The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 25, 2007
Filed:
Oct. 26, 2001
Melissa Alarcon-luther, Arlington, VA (US);
Debra C. Fellner, Wilmington, DE (US);
Barry M. Sabloff, Winnetka, IL (US);
Frank Charles Schell, Iii, Chicago, IL (US);
Peter Mark Mesrobian, Kenilworth, IL (US);
Ginger Griffin, Winnetka, IL (US);
Michelle Dorion, London, GB;
Gus Karris, Hawthorn Woods, IL (US);
Melissa Alarcon-Luther, Arlington, VA (US);
Debra C. Fellner, Wilmington, DE (US);
Barry M. Sabloff, Winnetka, IL (US);
Frank Charles Schell, III, Chicago, IL (US);
Peter Mark Mesrobian, Kenilworth, IL (US);
Ginger Griffin, Winnetka, IL (US);
Michelle Dorion, London, GB;
Gus Karris, Hawthorn Woods, IL (US);
JP Morgan Chase Bank, N.A., New York, NY (US);
Abstract
The invention provides a currency selectable stored value instrument, whose currency may be chosen or converted at the time value is loaded, after load but prior to redemption of value, at the time of redemption, or at other times. One embodiment of the system is configured so that the stored value instrument may be a plastic card with a magnetic stripe, compatible with card readers on Automated Teller Machines (ATMs) or other terminals. In one embodiment, U.S. dollars may be converted to Mexican pesos when the stored value instrument is loaded at an ATM or other location in the United States. A user may subsequently redeem that value for legal tender in pesos at an ATM located in Mexico, for example, or for goods, services, or cash in other currencies.