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
Golf club with face angle adjustability
Cold and hot water balancing valve structure
Ramp system for bridging flexible cable to rigid rail
Techniques for management of shared resources in wireless multi-communication devices
Scoring relevance of a document based on image text
Systems and methods for verifying identities
Intake apparatus and system
  Randomly Featured Patents
Analytical assay device and methods using surfactant treated membranes to increase assay sensitivity
Inflatable side curtain with tensioning device
Epithelins: novel cysteine-rich growth modulating proteins
Fastening device with circumferential ribs and method for manufacturing the same
Hydraulic jacks
Stratified and cryogenically stored vaccines, process for their preparation
Eyeglass patch
Device for mounting articles of clothing in an ironing apparatus
Method of and apparatus for wave energy conversion using a float with excess buoyancy
Fuel hose