US Patent Issued to Gelliner on March 25 for "Exchanging physical cash with an electronic funds account" (Null, South African Inventors)

ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,382, issued on March 25, was assigned to Gelliner Ltd. (Douglas, Isle of Man).

"Exchanging physical cash with an electronic funds account" was invented by David de Villiers (Ballito, South Africa) and Martin Paul Moshal (Queens Way Quay, Gibraltar).

According to the abstract* released by the U.S. Patent & Trademark Office: "A withdrawer computing device may send to an application server device a cash withdrawal request for a cash withdrawal of an amount of physical cash. The withdrawer computing device may then receive from the application server device a quote of a cash withdrawal fee for the cash withdrawal, obtain an acceptance of the quote, and send a notification of the acc...