Richard Simon Aarons

US Patent:

20020091603, Jul 11, 2002

Filed:

Dec 7, 2001

Appl. No.:

10/011695

Inventors:

Billy Steiger - Ovilla TX, US
Dorilyn Sletten - Maple Grove MN, US
Richard Aarons - Plymouth MN, US

International Classification:

G06F017/60

US Classification:

705/035000

Abstract:

A system used by a transaction processing company/issuer charges a trustee for payment instruments prepared from a sequence of blank payment instruments that the issuer physically delivers to the trustee for use to sell and issue money orders. The system also permits the issuer and trustee to fulfill a money transfer payout transaction, by using the same blank payment instrument stock for printing of a proper payment instrument and providing a controlled and documented shift of responsibility for individual instruments in the sequence of instruments during a mix of money order sales and money transfer payout transactions.