ATM and POS terminal and method of use thereof
First Claim
1. A method of providing money or an item of value to an account-holder, the method comprising:
- identifying an account to a terminal;
entering a personal identification number into the terminal;
requesting money or an item of value based upon the account via a first type of transaction;
forwarding the first type of transaction to a processor;
forwarding the first type of transaction from the processor to a first network;
forwarding the first type of transaction from the first network to a bank;
making a denial of the first type of transaction;
forwarding the denial to the processor;
requesting money or an item of value based upon the account via a second type of transaction;
forwarding the second type of transaction to the processor;
forwarding the second type of transaction from the processor to a second network;
forwarding the second type of transaction from the second network to the bank;
making an approval of the second type of transaction;
forwarding the approval to the processor; and
instructing a money location to provide money or an item of value to the account-holder.
4 Assignments
0 Petitions
Accused Products
Abstract
A method of providing money, goods, services or the like to an account-holder based on an account when the daily ATM limit set by a bank has been met, or when a debit or credit card PIN cannot be remembered. The process will enable one to access cash and items of value through either the ATM network or a point-of-sale network to thereby obtain cash or an item of value. If the account-holder has exceeded the ATM network limit, a processor may prompt the account-holder to determine if the account-holder would like to access the account through the point-of-sale network. The money or item of value will be disbursed to the account-holder at a third location, where precautionary security measures may be utilized to ensure that the person receiving the cash is indeed the proper account-holder.
17 Citations
18 Claims
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1. A method of providing money or an item of value to an account-holder, the method comprising:
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identifying an account to a terminal;
entering a personal identification number into the terminal;
requesting money or an item of value based upon the account via a first type of transaction;
forwarding the first type of transaction to a processor;
forwarding the first type of transaction from the processor to a first network;
forwarding the first type of transaction from the first network to a bank;
making a denial of the first type of transaction;
forwarding the denial to the processor;
requesting money or an item of value based upon the account via a second type of transaction;
forwarding the second type of transaction to the processor;
forwarding the second type of transaction from the processor to a second network;
forwarding the second type of transaction from the second network to the bank;
making an approval of the second type of transaction;
forwarding the approval to the processor; and
instructing a money location to provide money or an item of value to the account-holder. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A terminal for providing cash to an account-holder from an account, with or without using a personal identification number, the terminal comprising:
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means for receiving a card identifying the account;
means for entering information;
means for communicating with ATM networks and point-of-sale networks; and
means for dispensing cash.
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11. A method of providing money or an item of value to an account-holder based on a bank account or a credit card account without using a personal identification number, the method comprising:
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identifying the specific account to a terminal;
making a request for money or an item of value;
forwarding the request to a processor;
forwarding the request from the processor to a point-of-sale network;
forwarding the request from the point-of-sale network to the bank;
making an approval of the request;
forwarding the approval to the processor; and
instructing a money location to provide money or an item of value to the account-holder. - View Dependent Claims (12, 13, 14, 15, 16, 17)
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18. A method of paying on behalf of a person for money, from an account of the person held by a custodian of the account based on a bank account, the method comprising:
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identifying the account to a terminal;
requesting an item from the account via a first type of transaction;
forwarding the first type of transaction to a processor;
forwarding the first type of transaction from the processor to a first network;
forwarding the first type of transaction from the first network to the custodian of the account;
making a denial of the first type of transaction;
forwarding the denial to the processor;
requesting the item from the account via a second type of transaction;
forwarding the second type of transaction to the processor;
forwarding the second type of transaction from the processor to a second network;
forwarding the second type of transaction from the second network to the custodian of the account;
making an approval of the second type of transaction;
forwarding the approval to the processor; and
instructing the person to contact a dispenser of the item of value and instructing the dispenser to provide the person with the item of value.
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Specification