Resources Contact Us Home
Browse by: INVENTOR PATENT HOLDER PATENT NUMBER DATE
 
 
Method and system for remote delivery of retail banking services










Image Number 10 for United States Patent #5220501.

A practical system and method for the remote distribution of financial services (e.g., home banking and bill-paying) involves distributing portable terminals to a user base. The terminals include a multi-line display, keys "pointer to" lines on the display, and additional keys. Contact is established between the terminals and a central computer operated by a service provider, preferably over a dial-up telephone line and a packet data network. Information exchange between the central computer and the terminal solicits information from the terminal user related to requested financial services (e.g., for billpaying, the user provides payee selection and amount and his bank account PIN number). The central computer then transmits a message over a conventional ATM network debiting the user's bank account in real time, and may pay the specified payees the specified amount electronically or in other ways as appropriate. Payments and transfers may be scheduled in advance or on a periodic basis. Because the central computer interacts with the user's bank as a standard POS or ATM network node, no significant software changes are required at the banks' computers. The terminal interface is extremely user-friendly and incorporates some features of standard ATM user interfaces so as to reduce new user anxiety.








 
 
  Recently Added Patents
Quantifying the risks of applications for mobile devices
Imidazolidine-2,4-dione derivatives, and use thereof as a cancer drug
Implementing state-of-the-art gate transistor, sidewall profile/angle control by tuning gate etch process recipe parameters
System and method for burst separation and extended interleaving length
Switching element for a valve train of an internal combustion engine
System, method and computer program product for efficient caching of hierarchical items
Antitumoral compounds
  Randomly Featured Patents
Pressure controlled fresh air supply ventilation system using soil gas pressure as a reference, and method of use
Ophthalmic drug delivery system
Charging system, vehicle, and charging system control method
Multi-solution photographic processing method using multi-component developer compositions
Cup holder
Football game board
Process for preparing 1,1-dimethyl hydrazine
Glasses
Coupling system for securing an eyeglass frame to a cap visor
Fastening device