Electronic fund transfer system

• US 5,546,523 A
• Filed: 04/13/1995
• Issued: 08/13/1996
• Est. Priority Date: 04/13/1995
• Status: Expired due to Term

• Current Assignee: Millennium Commerce, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: James G. Gatto
• Inventors: Gatto, James G.
• Primary Examiner(s): Powell, Mark R.
• Assistant Examiner(s): Huynh, Ba
• Application Number:
  US08/421,486
• Time in Patent Office: 488 Days
• Field of Search: 395/155, 395/157, 395/161, 395/156, 235/379, 235/380
• US Class Current: 715/811
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]

Abstract

An electronic fund transfer (EFT) system capable of displaying a menu including one or more user-defined custom transactions associated with an identification card so that the user can select a desired transaction by a single selection or with limited inputs. The transactions may be defined by a user during a set-up/authorization operation and/or may be stored based on transactions performed by the user. Additionally, the transactions may be stored on the identification card, in a local memory of a transaction terminal and/or in a system memory of the EFT system. A single identification card may be used to enable the user to select from a plurality of financial accounts with different institutions.

Claims

1. An automated teller machine system for use by a plurality of users comprising:

user identification cards unique to each user and having information stored thereon including transaction information corresponding to custom transactions predefined by the user of the identification card;

at least one user accessible transaction terminal comprising;

card reader means for reading information stored on the user'"'"'s identification card;

display means for displaying a user customized menu comprising one or more of the custom transactions based on information read from the user'"'"'s identification card;

input means for enabling the user to select a custom transaction from the customized menu for execution; and

control means for executing a selected transaction.

2. The system of claim 1, wherein in response to the user customized menu being displayed, the control means causes the input means to be operable to enable the user to select a transaction by touching one of:

i) a single key located adjacent to the displayed custom transaction;

ii) an area of the display means; and

iii) a key of a keypad operatively connected to the control means.

3. The automated teller machine system of claim 1, wherein the input means comprises a point-and-click device.

4. The automated teller machine system of claim 1, wherein the user customized menu comprises a plurality of choices including user defined transactions choices and at least one standard menu choice.

5. The automated teller machine system of claim 1, wherein a single user identification card stores information for a plurality of institutions with which a user of the identification card has a financial relationship.

6. The automated teller machine system of claim 1, wherein the control means enables the user to select from a plurality of user customized menus based on information read from the user'"'"'s identification card.

7. The automated teller machine system of claim 1, wherein the selection of a custom transaction from the user customized menu enables execution of a custom transaction without further inputs by the user.

8. The automated teller machine system of claim 1, wherein upon selection of a custom transaction, the controller causes the transaction parameters to be displayed on the display means to permit verification by the user.

9. The automated teller machine system of claim 1, wherein the stored transaction information comprises some, but not all of the transaction parameters necessary to define and execute custom transaction, and upon selection of such a custom transaction by the user, the controller causes a prompt to be displayed on the display means to prompt the user to input additional information necessary to enable the selected transaction to be executed.

10. The automated teller machine system of claim 1, wherein the transaction terminal further comprises a printer, and the stored transaction information includes information that enables the controller to determine whether a printed record of an executed transaction should be printed upon execution of the transaction.

11. In an automated teller machine system comprising a central controller having an associated control system memory, and at least one transaction terminal comprising an input, a display, a controller, a local memory and an identification card reader, a method of executing a user-defined transaction comprising the steps of:

(a) storing user-defined custom transaction information on the identification card;

(b) entering an identification card into the identification card reader;

(c) reading information stored on the identification card, including user-defined transaction information stored on the identification card;

(d) displaying a customized menu including a plurality of user-defined transactions based on information read from the identification card;

(e) selecting one of the displayed transactions; and

(f) executing the transaction selected in step (e).

12. The method of claim 11 wherein the step of selecting comprises touching one of:

i) a single key;

ii) touching an area of the display;

iii) touching a key of a keypad operatively connected to the controller;

iv) operating a point-and-click device.

13. The method of claim 11 further comprising the step of:

storing, before entering the identification card into the card reader, information corresponding to one or more user-defined transactions on one of the identification card, a local memory associated with the terminal and a central system memory.

14. The method of claim 11 further comprising the step of storing information corresponding to at least one of said transactions on said identification card based on a recent transaction performed with the identification card.

15. The method of claim 11 wherein the step of displaying a customized menu comprises displaying a plurality of choices for executing user defined custom transactions and at least one choice of displaying a different menu.

16. The method of claim 11 wherein the step of storing comprises storing a plurality of user defined custom transactions for a plurality of institutions with which the user of the identification card has a financial relationship.

17. The method of claim 11 further comprising the step the user selecting from one of a plurality of user customized menus for display on the display.

18. The method of claim 11 wherein upon selection of a displayed transaction, the transaction is executed without further input by the user.

19. The method of claim 11 wherein after performance of the selecting step, the controller causes the transaction parameters associated with the selected transaction to be displayed for verification by the user.

20. The method of claim 11 wherein the information stored in step (a) comprises some, but not all, of the transaction parameters necessary to execute a custom transaction, and after the selecting step (step (e)), the controller causes a prompt to be displayed on the display to prompt the user to input additional information necessary to enable the selected transaction to be executed;

and further comprising the step of entering additional information to enable the selected transaction to be executed.

21. The method of claim 11 wherein the transaction terminal further comprises a pointer, and further wherein step (a) comprises storing information that enables the controller to determine whether a printed record of an executed transaction should be printed upon execution of the transaction;

and after step (f), determining whether a printed record of the executed transaction should be printed.