Patent US5650604A successfully refreshed from Google Patents.
US5650604A
Expired / Lapsed
US
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System and method for electronic transfer of funds using an automated teller machine to dispense the transferred funds
Assignee: Hewlett Packard Development Co LP
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Filing: 1995-02-22
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Granted: 1997-07-22
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Expires: 2015-02-22
Abstract
Abstract A system and method for fully automated electronic transfer of cash or cash equivalent between a sender and a recipient is shown, including an initiating terminal for receiving a designation of an amount of money to be electronically transferred, an account from which it is to be transferred, and a security code from the sender, a central terminal for storing the amount and the security code in a file in the central terminal, and a dispensing terminal for receiving from the recipient an entry corresponding to the designated amount of money to be transferred and the security code, for providing the entered amount of money and security code to the central terminal for comparison with the information stored in the central terminal's file, and for dispensing to the recipient funds equivalent to the designated amount of money without requiring the recipient to have a card to activate the dispensing terminal.
Inventors
- 👤 Neil P. Marcous
- 👤 Michael J. Brant
- 👤 Michael J. Rosenzweig
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-27 13:39
CPC Classifications
G; G07; G07F; G07F19/00; G06; G06Q; G06Q20/00; G06Q20/04; G06Q20/08; G06Q20/10
Claims Analysis
Total Claims: 67
Claim 1
Independent Claim
175 words
A system for automated electronic transfer of funds between a sender and a recipient, comprising: an initiating terminal for receiving a designation of an amount of funds to be electronically transferred from said sender, and providing a unique personal identification number to said sender; a central terminal for providing to said initiating terminal said unique personal identification number for each electronic transfer of funds transaction, and storing said amount of money to be transferred and said unique personal identification number in a file therein; and a dispensing terminal for receiving an entry corresponding to each of said designated amount of money and said unique personal identification number, for providing said entry corresponding to each of said designated amount of money and said unique personal identification number to said central terminal for comparison with said file, for receiving confirmation of positive match between said entry and said file, and for dispensing funds corresponding to said designated amount of money directly to said recipient without requiring said recipient to have a card to activate said dispensing terminal.
Claim 2
Independent Claim
175 words
A system for automated electronic transfer of funds between a sender and a recipient, comprising: an initiating terminal for receiving a designation of an amount of funds to be electronically transferred from said sender, and providing a unique personal identification number to said sender; a central terminal for providing to said initiating terminal said unique personal identification number for each electronic transfer of funds transaction, and storing said amount of money to be transferred and said unique personal identification number in a file therein; and a dispensing terminal for receiving an entry corresponding to each of said designated amount of money and said unique personal identification number, for providing said entry corresponding to each of said designated amount of money and said unique personal identification number to said central terminal for comparison with said file, for receiving confirmation of positive match between said entry and said file, and for dispensing funds corresponding to said designated amount of money directly to said recipient without requiring said recipient to have a card to activate said dispensing terminal.
Claim 3
Dependent Claim
21 words
The system for automated electronic transfer of funds of claim 1, wherein said initiating terminal is an automated teller machine (ATM).
Claim 4
Dependent Claim
24 words
The system for automated electronic transfer of funds of claim 1, wherein said initiating terminal is a personal computer with a graphical user interface.
Claim 5
Dependent Claim
24 words
The system for automated electronic transfer of funds of claim 1, wherein said initiating terminal is a touch-tone telephone with a voice response unit.
Claim 6
Dependent Claim
19 words
The system for automated electronic transfer of funds of claim 4, wherein said touch-tone telephone is a screen phone.
Claim 7
Dependent Claim
27 words
The system for automated electronic transfer of funds of claim 1, wherein said central terminal further comprises a number generator for generating said unique personal identification number.
Claim 8
Dependent Claim
21 words
The system for automated electronic transfer of funds of claim 1, wherein said dispensing terminal is an automated teller machine (ATM).
Claim 9
Dependent Claim
29 words
The system for automated electronic transfer of funds of claim 1, wherein said initiating terminal encrypts said security code before providing said encrypted security code to said central terminal.
Claim 10
Dependent Claim
29 words
The system for automated electronic transfer of funds of claim 1, wherein said dispensing terminal encrypts said security code before providing said encrypted security code to said central terminal.
Claim 11
Dependent Claim
26 words
The system for automated electronic transfer of funds of claim 1, wherein said designation of an amount of money is the provision of actual legal tender.
Claim 12
Dependent Claim
21 words
The system for automated electronic transfer of funds of claim 1, wherein said initiating terminal also includes a financial card reader.
Claim 13
Dependent Claim
19 words
The system for automated, electronic transfer of funds of claim 11, wherein said financial card is a credit card.
Claim 14
Dependent Claim
19 words
The system for automated electronic transfer of funds of claim 11, wherein said financial card is a debit card.
Claim 15
Dependent Claim
19 words
The system for automated electronic transfer of funds of claim 11, wherein said financial card is a smart card.
Claim 16
Dependent Claim
20 words
The system for automated electronic transfer of funds of claim 14, wherein said smart card is a stored value card.
Claim 17
Dependent Claim
21 words
The system for automated electronic transfer of funds of claim 1, wherein said initiating terminal further comprises a cash acceptance mechanism.
Claim 18
Independent Claim
166 words
A method for fully automated electronic transfer of funds between a sender and a recipient, comprising the steps of: receiving at an initiating terminal a designation of an amount of money to be electronically transferred from said sender; providing, by a central terminal, a unique personal identification number to said initiating terminal; providing, by said initiating terminal, said unique personal identification number to said sender; storing said amount of money to be transferred and said unique personal identification number at said central terminal; receiving at a dispensing terminal an entry corresponding to each of said designated amount of money and said unique personal identification number; providing by said dispensing terminal said entry corresponding to each of said designated amount of money and said unique personal identification number to said central terminal for confirmational comparison; and dispensing by said dispensing terminal of funds corresponding to said designated amount of money directly to said recipient without requiring said recipient to have a card to activate said dispensing terminal.
Claim 19
Independent Claim
166 words
A method for fully automated electronic transfer of funds between a sender and a recipient, comprising the steps of: receiving at an initiating terminal a designation of an amount of money to be electronically transferred from said sender; providing, by a central terminal, a unique personal identification number to said initiating terminal; providing, by said initiating terminal, said unique personal identification number to said sender; storing said amount of money to be transferred and said unique personal identification number at said central terminal; receiving at a dispensing terminal an entry corresponding to each of said designated amount of money and said unique personal identification number; providing by said dispensing terminal said entry corresponding to each of said designated amount of money and said unique personal identification number to said central terminal for confirmational comparison; and dispensing by said dispensing terminal of funds corresponding to said designated amount of money directly to said recipient without requiring said recipient to have a card to activate said dispensing terminal.
Claim 20
Dependent Claim
22 words
The method for fully automated electronic transfer of funds of claim 17, wherein said dispensing terminal is an automated teller machine (ATM).
Claim 21
Dependent Claim
33 words
The method for fully automated electronic transfer of funds of claim 17, wherein said step of receiving at an initiating terminal further comprises the step of receiving financial card information from said sender.
Claim 22
Dependent Claim
20 words
The method for fully automated electronic transfer of funds of claim 19, wherein said financial card is a debit card.
Claim 23
Dependent Claim
20 words
The method for fully automated electronic transfer of funds of claim 19, wherein said financial card is a credit card.
Claim 24
Dependent Claim
20 words
The method for fully automated electronic transfer of funds of claim 19, wherein said financial card is a smart card.
Claim 25
Dependent Claim
21 words
The method for fully automated electronic transfer of funds of claim 22, wherein said smart card is a stored value card.
Claim 26
Dependent Claim
30 words
The method for fully automated electronic transfer of funds of claim 17, wherein said step of receiving at an initiating terminal further comprises a step of encrypting said security code.
Claim 27
Dependent Claim
30 words
The method for fully automated electronic transfer of funds of claim 17, wherein said step of receiving at a dispensing terminal further comprises a step of encrypting said security code.
Claim 28
Dependent Claim
32 words
The method for fully automated electronic transfer of funds of claim 17, wherein said step of receiving at an initiating terminal further comprises a step of receiving actual currency from said sender.
Claim 29
Independent Claim
220 words
A method for fully automated electronic transfer of cash or cash equivalent between a sender and a recipient, comprising the steps of: receiving at an initiating terminal a designation of an amount of money to be electronically transferred corresponding to an amount of cash or cash equivalent desired by said sender to be provided to said recipient, and a security code from said sender; providing, by a central terminal, a unique personal identification number to said initiating terminal in exchange for receiving said amount and said security code; providing, by said initiating terminal, said unique personal identification number to said sender; storing said amount of money to be transferred, said security code, and said unique personal identification number in a file at said central terminal; receiving, at a dispensing terminal, an entry corresponding to each of said designated amount of money, said security code and said unique personal identification number; providing by said dispensing terminal said entry corresponding to each of said designated amount of money, said security code and said unique personal identification number to said central terminal for comparison with said stored file; and dispensing by said dispensing terminal of cash or cash equivalent corresponding to said designated amount of money directly to said recipient without requiring said recipient to have a card to activate said dispensing terminal.
Claim 30
Independent Claim
220 words
A method for fully automated electronic transfer of cash or cash equivalent between a sender and a recipient, comprising the steps of: receiving at an initiating terminal a designation of an amount of money to be electronically transferred corresponding to an amount of cash or cash equivalent desired by said sender to be provided to said recipient, and a security code from said sender; providing, by a central terminal, a unique personal identification number to said initiating terminal in exchange for receiving said amount and said security code; providing, by said initiating terminal, said unique personal identification number to said sender; storing said amount of money to be transferred, said security code, and said unique personal identification number in a file at said central terminal; receiving, at a dispensing terminal, an entry corresponding to each of said designated amount of money, said security code and said unique personal identification number; providing by said dispensing terminal said entry corresponding to each of said designated amount of money, said security code and said unique personal identification number to said central terminal for comparison with said stored file; and dispensing by said dispensing terminal of cash or cash equivalent corresponding to said designated amount of money directly to said recipient without requiring said recipient to have a card to activate said dispensing terminal.
Claim 31
Dependent Claim
25 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 27, wherein said dispensing terminal is an automated teller machine (ATM).
Claim 32
Dependent Claim
36 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 27, wherein said step of receiving at an initiating terminal further comprises the step of receiving financial card information from said sender.
Claim 33
Dependent Claim
23 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 29, wherein said financial card is a debit card.
Claim 34
Dependent Claim
23 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 29, wherein said financial card is a credit card.
Claim 35
Dependent Claim
23 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 29, wherein said financial card is a smart card.
Claim 36
Dependent Claim
24 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 32, wherein said smart card is a stored value card.
Claim 37
Dependent Claim
33 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 27, wherein said step of receiving at an initiating terminal further comprises a step of encrypting said security code.
Claim 38
Dependent Claim
33 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 27, wherein said step of receiving at a dispensing terminal further comprises a step of encrypting said security code.
Claim 39
Dependent Claim
25 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 27, wherein said cash equivalent is at least one traveller's cheque.
Claim 40
Dependent Claim
21 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 27, wherein said cash equivalent is stamps.
Claim 41
Dependent Claim
35 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 27, wherein said step of receiving at an initiating terminal further comprises a step of receiving actual currency from said sender.
Claim 42
Dependent Claim
190 words
A fully automated system for electronic transfer of cash or cash equivalent between a sender and a recipient, comprising: an initiating terminal for receiving a designation of an amount of money to be electronically transferred corresponding to an amount of cash or cash equivalent desired by said sender to be provided to said recipient, an account from which it is to be transferred, and a security code from said sender; a central terminal for receiving said amount and said security code, storing said amount of money to be transferred and said security code in a file therein; and a dispensing terminal for receiving from said recipient an entry corresponding to each of said designated amount of money and said security code, for providing said entry corresponding to each of said designated amount of money and said security code to said central terminal for comparison with said file, for receiving confirmation of positive match between said entry and said file, and for dispensing directly to the recipient cash or cash equivalent corresponding to said designated amount of money without requiring said recipient to have a card to activate said dispensing terminal.
Claim 43
Dependent Claim
190 words
A fully automated system for electronic transfer of cash or cash equivalent between a sender and a recipient, comprising: an initiating terminal for receiving a designation of an amount of money to be electronically transferred corresponding to an amount of cash or cash equivalent desired by said sender to be provided to said recipient, an account from which it is to be transferred, and a security code from said sender; a central terminal for receiving said amount and said security code, storing said amount of money to be transferred and said security code in a file therein; and a dispensing terminal for receiving from said recipient an entry corresponding to each of said designated amount of money and said security code, for providing said entry corresponding to each of said designated amount of money and said security code to said central terminal for comparison with said file, for receiving confirmation of positive match between said entry and said file, and for dispensing directly to the recipient cash or cash equivalent corresponding to said designated amount of money without requiring said recipient to have a card to activate said dispensing terminal.
Claim 44
Dependent Claim
25 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said initiating terminal is an automated teller machine (ATM).
Claim 45
Dependent Claim
28 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said initiating terminal is a personal computer with a graphical user interface.
Claim 46
Dependent Claim
28 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said initiating terminal is a touch-tone telephone with a voice response unit.
Claim 47
Dependent Claim
31 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said central terminal further comprises a number generator for generating said unique personal identification number.
Claim 48
Dependent Claim
25 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said dispensing terminal is an automated teller machine (ATM).
Claim 49
Dependent Claim
33 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said initiating terminal encrypts said security code before providing said encrypted security code to said central terminal.
Claim 50
Dependent Claim
33 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said dispensing terminal encrypts said security code before providing said encrypted security code to said central terminal.
Claim 51
Dependent Claim
30 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said designation of an amount of money is the provision of actual legal tender.
Claim 52
Dependent Claim
25 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said initiating terminal also includes a financial card reader.
Claim 53
Dependent Claim
23 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 48, wherein said financial card is a credit card.
Claim 54
Dependent Claim
23 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 48, wherein said financial card is a debit card.
Claim 55
Dependent Claim
23 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 48, wherein said financial card is a smart card.
Claim 56
Dependent Claim
24 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 51, wherein said smart card is a stored value card.
Claim 57
Dependent Claim
25 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said cash equivalent is at least one traveller's cheque.
Claim 58
Dependent Claim
21 words
The system for fully automated electronic transfer of cash or cash equivalent of claim 39, wherein said cash equivalent is stamps.
Claim 59
Independent Claim
177 words
A method for fully automated electronic transfer of cash or cash equivalent, comprising the steps of: receiving, at a central terminal, an electronic signal representing a designation of an amount of cash or cash equivalent to be electronically transferred and a security code from a sender; providing, by said central terminal, a unique personal identification number to be provided to said sender; storing said electronic signal representing said designation of an amount of cash or cash equivalent to be transferred and said security code, and said unique personal identification number in a file at said central terminal; receiving, by said central terminal, an entry corresponding to each of said designated amount of cash or cash equivalent, said security code and said unique personal identification number; comprising, by said central terminal, said electronic signal with said received entry for confirmational match; and providing, by said central terminal, a further signal to directly dispense cash or cash equivalent corresponding to said designated amount of money to a recipient without requiring a card to dispense said cash or cash equivalent.
Claim 60
Independent Claim
177 words
A method for fully automated electronic transfer of cash or cash equivalent, comprising the steps of: receiving, at a central terminal, an electronic signal representing a designation of an amount of cash or cash equivalent to be electronically transferred and a security code from a sender; providing, by said central terminal, a unique personal identification number to be provided to said sender; storing said electronic signal representing said designation of an amount of cash or cash equivalent to be transferred and said security code, and said unique personal identification number in a file at said central terminal; receiving, by said central terminal, an entry corresponding to each of said designated amount of cash or cash equivalent, said security code and said unique personal identification number; comprising, by said central terminal, said electronic signal with said received entry for confirmational match; and providing, by said central terminal, a further signal to directly dispense cash or cash equivalent corresponding to said designated amount of money to a recipient without requiring a card to dispense said cash or cash equivalent.
Claim 61
Dependent Claim
45 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 55, wherein said step of receiving, at a central terminal, an electronic signal representing a designation of an amount, further comprises the step of receiving financial card information from said sender.
Claim 62
Independent Claim
148 words
A method for fully automated electronic transfer of cash or cash equivalent, comprising the steps of: receiving, at a central terminal, an electronic signal representing a designation of an amount of cash or cash equivalent to be electronically transferred and a security code from a sender; storing said electronic signal representing said designation of an amount of cash or cash equivalent to be transferred and said security code, at said central terminal; receiving, by said central terminal, an entry provided, corresponding to each of said designated amount of cash or cash equivalent and said security code; comparing, by said central terminal, said electronic signal with said received entry for confirmational match; and providing, by said central terminal, a further signal to directly dispense cash or cash equivalent corresponding to said designated amount of money to a recipient without requiring a card to dispense said cash or cash equivalent.
Claim 63
Independent Claim
148 words
A method for fully automated electronic transfer of cash or cash equivalent, comprising the steps of: receiving, at a central terminal, an electronic signal representing a designation of an amount of cash or cash equivalent to be electronically transferred and a security code from a sender; storing said electronic signal representing said designation of an amount of cash or cash equivalent to be transferred and said security code, at said central terminal; receiving, by said central terminal, an entry provided, corresponding to each of said designated amount of cash or cash equivalent and said security code; comparing, by said central terminal, said electronic signal with said received entry for confirmational match; and providing, by said central terminal, a further signal to directly dispense cash or cash equivalent corresponding to said designated amount of money to a recipient without requiring a card to dispense said cash or cash equivalent.
Claim 64
Dependent Claim
45 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 57, wherein said step of receiving, at a central terminal, an electronic signal representing a designation of an amount, further comprises the step of receiving financial card information from said sender.
Claim 65
Independent Claim
166 words
A method for fully automated electronic transfer of cash or cash equivalent, comprising the steps of: receiving, at a central terminal, an electronic signal representing a designation of an amount of cash or cash equivalent to be electronically transferred from a sender; providing, by said central terminal, a unique personal identification number to be provided to said sender; storing said electronic signal representing said designation of an amount of cash or cash equivalent to be transferred and said unique personal identification number in a file at said central terminal receiving, by said central terminal, an entry corresponding to each of said designated amount of cash or cash equivalent and said unique personal identification number; comparing, by said central terminal, said electronic signal with said received entry for confirmational match; and providing, by said central terminal, a further signal to directly dispense cash or cash equivalent corresponding to said designated amount of money to a recipient without requiring a card to dispense said cash or cash equivalent.
Claim 66
Independent Claim
166 words
A method for fully automated electronic transfer of cash or cash equivalent, comprising the steps of: receiving, at a central terminal, an electronic signal representing a designation of an amount of cash or cash equivalent to be electronically transferred from a sender; providing, by said central terminal, a unique personal identification number to be provided to said sender; storing said electronic signal representing said designation of an amount of cash or cash equivalent to be transferred and said unique personal identification number in a file at said central terminal receiving, by said central terminal, an entry corresponding to each of said designated amount of cash or cash equivalent and said unique personal identification number; comparing, by said central terminal, said electronic signal with said received entry for confirmational match; and providing, by said central terminal, a further signal to directly dispense cash or cash equivalent corresponding to said designated amount of money to a recipient without requiring a card to dispense said cash or cash equivalent.
Claim 67
Dependent Claim
45 words
The method for fully automated electronic transfer of cash or cash equivalent of claim 59, wherein said step of receiving, at a central terminal, an electronic signal representing a designation of an amount, further comprises the step of receiving financial card information from said sender.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2000-07-21 | 2001-01-20 | 2001-07-22 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2004-07-21 | 2005-01-20 | 2005-07-22 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2008-07-21 | 2009-01-20 | 2009-07-22 | $7700.00 | Window Closed / Lapsed |