Methods and systems for exchanging and/or transferring various forms of value
View Patent ↗Methods and systems for exchanging various forms of value, including coins, currency, credit, debit, and/or bank account funds, for prepaid cash cards, credit cards, phone cards, and the like. In one embodiment, a value exchange machine includes a coin input region, a coin sorting/counting apparatus, a card reader, and a communications facility configured to communicate with a remote computer network. In another embodiment, a value exchange system includes one or more of the value exchange machines connected to one or more remote computers via a communications link. A user wishing to purchase, for example, a prepaid cash card can visit one of the value exchange machines, select the desired transaction, and pay for the card with coins, currency, a credit card, a debit card, and/or bank account funds. After confirming payment, the value exchange machine dispenses the card to the user.
1. A computer-implemented method for distributing prepaid cards, the method comprising:
providing a consumer-operated kiosk having a display screen, a coin counting apparatus, a communications facility, a first card reader configured to read information off cards provided by users, and a second card reader configured to read information off new prepaid cards dispensed from within the kiosk;
displaying a plurality of transaction options via the display screen, wherein a first transaction option corresponds to receiving a new prepaid card from the kiosk, a second transaction option corresponds to reloading an existing, user-owned prepaid card with the kiosk, and a third transaction option corresponds to transferring funds to an on-line account for making on-line purchases, wherein each of the transaction options is available to users in exchange for coins, credit, or both coins and credit;
receiving a user selection corresponding to at least the first transaction option;
reading information off a first card submitted to the first card reader by the user;
sending at least a portion of the information read off the first card to a first remote computer via the communications facility to receive authorization to charge a dollar amount to an account associated with the first card to at least partially pay for a second card, wherein the second card is a new prepaid card held within the kiosk;
receiving authorization from the first remote computer to charge the account associated with the first card submitted by the user;
in response to receiving the authorization from the first remote computer, retrieving the second card from within the kiosk and automatically reading an identification number from the second card with the second card reader;
transmitting the identification number to a second remote computer via the communications facility, whereby the identification number is associated with a first portion of the dollar amount in a remote database;
after reading the identification number from the second card, dispensing the second card to the user from the kiosk; and
transferring a second portion of the dollar amount to an on-line account for making on-line purchases.
2. The method of claim 1 wherein communicating with a first remote computer to receive authorization includes receiving a first portion of payment for the second card, and wherein the method further comprises receiving a second portion of payment from the user for the second card, the second portion of payment including a plurality of coins.
3. The method of claim 1 wherein communicating with a first remote computer to receive authorization includes receiving a first portion of payment for the second card, and wherein the method further comprises receiving a second portion of payment from the user for the second card, the second portion of payment including a plurality of nonsequentially received randomly oriented coins of at least two different denominations.
4. The method of claim 1 wherein communicating with a first remote computer to receive authorization includes receiving a first portion of payment for the second card, and wherein the method further comprises receiving a second portion of payment from the user for the second card, the second portion of payment including one or more pieces of paper currency.
5. The method of claim 1 , further comprising receiving an input from the user defining a value for the second card.
6. The method of claim 1 , further comprising:
receiving a first input from the user defining the dollar amount charged to the account of the user for at least partial payment for the second card; and
receiving a second input from the user, the second input being related to at least one of identification of the account and access to the account of the user.
7. The method of claim 1 wherein reading information from the first card submitted by the user includes reading information from at least one of a wallet-sized credit card, debit card, phone card, and smart card.
8. A consumer-operated kiosk system comprising:
means for displaying a plurality of transaction options to a user, wherein a first transaction option corresponds to receiving a new prepaid card from the kiosk, a second transaction option corresponds to reloading an existing, user-owned prepaid card with the kiosk, and a third transaction option corresponds to transferring funds to an on-line account for making on-line purchases;
means for receiving at least one of coins, cash, credit or debit from the user in exchange for at least one of the transaction options;
means for receiving a user selection corresponding to at least the first transaction option;
means for reading information off a first card submitted by the user and sending at least a portion of the information to a first remote computer;
means for receiving authorization from the first remote computer to charge a dollar amount to an account associated with the first card;
means for retrieving a second card from within the kiosk and dispensing the second card to the user, wherein the second card is a new prepaid card associated with a first portion of the dollar amount; and
means for transferring a second portion of the dollar amount to an on-line account for making on-line purchases.
9. The consumer-operated kiosk system of claim 8 wherein the means for transferring include means for transferring the second portion of the dollar amount to an e-wallet for making on-line purchases.
10. The consumer-operated kiosk system of claim 8 , further comprising means for receiving user input defining at least one of the first and second portions of the dollar amount.
11. The consumer-operated kiosk system of claim 8 , further comprising means for dispensing a unique code to the user, wherein the unique code enables the user to make on-line purchases with the on-line account.
12. A consumer-operated kiosk comprising:
a display screen configured to display a plurality of transaction options, including a first transaction option corresponding to receiving a new prepaid card from the kiosk, a second transaction option corresponding to reloading an existing, user-owned prepaid card with the kiosk, and a third transaction option corresponding to transferring funds to an on-line account for making on-line purchases;
a card reader configured to read information off a first card submitted by a user;
a communications facility configured to send at least a portion of the information read off the first card to a first remote computer for authorization to charge a dollar amount to an account associated with the first card, wherein the communications facility is further configured to:
facilitate transfer of a first portion of the dollar amount to an account associated with a second card held within the kiosk; and
facilitate transfer of a second portion of the dollar amount to an on-line account for making on-line purchases; and
a card dispenser configured to dispense the second card to the user from within the kiosk.
13. The consumer-operated kiosk of claim 12 , further comprising a coin counting apparatus configured to count a plurality of coins received from the user to determine a value, wherein all or a portion of the coin value can be applied to one or more of the first, second, or third transaction options.