System And Method For Electronic Money Transfer Of Fractional Amounts

  • Published: Sep 24, 2015
  • Earliest Priority: Mar 24 2014
  • Family: 7
  • Cited Works: 1
  • Cited by: 0
  • Cites: 5
  • Additional Info: Full text
Abstract

The present invention concerns a system and method for implementing the manipulation and the transfer of money representing an amount of money that is not a multiple of the smallest face value of banknotes used in the monetary system. Such an amount of money may be divided in an amount being a multiple of the smallest face value of banknotes used in the monetary system and a reminder of a value lower than the smallest face value of banknotes called a fractional amount in the following. It is proposed to manage the fractional amount of money using fraction of banknotes in a clearing mechanism. The data structure representing a banknote may be tagged as fractioned and associated to a counter of value units in the electronic wallet corresponding to the smallest value being manipulated in the system. These value units may be exchanged between two fractioned electronic banknotes.


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Document History
  • Publication: Sep 24, 2015
  • Application: Mar 18, 2015
    US US 201514661476 A
  • Priority: Mar 24, 2014
    EP EP 14305418 A

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