David O Romero

US Patent:

7416115, Aug 26, 2008

Filed:

Aug 15, 2005

Appl. No.:

11/203301

Inventors:

Donald C. Licciardello - Pennington NJ, US
Lawrence Greenberg - Newtown PA, US
Alex Peterhans - Skillman NJ, US
David Romero - Los Angeles CA, US
Debra Lynn Licciardello - Pennington NJ, US

Assignee:

American Cash Exchange, L.L.C. - Pennington NJ
American Cash Exchange, Inc. - Pennington NJ

International Classification:

G06K 5/00
G06F 17/00
G07F 19/00
G06Q 20/00

US Classification:

235380, 235375, 235379, 705 16, 705 17

Abstract:

This invention provides a system and method for authorizing automated value transfers from an account available to users who do not have a pre-existing trust, business or financial relationship. In an embodiment of the present invention, a Sender at a first location purchases a PIN Card at a point of sale, such as a retail location or a bank teller. The Sender contacts an intended Recipient at a remote location and discloses a Transfer PIN associated with the PIN Card, as well as the amount being transferred, to that intended Recipient. The Recipient needs only the Transfer PIN and a Cash Card to receive the money transfer at a participating remote location. To receive the value associated with the PIN Card, the Recipient inserts or swipes the Cash Card at an ATM and enters the Transfer PIN. An authorization system then authorizes the dispensing unit to dispense that value amount.

US Patent:

8038058, Oct 18, 2011

Filed:

Aug 25, 2008

Appl. No.:

12/230182

Inventors:

Donald C. Licciardello - Pennington NJ, US
Lawrence Greenberg - Newtown PA, US
Alex Peterhans - Skillman NJ, US
David Romero - Los Angeles CA, US
Debra Lynn Licciardello - Pennington NJ, US

Assignee:

American Cash Exchange, Inc - Pennington NJ

International Classification:

G06K 5/00
G06F 17/00
G07F 19/00
G06Q 20/00

US Classification:

235380, 235375, 235379, 705 16, 705 17

Abstract:

This invention provides a system and method for authorizing automated value transfers from an account available to users who do not have a pre-existing trust, business or financial relationship. In an embodiment of the present invention, a Sender at a first location purchases a PIN Card at a point of sale, such as a retail location or a bank teller. The Sender contacts an intended Recipient at a remote location and discloses a Transfer PIN associated with the PIN Card, as well as the amount being transferred, to that intended Recipient. The Recipient needs only the Transfer PIN and a Cash Card to receive the money transfer at a participating remote location. To receive the value associated with the PIN Card, the Recipient inserts or swipes the Cash Card at an ATM and enters the Transfer PIN. An authorization system then authorizes the dispensing unit to dispense that value amount.

US Patent:

20040164145, Aug 26, 2004

Filed:

Sep 4, 2003

Appl. No.:

10/654603

Inventors:

Donald Licciardello - Pennington NJ, US
Lawrence Greenberg - Newtown PA, US
Alex Peterhans - Skillman NJ, US
David Romero - Los Angeles CA, US
Debra Licciardello - Pennington NJ, US

International Classification:

G06F007/08

US Classification:

235/381000

Abstract:

This invention provides a system and method for authorizing automated value transfers from an account available to users who do not have a pre-existing trust, business or financial relationship. In an embodiment of the present invention, a Sender at a first location purchases a PIN Card at a point of sale, such as a retail location or a bank teller. The Sender contacts an intended Recipient at a remote location and discloses a Transfer PIN associated with the PIN Card, as well as the amount being transferred, to that intended Recipient. The Recipient needs only the Transfer PIN and a Cash Card to receive the money transfer at a participating remote location. To receive the value associated with the PIN Card, the Recipient inserts or swipes the Cash Card at an ATM and enters the Transfer PIN. An authorization system then authorizes the dispensing unit to dispense that value amount.