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
System for non-destructive image processing
Simulation tool for air traffic communications security
Nucleic acid-based tests for prenatal gender determination
Driving system of display panel having a circuit of a voltage generator and driving method thereof
Systems and methods for automated institutional processing of payments
Phase-amplitude 3-D stereo encoder and decoder
Systems and methods for universal enhanced log-in, identity document verification and dedicated survey participation
  Randomly Featured Patents
Preliminary heating installation for glow plugs in air-compressing internal combustion engines
Semiconductor device
Process for acyl substitution of anhydride by vanadyl salt catalyst
Method for creating a garment
Optical finger print input device for mobile apparatus
Tie fastener
Emission control valve with gas flow shut-off
Archival photoprint laminate
Unified multilevel memory system architecture which supports both cache and addressable SRAM
Interrupt controller