MOBILE CASH CHANGE MANAGEMENT SYSTEM AND METHOD, AND CONTRIBUTION AND SHARING SYSTEM AND METHOD ASSOCIATED THEREWITH

摘要

In some embodiments, a mobile cash change processing system for processing cash change to be returned to a user in return for cash payment transaction executed at a retailer location includes a server remotely operable to execute electronic monetary transactions between digitally stored accounts and having stored in association therewith: user account data associated with each of a plurality of registered user accounts; retailer account data associated with each of a plurality of registered retailer accounts; and sharing account data associated with each of a plurality of registered sharing accounts. The system further includes a digital mobile application operable on the user's mobile device to: invoke communication of a cash change return identifier to said server, receive identification of a sharing account associated with the retailer location; display a selectable sharing option to the user; and communicate user selection to said transaction server to invoke an electronic transfer of funds.

主权项

1. A mobile cash change processing system for processing cash change to be returned to a user in return for a cash payment transaction executed by this user at a given retailer location, the system comprising:
a monetary transaction server remotely operable to execute electronic monetary transactions between digitally stored accounts, said server having stored in association therewith:
user account data associated with each of a plurality of registered user accounts;retailer account data associated with each of a plurality of registered retailer accounts; andsharing account data associated with each of a plurality of registered sharing accounts, wherein each of said sharing accounts is directly or indirectly associated with a respective retailer account; a digital mobile application operable on the user's mobile device to:
invoke communication of a cash change return identifier associated with the cash payment transaction to said server, wherein said return identifier digitally identifies a cash change amount, a given user account associated with the user and a given retailer account associated with the cash payment transaction at the given retailer location, and wherein receipt of said communication by said server results in an increase to an available sharing balance associated with said given user account corresponding to said cash change amount to be debited from said given retailer account;receive identification of a given sharing account associated with the given retailer location;display a selectable sharing option to the given user via a graphical user interface of said mobile device in which information pertaining to said given sharing account is visibly rendered for the given user, wherein selection of said sharing option authorizes a monetary sharing amount to be transferred to said given sharing account from said available sharing balance; andcommunicate user selection of said sharing option to said transaction server in response to said user selection so to invoke an electronic transfer of funds corresponding to said sharing amount from said available sharing balance to said sharing account.