Advanced automatic instant money transfer machine

• US 20040139000A1
• Filed: 04/28/2003
• Published: 07/15/2004
• Est. Priority Date: 05/05/2000
• Status: Abandoned Application

• Current Assignee: Kioba Processing, LLC (IP Investments Group LLC)
• Original Assignee: Kioba Processing, LLC (IP Investments Group LLC)
• Inventors: Amos, Carl Raymond
• Application Number:
  US10/424,155
• Publication Number:
  US 20040139000A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 19/202 Depositing operations within ATMs depositing in general G07D11/00
• CPC Class Codes: G07F 19/203 Dispensing operations within ATMs dispensing in general G07D11/00

Abstract

The Advanced Automatic Instant Money Transfer Machine, AAIMTM, system is a multiplicity of devices on a communications network available 24 hours a day, used interchangeably as sender, receiver and dispenser of funds and data. The sender accepts standard currency and includes removable medium storage devices to transfer to another such device acting as a receiver/dispenser. Remitted amounts are inserted or deducted from credit/debit accounts or currency and who pays the fees charged is indicated by an initiator of the transaction. Transfer transaction information includes: the type of transfer (money/funds or data), which device deducts the fee; how much money or what data to transfer; and to who and where the transfer transaction is to be made available. A receipt is generated by the sender via the system and a receiver becomes a dispenser only when the recipient retrieves a pending transaction using the appropriate password or identification. The cash, data, or financial instrument is then dispensed. The AAIMTMs also features voice-recognition, video, and sound to interact directly with initiator and intended recipient through video/sound, telephonic, or other communication means. Also music and music videos, will provide a dynamic and positive environment for the young and old, this feature can have a select means, enabling a user of the system to choose what they want to see and hear. A writable screen and/or digital pen means, to enable handwriting or use a signature, biometric devices, and other security features for document and money transfers give the users of AAIMTMs the added assurity that their transactions are reliable and trustworthy. The addition of audio-visual means enables a user of the system to perform transactions in real-time and generally enhance the transfer process as well as increasing safety and security requirements.

Claims

1. A money transfer system that comprises a plurality of data and money transfer devices, each of said money transfer devices comprises:

currency accepting means for bills and coins, a currency dispensing means for bills and coins;

a data input means;

an output means;

a display means;

a keyboard means;

at least one removable media I/O device;

credit, debit and identification acceptor means;

the system further comprises a computing means which includes at least one microprocessing means and a modem or transceiver means for controlling communication directly between a plurality of data and money transfer devices.

2. The system of claim 1, wherein each of said data and money transfer devices includes quantum computing means and quantum cryptographic key generating means.

3. The system of claim 1, wherein each of said data and money transfer devices includes pen-writing or digital pen means.

4. The system of claim 1, wherein each of said data and money transfer devices includes speaker means, microphone means, voice recognition means to enable the system to interact with the user in any language and to facilitate usage of the system.

5. The system of claim 1, wherein each of said data and money transfer devices includes video means, video data streaming means, and camera means for visual interaction and visual recognition to facilitate usage of the system.

6. The system of claim 1, wherein each of data and money transfer devices operates as a sender, receiver and dispenser of funds interchangeably.

7. A system of claim 1, wherein the data to be transferred includes:

insurance information and records;

business data and records;

billing information;

medical information, data and records;

credit information, data and records and generally any confidential or personal information,

8. The system of claim 1, wherein data or money is inputted into a proximal data and money transfer device and electronically causing the dispensing of like data or money at a distal data and money transfer device.

9. The system of claim 1, whereby currency or money amounts are transmitted over distances reciprocally to similarly interconnected web of data and money transfer devices whereby inserting currency at a proximal end will cause dispensing of like funds at a distal end.

10. The system of claim 1, whereby the data to be transferred is transmitted over distances reciprocally to similarly interconnected web of data and money transfer devices whereby inputting data at a proximal end will cause dispensing of like data at a distal end.

11. The system of claim 1, wherein each data and money transfer devices utilizes a communications network between distal and proximal ends.

12. The system of claim 1, wherein the system further comprises a central database server means to record transactions and for accounting and inventory control.

13. The system of claim 1, which each data and money transfer devices further comprises a biometric means to identify both an initiator and/or recipient.

14. The system of claim 1, wherein the system is able to interface with any conventional or non-convential automated teller machine, customer access terminal, and global financial networks or automated teller machine networks to efficiently transfer money, messages and data.

15. The system of claim 1, wherein the currency accepting means include recycling means to dispense money accepted as funds to be transferred.

16. The system of claim 1, wherein the system uses currency, credit or banking cards at the data and money transfer devices or through a personal computer or the central database server means and accesses proximal and distal financial institutions to either get transfer transaction funds and/or funds to pay for a transaction.

17. The system of claim 1, which includes automated teller machine system modifications to accept transfer transaction funds from said data and money transfer devices and send said funds to said devices, by a user accessing a designated financial account or without accessing said designated account using said currency accepting means, through an automated teller machine network, the Internet or other communication means.

18. A method of data and money transfer between a pluarlity of data and money transfer devices, each of said data and money transfer devices at a proximal end transmits information utilizing a communications network on a transaction to be completed at a distal end:

a. the transaction information comprises;

i. a recipient identification data,

ii. a designated distal end or general locality,

iii. what transfer type is to be made, either data or money;

1) if the transfer type is data, then the file name and file format is included,

2) if the transfer type is money, then amount of funds in the transaction is included, and what type of funds is to be made available to one or more data and money transfer devices at said distal end,

iv. what type of funds has been accepted by the data and money transfer device, whether currency, credit, or debit,

v. which end of the transaction pays for the transaction, distal or proximal ends,

vi. confirmation and transaction codes and a password;

b. wherein said money transfer device designations comprise;

i. each data or money transfer device is either a sender or a receiver or a dispenser data and money transfer device interchangeably, depending on whether the data or money transfer device is on the proximal or distal end of said transaction,

ii. said data and money transfer device becomes the sender by initiating said transaction,

iii. said data and money transfer device becomes the receiver by receiving a signal that said transaction is pending in said designated general locality,

iv. said receiver becomes the dispenser only when one data and money transfer device at the general locality indicates a retrieval of a pending transaction;

c. wherein said transaction transpires in the following manner;

i. when a transaction initiation signal is generated, said transaction information is prompted to be entered into said sender data and money transfer device on the proximal end,

ii. the sender data and money transfer device generates a confirmation code and prompts for said password, if said password is not entered then said password is internally generated,

iii. said sender data and money transfer device verifies all said transaction information,

iv. said transaction information is then encrypted for transmittal,

v. said sender data and money transfer device generates a receipt,

vi. a first set of signals is sent to said distal end or designated general locality for receiver data and money transfer devices,

vii. an input signal is received by the receiver data and money transfer device to indicate a retrieval of a pending transaction,

viii. the password and retrieval information is inputted to the receiver data and money transfer device to initiate the retrieval,

ix. the transaction information is verified by the receiver data money and transfer device, which then becomes the said dispenser data and money transfer device,

x. a second set of signals is transmitted back to the sender data and money transfer device to indicate the pending transaction is no longer available,

xi. dispensing is done according to the transfer type in the transaction information;

1) if the indicated transfer type is for data, then the file is transmitted to a removable media I/O device,

2) if the indicated transfer type is for money, said amount of funds are dispensed according to the transaction information.

19. The method of claim 18, wherein said transferred funds are dispensed as currency or financial instruments.

20. The method of claim 18, wherein said currency accepted into the data and money transfer device is recycled into a currency accepting means or a coin accepting means as funds to dispense.

21. The method of claim 18, wherein the transaction information includes whether the proximal or distal end of the transaction pays or provides the transaction fee.

22. The method of claim 21, wherein the transaction fee is acquired by either currency, debit or credit using any conventional or non-convential automated teller machine network, the Internet or other communication means:

a. if debit or credit is indicated to acquire the transaction fee, then interfacing with any designated financial institution to access a designated financial account,

b. if currency is indicated to acquire the transaction fee, then depending on the transaction information, the appropriate fee amount is inputted,

c. if the transaction information indicates proximal end payment, then transaction fee is added to the transaction amount by the sender data and money transfer device,

d. if the transaction information indicates distal end payment,

i. if deduct is indicated in the retrieval information, the dispenser data and money transfer device deducts the transaction fee from the transferred funds,

ii. if remit is indicated in the retrieval information, the dispenser data and money transfer device prompts to insert the correct amount into the currency acceptor or coin acceptor.