Method of exchanging coins involving non-cash exchange options

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 7559418
APP PUB NO 20040188221A1
SERIAL NO

10401191

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A method of exchanging coins that maximizes benefits to a host/operator of an implementing machine (10) and minimizes or eliminates any transaction charges to users of the machine (10) by providing users an establishment-specific or otherwise dedicated cash-substitute or other non-cash option in return for the coins. Possible exchange options include dispensing a disposable first type of cash-substitute device (40a,40b); storing a credit on a re-usable second type of cash-substitute device (44); making a charitable donation; and crediting an account. Because the establishment own or rents and operates the machine (10), exchanged coins can be used to replenish cash drawers or to replenish its coin dispensers or dispensing machines used, for example, at or by checkstands or self-checkout stands or self-service checkout systems, and because the exchange options are primarily establishment-specific, sales increase.

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Patent Owner(s)

Patent OwnerAddress
BALANCE INNOVATIONS LLC13400 W 99TH STREET LENEXA KS 66215

International Classification(s)

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Carter, Kenneth Lake Quivera , US 18 356

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