Search International and National Patent Collections

1. (WO2018080321) TRANSACTION SYSTEM AND METHOD OF THE SAME

Pub. No.:    WO/2018/080321    International Application No.:    PCT/NO2017/050277
Publication Date: Fri May 04 01:59:59 CEST 2018 International Filing Date: Sat Oct 28 01:59:59 CEST 2017
IPC: G06Q 20/20
G06Q 20/32
G06Q 20/38
G06Q 20/40
Applicants: INNOGNITE LTD
Inventors: SELJESETH, Kay
Title: TRANSACTION SYSTEM AND METHOD OF THE SAME
Abstract:
The invention relates to a method and payment management system for removing change for cash transactions, comprising at least one point of sale, at least one financial service in electronical communication with the at least one point of sale, wherein the at least one point of sale is configured to receiving, from a customer, a payment of an amount exceeding a total amount due, acquiring a customer identity from the customer, processing the payment, the processing including calculating a surplus amount as the difference between the received payment and the total amount due, transferring the surplus amount to the at least one financial service over the electronical communication, and the at least one financial service is configured to transferring the surplus amount to the customer based on the customer identity.