Abstract: A financial transaction system includes a governing host having a database for registering parties wishing to perform a financial transaction and processing the financial transaction. A discrete point-of-sale (POS) terminal interfaces with one party wishing to initiate a financial transaction with another party. The discrete POS terminal has a local transaction process providing for initial validating and enforcing of business rules governing the transaction with the one party and generating a transaction key confirming that the transaction is authorised on validating the transaction with the governing host. A facilitator device reads the transaction key on being supplied with same by the one party and communicates with the governing host to complete the transaction using the facilitator POS terminal.
Type:
Grant
Filed:
November 30, 2017
Date of Patent:
February 25, 2020
Assignee:
Cullinan Consulting Group Pty Ltd.
Inventors:
Philip Leslie Course, Frank Ajzensztat, Wens Peter Brinkman
Abstract: A financial transaction system includes a governing host having a database for registering parties wishing to perform a financial transaction and processing the financial transaction. A discrete point-of-sale (POS) terminal interfaces with one party wishing to initiate a financial transaction with another party. The discrete POS terminal has a local transaction process for initial validating and enforcing of business rules governing the transaction with the one party and generating a transaction key confirming that the transaction is authorized on validating the transaction with the governing host. A facilitator device reads the transaction key on being supplied with same by the one party and communicates with the governing host to complete the transaction using a facilitator POS terminal. The discrete POS terminal is located separately and can be accessed and operated independently by the one party offline of any point-of-sale activity involving the facilitator POS terminal and the facilitator device.
Type:
Grant
Filed:
March 15, 2013
Date of Patent:
December 5, 2017
Assignee:
CULLINAN CONSULTING GROUP PTY LTD.
Inventors:
Philip Leslie Course, Frank Ajzensztat, Wens Peter Brinkman
Abstract: A financial transaction system includes a governing host having a database for registering parties wishing to perform a financial transaction and processing the financial transaction. A discrete point-of-sale (POS) terminal interfaces with one party wishing to initiate a financial transaction with another party. The discrete POS terminal has a local transaction process for initial validating and enforcing of business rules governing the transaction with the one party and generating a transaction key confirming that the transaction is authorised on validating the transaction with the governing host. A facilitator device reads the transaction key on being supplied with same by the one party and communicates with the governing host to complete the transaction using a facilitator POS terminal. The discrete POS terminal is located separately and can be accessed and operated independently by the one party offline of any point-of-sale activity involving the facilitator POS terminal and the facilitator device.
Type:
Application
Filed:
March 15, 2013
Publication date:
September 18, 2014
Applicant:
CULLINAN CONSULTING GROUP PTY LTD.
Inventors:
Philip Leslie Course, Frank Ajzensztat, Wens Peter Brinkman