SYSTEM AND METHOD FOR CHECKLESS CASH ADVANCE SETTLEMENT
14 Assignments
0 Petitions
Accused Products
Abstract
Methods, devices, and systems for conducting a checkless cash access settlement are provided. In one embodiment, a cash advance method includes the following: a customer initiates a cash access transaction with a financial card via a cash access system; the customer receives authorization or denial; the customer provides identification and the financial card to a cashier or attendant; the cashier or attendant validates the customer'"'"'s identity, retrieves the transaction information, and completes the cash advance application; the application prints a non-negotiable instrument, such as a transaction receipt; the customer signs the receipt confirming the transaction with a physical receipt or electronic capture; the receipt image is stored electronically for subsequent transmittal to a central server; the transaction information, including the receipt image if applicable, is recorded on the central server; and the central server generates an ACH file and electronically transmits the ACH file to a designated financial institution.
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Citations
31 Claims
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1-7. -7. (canceled)
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8. A method for conducting a checkless cash access settlement, comprising:
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receiving, at a cash access system, a request from a customer for a cash access transaction using a financial account instrument; obtaining authorization of the cash access transaction; electronically capturing customer identification, the customer identification providing personal information of the customer; validating an identity of the customer based on the customer identification and the financial account instrument; completing the cash access transaction responsive to validation of the customer identification, resulting in a dispersal of cash requested in the cash access transaction to the customer; and transmitting information of the cash access transaction for inclusion in an electronic deposit transaction, the electronic deposit transaction provided for a plurality of cash access transactions completed in a settlement period. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A cash advance device comprising:
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a card reader; a processor; and a memory device having a plurality of instructions stored therein, that when executed by the processor, cause the processor to perform operations that; receive a request for a cash access transaction with a financial card of a customer, the financial card identified using the card reader; request authorization of the cash access transaction; electronically capture customer identification from at least one personal identification card, the customer identification captured at least in part using the card reader, and the customer identification including personal information; validate the customer identification in connection with use of the financial card in the cash access transaction; facilitate completion of the cash access transaction responsive to validation of the customer identification, to result in a dispersal of cash requested in the cash access transaction to the customer; and transmit information to a base processor for further processing of the cash access transaction, the further processing including performance of an electronic deposit transaction relating to the cash access transaction, and the information including the signature of the customer. - View Dependent Claims (26, 27, 28, 29)
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30. A system, comprising:
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a cash access transaction device configured to; receive a request from a customer for a cash access transaction with a financial card; receive card information from the financial card; receive customer identification information from the customer; electronically capture the customer identification information; and provide a transaction receipt to the customer for signature in connection with the cash access transaction; a cash access transaction base processor, configured to; obtain validation of the customer identification information and the financial card; complete the cash advance transaction responsive to validation of the identification; and store an electronic record for the transaction receipt; wherein the cash access transaction device is further configured to communicate the request, the electronically captured customer identification information, and an electronic copy of the transaction receipt to the cash access transaction base processor responsive to completion of the cash access transaction. - View Dependent Claims (31)
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Specification