CASH REDEMPTION OF FUNDED PORTABLE CONSUMER TRANSACTION DEVICE WITHOUT PURCHASE TRANSACTION REQUIREMENTS

摘要

According to one implementation, a method is presentedfor redeeming cash from a funded Prepaid Portable Consumer TransactionDevice (PPCTD) without conducting a purchase transaction in a paymentprocessing apparatus. A first merchant at a first location receives atender for deposit into an account having an identifier. A second merchantat a second location tenders a PPCTD corresponding to the accountto a consumer in response to receiving the identifier from the consumer.In response to receiving from the consumer the tendered PPCTD and arequest for substantially the full value in the account, the second merchanttenders substantially the full value of the account to the consumer.The second merchant makes the tender without requiring that the consumerconduct a purchase transaction for the sale of a good or servicefrom the second merchant.