US5326960A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Currency transfer system and method
Assignee: First Data Corp
•
Filing: 1992-11-25
•
Granted: 1994-07-05
•
Expires: 2012-11-25
Abstract
Abstract There is disclosed a currency transfer system and method which utilizes the existing ATM network but which provides for the temporary assignment of a PIN number and the temporary establishment of a credit limit within an existing account. Using the system a customer can, by using a temporary PIN at an ATM machine, withdraw an amount equal to or less than the temporary credit limit. In one embodiment, a depositing customer can establish the temporary credit limit by the transfer of funds from an existing account and in another embodiment the depositing customer can purchase temporary ATM cards which have contained within them programmed credit limits which are then read into the system under an assigned temporary PIN number.
Inventors
- 👤 David H. Tannenbaum
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-30 16:35
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/02; G06Q20/00; G06Q20/04; G06Q20/08; G06Q20/18; G06Q20/22; G06Q20/24; G06Q20/30; G06Q20/34; G06Q20/342; G06Q20/348; G06Q20/36; G06Q20/363; G06Q20/38; G06Q20/385; G06Q20/40; G06Q20/403; G07; G07F; G07F19/00; G07F19/20; G07F19/211
Claims Analysis
Total Claims: 31
Claim 1
Independent Claim
113 words
A system for currency management between a depositing user and a recipient user using an electronic funds retrieval system, said retrieval system having associated therewith a plurality of input devices for accepting user information, said management system comprising: means for accepting from a depositing user at one of said input devices an amount of currency to be available for withdrawal; means for creating a unique temporary identification number and for associating said unique identification number with said accepted available withdrawal amount; and means for associating said unique identification number and said accepted available withdrawal amount with a particular account in said system accessible via any of said input devices associated with said system.
Claim 2
Independent Claim
113 words
A system for currency management between a depositing user and a recipient user using an electronic funds retrieval system, said retrieval system having associated therewith a plurality of input devices for accepting user information, said management system comprising: means for accepting from a depositing user at one of said input devices an amount of currency to be available for withdrawal; means for creating a unique temporary identification number and for associating said unique identification number with said accepted available withdrawal amount; and means for associating said unique identification number and said accepted available withdrawal amount with a particular account in said system accessible via any of said input devices associated with said system.
Claim 3
Dependent Claim
84 words
The system set forth in claim 1 further comprising: means for accepting at any of said input devices from a withdrawing user at least a portion of said unique identification number and an amount to be withdrawn; and means controlled in part by said accepted unique identification number from said withdrawing user for limiting the amount of currency that can be withdrawn from said particular account by said withdrawing user to an amount equal to or less than said associated accepted available withdrawal amount.
Claim 4
Dependent Claim
41 words
The system set forth in claim 1 wherein said particular account contains a plurality of said associations each having a different one of said unique identification numbers associated therewith, each said identification number having a specific available withdrawal amount associated therewith.
Claim 5
Dependent Claim
47 words
The system set forth in claim 1 wherein said depositing user accepting means includes: means separate from said input device for storing in electronic readable format said available withdrawal amount; and means within said input device for accepting said stored available withdrawal amount from said storing means.
Claim 6
Dependent Claim
27 words
The system set forth in claim 4 wherein the amount stored on said storing means is preknown to said retrieval system upon identification of said storing means.
Claim 7
Dependent Claim
21 words
The system set forth in claim 4 wherein said storing means includes: means for modifying said electronic readable available transfer amount.
Claim 8
Dependent Claim
33 words
The system set forth in claim 4 further comprising: means for linking a plurality of said storing means to create an available withdrawal amount equal to the sum of said linked storage means.
Claim 9
Dependent Claim
41 words
The system set forth in claim 4 wherein said amount stored in said storing means can be preassigned and wherein said preassigned value is communicated from said storing means to said retrieval system and can be different from time to time.
Claim 10
Dependent Claim
28 words
The system set forth in claim 1 wherein said unique temporary identification number creating means includes: means for interactive communications between said retrieval system and said depositing user.
Claim 11
Dependent Claim
24 words
The system set forth in claim 1 where said depositor accepting means includes: means from transferring a selectable amount from one account to another.
Claim 12
Dependent Claim
28 words
The system set forth in claim 1 further comprising means for controlling the duration that a particular unique withdrawal amount is available for withdrawal from a particular account.
Claim 13
Dependent Claim
47 words
The system set forth in claim 2 wherein said withdrawing user accepting means includes: means separate from said input device for storing at least a portion of said unique identification number; and means within said input device for accepting said unique identification number from said storing means.
Claim 14
Dependent Claim
30 words
The system set forth in claim 12 wherein said unique information storage means and said available withdrawal amount storage means are independent of each other with each containing different information.
Claim 15
Independent Claim
115 words
A method for currency management between a depositing user and a recipient user using an electronic funds retrieval system, said system having associated therewith a plurality of input devices for accepting user information, said method comprising: accepting from a depositing user at one of said input devices an amount of currency to be available for withdrawal; creating a unique temporary identification number and for associating said unique identification number with said accepted available withdrawal amount; communicating said unique temporary identification number to said depositing number; and associating said unique identification number and said accepted available withdrawal amount with a particular account in said system accessible via any of said input devices associated with said system.
Claim 16
Independent Claim
115 words
A method for currency management between a depositing user and a recipient user using an electronic funds retrieval system, said system having associated therewith a plurality of input devices for accepting user information, said method comprising: accepting from a depositing user at one of said input devices an amount of currency to be available for withdrawal; creating a unique temporary identification number and for associating said unique identification number with said accepted available withdrawal amount; communicating said unique temporary identification number to said depositing number; and associating said unique identification number and said accepted available withdrawal amount with a particular account in said system accessible via any of said input devices associated with said system.
Claim 17
Dependent Claim
82 words
The method set forth in claim 14 further comprising the steps of: accepting at any of said input devices from a withdrawing user at least a portion of said unique identification number and an amount to be withdrawn; and limiting in part by said accepted unique identification number from said withdrawing user, the amount of currency that can be withdrawn from said particular account by said withdrawing user to an amount equal to or less than said associated accepted available withdrawal amount.
Claim 18
Dependent Claim
41 words
The method set forth in claim 14 wherein said particular account contains a plurality of said associations each having a different one of said unique identification numbers associated therewith, each said identification number having a specific available withdrawal amount associated therewith.
Claim 19
Dependent Claim
47 words
The method set forth in claim 15 wherein said depositing user accepting step includes the steps of: storing in a device separate from said input device and in electronic readable format said available withdrawal amount; and accepting at said input device any said stored available withdrawal amounts.
Claim 20
Dependent Claim
29 words
The method set forth in claim 17 wherein said storing step includes the step of determining said stored amount by said retrieval system upon identification of said separate devices.
Claim 21
Dependent Claim
22 words
The system set forth in claim 17 wherein said storing step includes the step of: modifying said electronic readable available transfer amount.
Claim 22
Dependent Claim
36 words
The method set forth in claim 17 further comprising the step of: linking a plurality of amounts stored on said devices to create an available withdrawal amount equal to the sum of said linked storage amounts.
Claim 23
Dependent Claim
39 words
The method set forth in claim 17 wherein said amount stored in said device can be preassigned and wherein said preassigned value is communicated from said device to said retrieval system and can be different from time to time.
Claim 24
Dependent Claim
29 words
The method set forth in claim 14 wherein said unique temporary identification number creating steps includes the step of: interactively communicating between said retrieval system and said depositing user.
Claim 25
Dependent Claim
24 words
The method set forth in claim 14 where said accepting step includes the step of: transferring a selectable amount from one account to another.
Claim 26
Dependent Claim
29 words
The method set forth in claim 14 further comprising the step of: controlling the duration that a particular unique withdrawal amount is available for withdrawal from a particular account.
Claim 27
Dependent Claim
26 words
The system set forth in claim 1 further comprising means controlled by said management system for communicating said unique temporary identification number to said depositing user.
Claim 28
Dependent Claim
25 words
The system set forth in claim 1 wherein said retrieval system is an ATM system and wherein said input devices are remotely located ATM machines.
Claim 29
Dependent Claim
24 words
The system set forth in claim 1 wherein said creating means is operating under control of a user at one of said input devices.
Claim 30
Dependent Claim
28 words
The system set forth in claim 1 wherein said particular account need not be an account identified with said depositor prior to the enabling of said associating means.
Claim 31
Dependent Claim
32 words
The system set forth in claim 28 wherein said associating means is a card containing the identification of said particular account, said card also containing said amount of currency to be transferred.
References Cited (Backward Citations)
US4007355A
Cited
US4542465A
Cited
US4594663A
Cited
US4575622A
Cited
US4650977A
Cited
US4959788A
Cited
US4764666A
Cited
US4960981A
Cited
USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 1997-07-04 | 1998-01-03 | 1998-07-05 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2001-07-04 | 2002-01-03 | 2002-07-05 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2005-07-04 | 2006-01-03 | 2006-07-05 | $7700.00 | Window Closed / Lapsed |