US Patent 7559418 Method of exchanging coins involving non-cash exchange options
Patent 7559418 was granted and assigned to Balance Innovations on July, 2009 by the United States Patent and Trademark Office.
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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.
US Patent 07559418 Method of exchanging coins involving non-cash exchange options US Patent 7559418 Method of exchanging coins involving non-cash exchange options
US Patent 07559418 Method of exchanging coins involving non-cash exchange options
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