The Piggy Card is an exciting, revolutionary patent-pending process which provides an alternative to the need for coin change in the day to day transacting of American business.
Specifically, when a cash transaction is made between merchant and consumer, any or all of the change the consumer is owed can be transferred to the Piggy Card, a card containing a smart chip and a magnetic strip that can be swiped by consumers at the point of sale.
Piggy Card (less a small transaction fee), quickly and conveniently stores the change (that might otherwise end up in the cushions of your couch or under your car seats) for later access anytime the consumer wishes. The result is not only faster sales transactions but maximization of money through savings of the loose change. Piggy Card will allow the consumer to store or save these funds until he chooses to access them. Piggy Card envisions co concept.
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It isn't surprising how many merchants are slowed down by coin currency; many supermarkets and drug store cashiers already have change machines in their aisles which dispense coin currency to their consumers for their change that is less than a dollar. This has already been shown to quicken lines and speed up efficiency altogether.
When a cash transaction is made between merchant and consumer, the change the consumer receives that is less than a dollar will be transferred to a card. Much like the change dispensers already in circulation, instead of receiving the change in coins, the consumer instead inserts their Piggy Card into the machine and the coin amount is credited to their card. The card and the machine itself, work much like the technology behind the Metro Transit Authority card. It is a relatively simple idea of receiving and distribution of information (i.e.; currency amount) through a speedy insertion or sliding of the card through an PC machine. |