Abstract: A method for accomplishing payment by means of bank notes (1) comprising the steps of—receipt of individual bank notes (1) by a provider (1?) of goods or services; —registration of a monetary value of the bank notes; —destruction of the bank notes received and registered and—transmission of data representing said monetary value of the received, registered and destroyed bank notes to a fmancial institution (11). The method is further characterized in the steps of—providing said individual bank notes to be received with an RFID-configuration (2, 4, 5) for identification of the bank notes, including the bank note monetary value; —detecting the RFID-configurations as a basis for said data representing the monetary value of the received, registered and destroyed bank notes.

Abstract: In a novel financial transaction system, a consumer exchanges payment means for goods or services provided by a retailer. The retailer then feeds the payment means, which may be in the form of bills or coinage, into a device which reads the value of the payment means. The value is transmitted to a financial institution for crediting to the account of the retailer. The retailer then destroys the payment means. The monetary value may be sent to the financial institution by electronic transmission, or may be written to a smart card. For security purposes, the information may be encrypted to require at least one code to allow writing and/or reading.