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Title:
SYSTEM AND METHOD FOR CURRENCY CONVERSION RELATED TO CREDITS REDEEMABLE IN A VARIABLE VALUE TRANSACTION
Document Type and Number:
WIPO Patent Application WO/2013/043759
Kind Code:
A3
Abstract:
A system and method of converting currency items to credits that are redeemable in a variable value transaction are disclosed. Converting currency items to credits allows the credits to be used for satisfying an initial balance or a remaining balance of the variable value transaction involving a piece of media content. The conversion may include receiving a unique customer identifier identifying a customer, receiving a unique identifier of the currency items, and determining whether the currency item is valid for being converted to a credit. If the currency item is valid, a conversion ratio of the currency items to credits may be retrieved and a quantity of the credits may be calculated from the currency items, based on the conversion ratio. The quantity of the credits may be issued to the customer in a credits database. Invalid currency items may be rejected for conversion to the credit.

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Inventors:
LAVU RATNAKAR (US)
MASKATIA IMRAN (US)
REHMANI SAAD (US)
RUBINSTEIN JASON (US)
WILLIAMS HEIDEMARIE (US)
Application Number:
PCT/US2012/056160
Publication Date:
May 23, 2013
Filing Date:
September 19, 2012
Export Citation:
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Assignee:
REDBOX AUTOMATED RETAIL LLC (US)
LAVU RATNAKAR (US)
MASKATIA IMRAN (US)
REHMANI SAAD (US)
RUBINSTEIN JASON (US)
WILLIAMS HEIDEMARIE (US)
International Classes:
G06Q30/06; G06Q20/24; G06Q50/10
Foreign References:
US20100223118A12010-09-02
US20070043641A12007-02-22
US7899750B12011-03-01
US20100057553A12010-03-04
KR20080054320A2008-06-17
Other References:
See also references of EP 2758926A4
Attorney, Agent or Firm:
MURAFF, James P. et al. (Gerber & Eisenberg LLPTwo North Lasalle Street,Suite 170, Chicago IL, US)
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