Method And System For Processing A Monetary Transaction

  • Published: Aug 18, 2016
  • Earliest Priority: Feb 13 2015
  • Family: 5
  • Cited Works: 0
  • Cited by: 3
  • Cites: 44
  • Additional Info: Full text
Abstract

Various aspects of a method and system for processing a monetary transaction are disclosed herein. The method includes registration, at a server, of a first virtual currency instrument that corresponds to a first account and one or more other virtual currency instruments that corresponds to one or more other accounts. The registered first virtual currency instrument is associated with a first value. The method further includes reception, at the server, of a redemption request of the registered first virtual currency instrument to process the monetary transaction. The received redemption request is higher than the first value associated with the registered first virtual currency instrument by an excess value. The method further includes redemption, at the server, the first value associated with the registered first virtual currency instrument and at least portions of one or more other values associated with the registered one or more other virtual currency instruments that correspond to the excess value, to process the monetary transaction.


Claims
Owners (US)
Download PDF
Document Preview
Document History
  • Publication: Aug 18, 2016
  • Application: Feb 13, 2015
    US US 201514621599 A
  • Priority: Feb 13, 2015
    US US 201514621599 A

Download Citation


Sign in to the Lens

Feedback