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
IR(voltage) drop analysis in integrated circuit timing
Audio/video program-related hyperlink printer
Power saving methods for wireless systems
Method of publicly displaying a person's relationship status
Systems and methods of device-free motion detection and presence detection
Manufactured product configuration
Data processing system, data processing method, and image forming apparatus
  Randomly Featured Patents
Wave ripple wall
Adaptive equalizer employing filter input circuit in a circular structure
Parallel catadioptric optical element
Ultrasonic cone and method of construction
Promotional scanning and validating device
Architecture and process for simulating the data transmitted to a navigation management computer
SERODS optical data storage with parallel signal transfer
Semiconductor light detecting element
Lid opener for plastic pail
Tool for inserting tape into hard-to-reach area