Computerized method to accept and settle cash transaction payments

摘要

A system and method is provided to accept and settle transaction payments for a consumer. The consumer initiates a transaction with a merchant, and the merchant transmits transaction information to a central processing unit using an initiating processing unit. The central processing unit generates a unique transaction identifier. The system may provide the merchant and consumer the nearest payment processing unit. At the payment processing unit, the consumer presents the unique transaction identifier, which is transmitted to the central processing unit for validation. The consumer makes payment at the payment processing unit, and the payment information is transmitted to the central processing unit. The system remits the payment to the merchant.

主权项

1. A computerized method to accept and settle cash transaction payments, said computerized method comprising the steps of:
initiating a non-store retailing, cash transaction between said unbanked consumer and a merchant; and wherein said consumer is remote from said merchant; b. electronically communicating transaction information from said merchant to a central processing unit having a memory and a processor and being hosted and/or maintained by an intermediate, third-party service provider, and wherein said central processing unit is remote from said merchant and from said consumer; c. subsequent to steps a and b, generating a unique transaction identifier by said central processing unit for said non-store retailing, cash transaction; d. electronically storing said transaction information and said unique transaction identifier at said central processing unit; e. communicating said unique transaction identifier from said central processing unit to said merchant; f. subsequent to step e, receiving said unique transaction identifier from said consumer at a payment processing unit, wherein said payment processing unit is remote from said merchant and from said central processing unit, wherein said payment processing unit is maintained by said service provider, wherein said payment processing unit is constructed to accept cash payments from said consumer; g. electronically communicating said unique transaction identifier from said payment processing unit to said central processing unit; h. electronically validating said unique transaction identifier using said central processing unit; i. receiving a cash payment from said consumer for said non-store retailing, cash transaction at said payment processing unit; and j. subsequent to step i, remitting an equivalent of said cash payment to said merchant.