Systems and methods for banking transactions using a stored-value card

• US 20050082364A1
• Filed: 10/15/2004
• Published: 04/21/2005
• Est. Priority Date: 10/17/2003
• Status: Abandoned Application

• Current Assignee: Nexxo Financial Corp. (MoneyGram International Incorporated)
• Original Assignee: Nexxo Financial Corp. (MoneyGram International Incorporated)
• Inventors: Alvarez, David R., Shapiro, Mitchell A.
• Application Number:
  US10/966,879
• Publication Number:
  US 20050082364A1
• Time in Patent Office: Days
• US Class Current: 235/381
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/229 Hierarchy of users of accounts
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

Systems and methods for banking transactions use a kiosk to perform financial services. The kiosk dispenses a stored-value card. The kiosk determines a stored-value account related to a stored-value card for a user. The kiosk then receives user instructions for a banking transaction using the stored-value account. The kiosk then processes the user instructions to perform the banking transaction using the stored-value account.

Claims

1. A method of operating a kiosk to perform financial services, the method comprising:

dispensing a stored-value card from a kiosk;

determining a stored-value account related to the stored-value card for a user of the kiosk;

receiving user instructions for a banking transaction using the stored-value account; and

processing the user instructions to perform the banking transaction using the stored-value account.

2. The method of claim 1 further comprising assigning the stored-value account to the stored-value card in the kiosk.

3. The method of claim 1 wherein determining the stored-value account related to the stored-value card further comprises:

receiving the stored-value card into the kiosk; and

processing the stored-value card.

4. The method of claim 1 further comprising:

receiving personal data of the user into the kiosk; and

verifying an identity of the user based on the personal data.

5. The method of claim 4 wherein receiving personal data comprises capturing biometric data.

6. The method of claim 1 wherein the stored-value card is compatible with a bank card association network.

7. The method of claim 1 wherein the banking transaction comprises depositing a monetary amount into the stored-value account.

8. The method of claim 1 wherein the banking transaction comprises withdrawing a monetary amount from the stored-value account.

9. The method of claim 1 wherein the banking transaction comprises transferring a monetary amount from the stored-value account to another account.

10. The method of claim 1 wherein the banking transaction comprises displaying a balance of the stored-value account.

11. The method of claim 1 wherein the banking transaction comprises money sharing.

12. The method of claim 1 wherein the banking transaction comprises printing a financial instrument.

13. The method of claim 1 further comprising receiving payment for the stored-value card.

14. A kiosk for performing financial services, the kiosk comprising:

a dispenser system configured to dispense a stored-value card from the kiosk;

a processor configured to determine a stored-value account related to the stored-value card for a user of the kiosk, receive user instructions for a banking transaction using the stored-value account, and process the user instructions to perform the banking transaction using the stored-value account; and

a storage system configured to store data.

15. The kiosk of claim 14 wherein the processor is further configured to assign the stored-value account to the stored-value card in the kiosk.

16. The kiosk of claim 14 further comprising a card reader configured to receive and process the stored-value card.

17. The kiosk of claim 14 further comprising an interface configured to receive personal data of the user into the kiosk and wherein the processor is further configured to verify an identity of the user based on the personal data.

18. The kiosk of claim 17 wherein the interface comprises a biometric capture system configured to capture biometric data of the user.

19. The kiosk of claim 14 wherein the stored-value card is compatible with a bank card association network.

20. The kiosk of claim 14 wherein the banking transaction comprises depositing a monetary amount into the stored-value account.

21. The kiosk of claim 14 wherein the banking transaction comprises withdrawing a monetary amount from the stored-value account.

22. The kiosk of claim 14 wherein the banking transaction comprises transferring a monetary amount from the stored-value account to another account.

23. The kiosk of claim 14 wherein the banking transaction comprises displaying a balance of the stored-value account.

24. The kiosk of claim 14 wherein the banking transaction comprises money sharing.

25. The kiosk of claim 14 wherein the banking transaction comprises printing a financial instrument.

26. The kiosk of claim 14 further comprising a monetary transaction device configured to receive payment for the stored-value card.

27. A software product for operating a kiosk to perform financial services, the software product comprising:

kiosk software operational when executed by a processor to direct the processor to generate a control signal to dispense a stored-value card from the kiosk, determine a stored-value account related to the stored-value card for a user of the kiosk, receive user instructions for a banking transaction using the stored-value account, and process the user instructions to perform the banking transaction using the stored-value account; and

a software storage medium operational to store the kiosk software.

28. The software product of claim 27 wherein the kiosk software is operational when executed by the processor to direct the processor to assign the stored-value account to the stored-value card in the kiosk.

29. The software product of claim 27 wherein the kiosk software is operational when executed by the processor to direct the processor to receive personal data of the user into the kiosk and verify an identity of the user based on the personal data.

30. The software product of claim 27 wherein the kiosk software is operational when executed by the processor to direct the processor to receive biometric data.

31. The software product of claim 27 wherein the stored-value card is compatible with a bank card association network.

32. The software product of claim 27 wherein the banking transaction comprises depositing a monetary amount into the stored-value account.

33. The software product of claim 27 wherein the banking transaction comprises withdrawing a monetary amount from the stored-value account.

34. The software product of claim 27 wherein the banking transaction comprises transferring a monetary amount from the stored-value account to another account.

35. The software product of claim 27 wherein the banking transaction comprises displaying a balance of the stored-value account.

36. The software product of claim 27 wherein the banking transaction comprises money sharing.

37. The software product of claim 27 wherein the banking transaction comprises printing a financial instrument.