Resources Contact Us Home
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
Dental plier
Indicating transfer in an IMS network
Use of Lactobacillus for liver protection
Light barrier and method for detecting objects
Control device of hybrid vehicle
Acrylic pressure-sensitive adhesive composition, acrylic pressure-sensitive adhesive layer, and acrylic pressure-sensitive adhesive tape
Manufactured product configuration
  Randomly Featured Patents
Method of manufacturing a thin layer detector for an integrating solid state dosimeter
Streamer discharge type lightening rod capable of generating lots of ions
Smart isolation base for sensitive structures such as nuclear power plants against earthquake disturbances
Method and apparatus for pointing to documents electronically using features extracted from a scanned icon representing a destination
Method of making a handbag
Process for the purification of carboxylic acids and/or their anyhdrides
Device for guiding a metal strip immersed in a liquid metal bath
Spiral band end detection
Method for handling audio/video source information
Method and apparatus for determining watercut fraction and gas fraction in three phase mixtures of oil, water and gas