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

  • US 7,641,113 B1
  • Filed: 10/15/2004
  • Issued: 01/05/2010
  • Est. Priority Date: 10/17/2003
  • Status: Active Grant
First Claim
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1. A method of operating a kiosk that generates revenue from financial services, the method comprising:

  • determining an identity of a user at a kiosk;

    transmitting identity information from the kiosk, the identity information associated with a personal identification record for the user;

    receiving a validation of a the personal identification record of the user by the kiosk based on a government database; and

    if the personal identification record of the user of the kiosk is valid, then, determining a stored-value account related to a stored-value card for a user of the kiosk,remotely accessing a stored cash value associated with the stored-value account by the kiosk,performing a banking transaction using the stored-value account;

    determining a service fee for the banking transaction; and

    deducting the service fee from the stored-value account or a value of the banking transaction.

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