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
Printed circuit board unit having routing unit mounted thereon and computer device having the same
Embedded bonding pad for image sensors
Scalable architecture for rank order filtering
System and method for providing definitions
Sporting goal practice screen
Inter-cell power control in the presence of fractional frequency reuse
Advanced joint detection in a TD-SCDMA system
  Randomly Featured Patents
Magnetic head positioner for a magnetic disk apparatus
Non-electrification polymeric composite material
Process for purifying ethanol
Method for controlling the assembly cycle of a frame assembling machine and machine for carrying out the method
Battery system
Bioremediation apparatus for the removal of volatile organic compounds in hydrocarbon contaminated vapors
Vertebrate smoothened proteins
Pressure swing adsorption plants
System and method for generating markup language text templates
E-plane type wide band composite filter