database connected to the cash validation server;
- checking the unique identifier of the banknote against the user identity stored in the database when the banknote is received as tender for payment at a receiving Cash Processing Terminal (CPT);
- requesting an authorization from the user to release the banknote for payment;
- transmitting an accept banknote message to the receiving CPT when a successful authorization is received and
- transmitting a decline banknote message to the receiving CPT when a failed authorization is received.
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A system of validating a cash transaction, comprising:
- a cash validation server connected to a database, wherein a server-side cash validation application is installed on the cash validation server and
- a receiving Cash Processing Terminal (CPT), wherein a client-side cash validation application is installed on the receiving CPT and
- wherein the system of validating the cash transaction is to:
- capture a unique identifier of a banknote of a user;
- store the unique identifier of the banknote against a user identity of the user in the database;
- check the unique identifier of the banknote against the user identity stored in the database when the banknote is received as tender for payment at the receiving CPT;
- request an authorization from the user to release the banknote for payment;
- transmit an accept banknote message to the receiving CPT when a successful authorization is received and
- transmit a decline banknote message to the receiving CPT when a failed authorization is received.
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Dependencies are inferred from the claim text.