Automated banking system for dispensing money orders, wire transfer and bill payment

  • US 6,012,048 A
  • Filed: 05/30/1997
  • Issued: 01/04/2000
  • Est. Priority Date: 05/30/1997
  • Status: Expired due to Term
First Claim
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1. An automated banking system for receiving payment from an authorized user and for wire transfer of funds to an authorized transferee'"'"'s account at a bank in a banking network, said system comprising:

  • an automated machine having a card receiver for receiving a card which identifies the user as being authorized to use the card banking network;

    an input device to enter the amount to be transferred to an authorized transferee including an input system to enter the routing information of a bank in which the authorized transferee has an account and the transferee'"'"'s account in the transferee'"'"'s bank;

    a selective payment acceptor for accepting payment at the automated machine or a charge to the account of the user by the authorized user for the wire transfer;

    a verifier to verify that the authorized transferee has the identified account in the banking network for receiving the wire transfer;

    a communication system in the banking network operable after receiving a verification from said verifier for wire transfer directly through the banking network to the verified transferee'"'"'s account in the identified bank; and

    a second automated machine remote from the first machine operable only after the authorized recipient inserts a card into the second automated machine to identify the second user as an authorized user, and operable by the authorized user to obtain partial or full payment from the wire transfer to the user'"'"'s authorized account in the banking system.

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