Method and system for performing a cash transaction with a self-service financial transaction terminal

• US 8,065,226 B2
• Filed: 07/20/2001
• Issued: 11/22/2011
• Est. Priority Date: 07/20/2000
• Status: Active Grant

• Current Assignee: Citicorp Credit Services Incorporated (Citigroup Incorporated)
• Original Assignee: Citicorp Development Center Incorporated (Citigroup Incorporated)
• Inventors: Rizzo, Carol J., Hsu, Phoebe Rin-Rin, Sears, Michael L.
• Primary Examiner(s): Milef; Elda
• Application Number:
  US09/908,549
• Publication Number:
  US 20020069170A1
• Time in Patent Office: 3,777 Days
• Field of Search: 705/35, 705 39- 44
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/305 using wired telephone networks
• 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 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 19/201 Accessories of ATMs
• CPC Class Codes: G07F 19/203 Dispensing operations within ATMs dispensing in general G07D11/00
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

A method and system for performing a cash transaction with a self-service financial transaction terminal makes use of computer hardware and software that allows a financial institution cardholder to authorize a recipient to withdraw a specified amount of cash at an ATM of the particular financial institution. The cardholder can set up the transaction, for example, from any telephone using an interactive voice response (IVR) system, or by utilizing the application at a financial institution ATM, or by using an Internet website application. The originator can set up the recipient'"'"'s ATM transaction to be either cardless or card-initiated.

Claims

1. A method for transferring cash from an originator'"'"'s financial institution checking account to a financial institution escrow account for dispensing to a recipient at a financial institution self-service financial transaction terminal, comprising:

receiving, using a financial institution interactive voice response computer having a processor and memory, from an originator via a telephonic device without a card reader, keypad entry of the originator'"'"'s financial institution transaction card number and personal identification number and the originator'"'"'s selection of a transfer option from a voice menu to transfer cash from the originator'"'"'s checking account to the financial institution escrow account for dispensing to the recipient at any of a plurality of self-service financial transaction terminals;

notifying the originator, using the financial institution interactive voice response computer, via the telephonic device, of a balance of the originator'"'"'s financial institution checking account and a maximum amount of the balance of the originator'"'"'s financial institution checking account available for dispensing to the recipient at any one of the plurality of financial institution self-service financial transaction terminals;

receiving, using the financial institution interactive voice response computer, from the originator via the telephonic device, recipient identification information comprising an alphabetic, numeric, or alphanumeric identifier associated with a transaction card of the recipient;

confirming to the originator, using the financial institution interactive voice response computer, via the telephonic device, the recipient identification information, and furnishing, using the financial institution interactive voice response computer, via the telephonic device, a unique authentication code associated with the recipient identification information to the originator, said recipient identification information and associated unique authentication code serving only to identify the recipient for dispensing of the cash in the financial institution escrow account to the recipient at any of the plurality of self-service financial transaction terminals without allowing the recipient access to any account of the originator;

receiving, using the financial institution interactive voice response computer, from the originator via the telephonic device, a designation of an amount of cash to be transferred from the originator'"'"'s checking account to the financial institution escrow account for dispensing to the recipient at any one of the plurality of financial institution self-service financial transaction terminals;

transferring, using a financial institution back office computer having a processor and memory, the designated amount of cash from the originator'"'"'s checking account to the financial institution escrow account for dispensing to the recipient at any of the plurality of self-service financial transaction terminals;

receiving, using the financial institution interactive voice response computer, from the originator via the telephonic device, a specification of predefined conditions for dispensing of the cash held in the financial institution escrow account to the recipient consisting of a beginning date that is later than a current date and an ending date defining a period of time during which the dispensing of the cash held in the escrow account to the recipient is allowed and a contractual enabling event, an occurrence of which the dispensing of the cash held in the escrow account to the recipient is conditioned during said period of time;

receiving, using the financial institution interactive voice response computer, from the originator via the telephonic device, a selection of an option for notification of the originator, and contact information consisting of least a telephone number or email address for the originator, when the cash held in the financial institution escrow account is dispensed to the recipient, confirming the contact information to the originator, using the financial institution interactive voice response computer, via the telephonic device, and notifying the originator, using the financial institution interactive voice response computer, via the telephonic device that a confirmation call will be made to the originator when the cash held in the financial institution escrow account is dispensed to the recipient;

receiving, using the financial institution back office computer, entry by the recipient of the cardless identifier and the unique authentication code at any one of the plurality of financial institution self-service financial transaction terminals, if the originator'"'"'s selection of the cardless transaction option for the recipient was received or dipping by the recipient of a transaction card associated with the transaction card number of the recipient and entry by the recipient of the unique authentication code at any one of the plurality of financial institution self-service financial transaction terminals, if the originator'"'"'s selection of the transaction card initiated transaction option for the recipient was received;

dispensing, using the financial institution back office computer, to the recipient all or a portion of the cash held in the financial institution escrow account up to the amount of cash transferred from the originator'"'"'s checking account at said one of the plurality of financial institution self-service financial transaction terminals, according to the predefined parameters for dispensing of the cash held in the financial institution escrow account to the recipient consisting of the beginning date and the ending date defining the period of time during which the withdrawal of the cash held in the escrow account by the recipient is allowed and the contractual enabling event, the occurrence of which the withdrawal of the cash held in the escrow account by the recipient is conditioned during said period of time; and

notifying the originator, using the financial institution interactive voice response computer, via the telephonic device of the dispensing of the cash held in the financial institution escrow account to the recipient and the amount dispensed and a date and a location of said one of the plurality of financial institution self-service financial transaction terminals of the dispensing by telephonic notification according to the contact information furnished by the originator.

2. A machine for transferring cash from an originator'"'"'s financial institution checking account to a financial institution escrow account for dispensing to a recipient at a financial institution self-service financial transaction terminal, comprising:

a financial institution interactive voice response computer having a processor and memory, the processor being programmed for;

receiving from an originator, via a telephonic device without a card reader, keypad entry of the originator'"'"'s financial institution transaction card number and personal identification number and the originator'"'"'s selection of a transfer option from a voice menu to transfer cash from originator'"'"'s checking account to the financial institution escrow account for dispensing to the recipient at any of a plurality of self-service financial transaction terminals;

notifying the originator, via the telephonic device, of a balance of the originator'"'"'s financial institution checking account and a maximum amount of the balance of the originator'"'"'s financial institution checking account available for dispensing to the recipient at any one of the plurality of financial institution self-service financial transaction terminals;

receiving recipient identification information from the originator via the telephonic device, wherein the recipient identification information comprises an alphabetic, numeric, or alphanumeric identifier associated with a transaction card of the recipient;

confirming to the originator, via the telephonic device, the recipient identification information, and furnishing a unique authentication code associated with the recipient identification information to the originator via the telephonic device, said recipient identification information and associated unique authentication code serving only to identify the recipient for dispensing of the cash in the financial institution escrow account to the recipient at any of the plurality of self-service financial transaction terminals without allowing the recipient access to any account of the originator;

receiving a designation from the originator, via the telephonic device, of an amount of cash to be transferred from the originator'"'"'s checking account to the financial institution escrow account for dispensing to the recipient at any one of the plurality of financial institution self-service financial transaction terminals

a financial institution back office computer having a processor and memory, the processor being programmed for;

transferring the designated amount of cash from the originator'"'"'s checking account to the financial institution escrow account for dispensing to the recipient at any of the plurality of self-service financial transaction terminals;

the financial institution interactive voice response computer processor being further programmed for;

receiving a specification of predefined conditions for dispensing of the cash held in the financial institution escrow account to the recipient consisting of a beginning date that is later than a current date and an ending date defining a period of time during which the dispensing of the cash held in the escrow account to the recipient is allowed and a contractual enabling event, an occurrence of which the dispensing of the cash held in the escrow account to the recipient is conditioned during said period of time;

receiving a selection from the originator, via the telephonic device, a selection of an option for notification of the originator, and contact information consisting of least a telephone number or email address for the originator, when the cash held in the financial institution escrow account is dispensed to the recipient, confirming the contact information to the originator via the telephonic device, and notifying the originator via the telephonic device that a confirmation call will be made to the originator when the cash held in the financial institution escrow account is dispensed to the recipient;

receiving entry by the recipient of the cardless identifier and the unique authentication code at any one of the plurality of financial institution self-service financial transaction, if the originator'"'"'s selection of the cardless transaction option for the recipient was received;

or dipping by the recipient of a transaction card associated with the transaction card number of the recipient and entry by the recipient of the unique authentication code at any one of the plurality of financial institution self-service financial transaction terminals, if the originator'"'"'s selection of the transaction card initiated transaction option for the recipient was received;

the financial institution back office computer processor being further programmed for;

dispensing to the recipient all or a portion of the cash held in the financial institution escrow account up to the amount of cash transferred from the originator'"'"'s checking account at said one of the plurality of financial institution self-service financial transaction terminals, according to the predefined parameters for dispensing of the cash held in the financial institution escrow account to the recipient consisting of the beginning date and the ending date defining the period of time during which the withdrawal of the cash held in the escrow account by the recipient is allowed and the contractual enabling event, the occurrence of which the withdrawal of the cash held in the escrow account by the recipient is conditioned during said period of time; and

the financial institution interactive voice response computer processor being further programmed for;

notifying the originator of the dispensing of the cash held in the financial institution escrow account to the recipient and the amount dispensed and a date and a location of said one of the plurality of financial institution self-service financial transaction terminals of the dispensing by telephonic notification according to the contact information furnished by the originator.