Systems and methods for money sharing
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United States of America Patent
Stats
-
Jun 19, 2012
Grant Date -
Apr 21, 2005
app pub date -
Oct 15, 2004
filing date -
Oct 17, 2003
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A system and a method for money sharing are provided. The system includes a processor configured to receive a deposit amount and assign an account value to a stored-value account. The stored-value account is stored in a storage device. The processor then dispenses two or more stored-value cards associated with the stored-value account. The stored-value cards can be distributed among two or more cardholders who may withdraw money from the stored-value account at a remote access unit configured to accept any of the distributed stored-value cards associated with the same account. Additional deposit amounts can be received into the stored-value account from a cardholder of any distributed stored-value cards associated with the same account. The remote access unit can be unattended. The cards can be ATM-enabled.
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