Patent Application
20180050553
The present invention relates to bill receipt adaptable to hold currency during transaction, and in particular, to manage currency transfer at POS, restaurants and other places where cashier issues bill.
Various systems and methods are existing to give back change or denominations after paying bills, and they are well known in commerce and industry sector. Over billions of cash transactions for less than $5 denomination occur per year around the world. Nearly all of these involve the currency that a cashier struggles to pull out of a drawer, or that a change dispenser dispenses. The customer, in general, loses the change multiple times, or generally doesn't care about the transaction. The businesses where cash is given in return as change, are hassled with the problem of the cashiers being subjected to continuously restock numerous pennies, nickels, dimes and quarters in order to enable smooth transactions and to avoid cash loss.
Each person in the United States uses about 749 pounds of paper every year. Almost 4 billion trees are cut down each year for paper use. The world uses 400 percent more paper now than 40 years before, and paper usage is everywhere. People use a whole sheet of paper just to note down a shopping list, and to print a small paragraph. Notices are printed on only one side of a sheet, and the other blank side of the notice is empty and unused.
Existing envelopes or notices are having advertising on the surfaces for promoting the facilities of the business entity, or bank from which the envelope or notice is issued. As a practical matter, new print cannot be made on the same envelope or notice, and the printing of advertising information on the surface of an envelope increases the cost of the envelope. It is common for people to waste advertisement papers or printed envelopes without reusing.
As mentioned above, there is no method or device which overcomes the limitations and drawbacks with respect to return of currency after paying bills. Therefore, there is an need of a device or a method with which a user can return the balace currency safely in an enclosed manner within an envelope. Further, the paper should be utilized optimaly in printing receipts and to make use of both the sides of a paper. It is therefore a principal object and advantage of the present invention to provide a method and system for providing change of currency in a pocket of a receipt made from the paper material.
The present invention provides a system and method for providing bill receipt for holding the currency change. The bill receipt comprising a sheet of paper which is folded substantially symmetrical, the edges adjacent to the folded edge are fastened by any means of attachment. An opening is created between the edge opposing the folded edge which is not fastened and fastened folded edge. A cash transaction is printed on an outer surface of the folded sheet of paper. In a preferred embodiment, the pocket is accessed through the opening by a cashier by inserting currency into the pocket during the cash transaction between the cashier and a customer.
A method of holding currency in a bill receipt is also disclosed herein. The method comprising: folding a sheet of paper which is substantially symmetrical, fastening the edges adjacent to the folded edge, defining an opening by not fastening an edge opposing the folded edge, printing a cash transaction on an outer surface of the folded sheet of paper, defining a pocket between the folded sheet of paper, accessing the pocket through the opening, and inserting the currency into the pocket during the cash transaction between a cashier and a customer.
In a preferred embodiment, the bill receipt has shape characteristics and the cash transaction is related to the business identity to which the customer pays the bills. Also the bill paid by the customer reduces the wastage of paper and increases the paper utilization in a better way.
The following detailed description of the different exemplary embodiments presents a description of certain specific embodiments to assist in understanding the claims. However, the present invention is intended to cover alternatives, modifications and equivalents, which may be included within the spirit and scope of the invention as defined by the appended claims.
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In the preferred embodiment,the cashier places bill receipt 100 owed to the customer. The currency 116 is, for example, cash, coins, paper money, bank notes, dollar, money or dinar or rupee. The cash transaction is printed on one or both surfaces of the folded sheet of paper 102. The bill receipt 100 secures the currency 116 in the opening 114 so that it does not slip or fall easily during transfer, but the bill receipt 100 also provides cash transaction details printed on the bill receipt 100 to the customer. In the preferred embodiment, the bill receipt 100 is one of a shape rectangular and a square shape. The bill receipt 100 has shape characteristics, image characteristics and details that all relate to the identity of a business entity. The bill receipt 100 comprises an image printed on the surface of the folded sheet of paper 102. The bill receipt 100 can be printed in bulk roll of paper attached to each other.
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While the principles of the invention have been described herein, it is to be understood by those skilled in the art that this description is made only by way of example and not as a limitation as to the scope of the invention. Other embodiments are contemplated within the scope of the present invention in addition to the exemplary embodiments shown and described herein. Modifications and substitutions by one of ordinary skill in the art are considered to be within the scope of the present invention.
