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Browse Prior Art Database

Paperless (electronic) receipts for credit/debit card and cash transactions

IP.com Disclosure Number: IPCOM000127655D
Original Publication Date: 2005-Sep-07
Included in the Prior Art Database: 2005-Sep-07
Document File: 1 page(s) / 25K

Publishing Venue

IBM

Abstract

Millions of sales transactions take place everyday with many transactions ending up as a paper receipt to the customer. Over time, a lot of paper is wasted and the receipts may end up lost. To encourage better record keeping, reconciliations, impact to the environment, and use of technology, the enclosed solution aims to address the obvious shortcomings of paper receipts.

This text was extracted from a PDF file.
This is the abbreviated version, containing approximately 100% of the total text.

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Paperless (electronic) receipts for credit/debit card and cash transactions

Instead of receiving a paper receipt at a bank or a store accepting debit/credit cards, even cash transactions, an electronic receipt is proposed to be offered in three ways:

Delivered via email

Transferred to an electronic device, such as a PDA, Cellphone, or PocketPC (perhaps directly via 'docking' at the transaction site)

Stored at the respective financial establishment (online banking at a Mastercard/Visa, etc. establishment)

For purchases and banking:

Using an electronic signature device, the customer can sign for the transaction and enter an email address to receive the receipt (in some format such as PDF) or link the electronic signature device to their PDA, Cellphone, or PocketPC.

The e-receipt could be encrypted or otherwise secured (e.g. public/private key) as desired.

When a customer uses a credit/debit card for a purchase, the bank holding the credit/debit card account could receive the electronic receipt (includes signature).

The electronic receipts stored on a PDA, Cellphone, or PocketPC could be downloaded to a PC and pulled into Quicken or MS Money for automatic reconciliation.

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