WO2002009001A1 - Method and system for performing a cash transaction with a self-service financial transaction terminal - Google Patents

Method and system for performing a cash transaction with a self-service financial transaction terminal Download PDF

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Publication number
WO2002009001A1
WO2002009001A1 PCT/US2001/022888 US0122888W WO0209001A1 WO 2002009001 A1 WO2002009001 A1 WO 2002009001A1 US 0122888 W US0122888 W US 0122888W WO 0209001 A1 WO0209001 A1 WO 0209001A1
Authority
WO
WIPO (PCT)
Prior art keywords
originator
recipient
cash
withdrawal
receiving
Prior art date
Application number
PCT/US2001/022888
Other languages
French (fr)
Inventor
Carol J. Rizzo
Phoebe Rin-Rin Hsu
Michael L. Sears
Original Assignee
Citicorp Development Center, Inc.
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Citicorp Development Center, Inc. filed Critical Citicorp Development Center, Inc.
Priority to AU2001277033A priority Critical patent/AU2001277033A1/en
Publication of WO2002009001A1 publication Critical patent/WO2002009001A1/en

Links

Classifications

    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F7/00—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
    • G07F7/08—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means
    • G07F7/10—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means together with a coded signal, e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
    • G07F7/1008—Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/10—Payment architectures specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
    • G06Q20/108—Remote banking, e.g. home banking
    • G06Q20/1085—Remote banking, e.g. home banking involving automatic teller machines [ATMs]
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/08—Payment architectures
    • G06Q20/20—Point-of-sale [POS] network systems
    • G06Q20/204—Point-of-sale [POS] network systems comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/305—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using wired telephone networks
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
    • G06Q20/34—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using cards, e.g. integrated circuit [IC] cards or magnetic cards
    • G06Q20/341—Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/385—Payment protocols; Details thereof using an alias or single-use codes
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/40—Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
    • G06Q20/401—Transaction verification
    • G06Q20/4014—Identity check for transactions
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/38—Payment protocols; Details thereof
    • G06Q20/42—Confirmation, e.g. check or permission by the legal debtor of payment
    • G06Q20/425—Confirmation, e.g. check or permission by the legal debtor of payment using two different networks, one for transaction and one for security confirmation
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F19/00—Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines
    • G07F19/20—Automatic teller machines [ATMs]
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F19/00—Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines
    • G07F19/20—Automatic teller machines [ATMs]
    • G07F19/201—Accessories of ATMs
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07F—COIN-FREED OR LIKE APPARATUS
    • G07F19/00—Complete banking systems; Coded card-freed arrangements adapted for dispensing or receiving monies or the like and posting such transactions to existing accounts, e.g. automatic teller machines
    • G07F19/20—Automatic teller machines [ATMs]
    • G07F19/203—Dispensing operations within ATMs

Definitions

  • the present invention relates generally to the field of self-service financial transaction terminals and more particularly to a method and system for performing a cash transaction with a self-service financial transaction terminal or automatic teller machine (ATM).
  • ATM automatic teller machine
  • an ATM transaction card It is not currently possible for the holder of an ATM transaction card to authorize another person, such as a non-cardholder who does not have a banking relationship with the cardholder's bank, to get cash from the cardholder's checking account, such as the cardholder's demand deposit checking account or other account of the cardholder, at an ATM. Even though the other person may have banking relationships with one or more banks other than the cardholder's bank, the cardholder cannot authorize a transfer of cash from his or her checking account through an ATM transaction to the other person who does not have access to the cardholder's checking account. There is a present need for a way to enable a transaction cardholder to authorize another person to withdraw a specified amount of cash from the cardholder's bank account at an ATM of the cardholder's bank, for example, to make a cash payment to the other person.
  • IVR interactive voice response
  • an embodiment of the present invention utilizes computer hardware and software to provide a method and system for performing a cash transaction with a self-service financial transaction terminal which enables the holder of a bank's transaction card to authorize another person who is a non- cardholder-recipient to withdraw a specified amount of cash at any ATM within the bank's ATM system.
  • the cardholder-originator can set up the transaction, for example, from a telephone using an IVR system, or utilizing an application on the ATM, or using an Internet website application.
  • the originator can set up the recipient's ATM transaction to be either cardless or card initiated.
  • the originator is allowed to access a financial institution server, such as an interactive voice response server, via an access portal, such as a telephonic device.
  • a financial institution server such as an interactive voice response server
  • the originator is allowed to access the financial institution server, for example, via an input device at a self-service financial transaction terminal of the financial institution, such as an ATM, or via an Internet website application.
  • the IVR server receives the originator's transaction card number and personal identification number via entry, for example, on a telephone keypad.
  • the IVR server then notifies the originator of a balance of a financial institution account of the originator and allows the originator to enter a selection of a transfer option from a voice menu of the IVR server.
  • the financial institution server Upon entry of the originator's selection of the transfer option, the financial institution server receives recipient identification information entered by the originator via the access portal in response to prompts.
  • the recipient identification information includes, for example, either a transaction card number for the recipient, if the originator selects a transaction card initiated transaction option for the recipient, or a cardless identifier for the recipient, if the originator selects a cardless transaction option for the recipient.
  • the transaction card number can be, for example, a credit card number or an ATM card number for the recipient, and the cardless identifier can be an alphabetic, numeric, or alphanumeric identifier known to the recipient.
  • the transaction terminal server Upon receipt of the recipient identification information, the transaction terminal server confirms the information to the originator via the access portal.
  • the originator can specify one or more predefined parameters for withdrawal of the cash by the recipient, such as a predetermined time period within which the withdrawal of the cash by the recipient is allowed or an enabling event, such as a telephone call, upon which withdrawal of the cash by the recipient is conditioned.
  • the financial institution server randomly generates and furnishes the originator a unique authentication code associated with the recipient identification information via the access portal.
  • the financial institution server receives a designation from the originator via the access portal of an amount of cash authorized for withdrawal by the recipient at any one of a number of financial institution transaction terminals or ATMs, as well as a source account for the authorized cash withdrawal, such as a checking account, savings account, or credit card account of the originator.
  • the amount of cash authorized for withdrawal is immediately deducted from the source account and held in a temporary account pending withdrawal of the cash by the recipient.
  • the financial institution server confirms the designated amount of cash authorized for withdrawal to the originator and offers the originator an option to cancel.
  • the originator is offered a selection of options of whether or not the originator is to be notified when the authorized cash is withdrawn by the recipient. If the originator selects the notification option, contact information for the originator, such as a telephone number, fax number, or an email address for the originator, is received from the originator in response to prompts, and the financial institution server confirms the contact information to the originator via the access portal. Thereafter, the financial institution server notifies the originator that the authorized cash is available for withdrawal by the recipient at any one of the plurality of financial institution transaction terminals or ATMs.
  • contact information for the originator such as a telephone number, fax number, or an email address for the originator
  • the originator If the originator furnished a transaction card number for the recipient, the originator is notified of a requirement for the recipient to dip a transaction card associated with the transaction card number and to enter the unique authentication code at the transaction terminal for withdrawal of the cash. On the other hand, if the originator furnished a cardless identifier for the recipient, the originator is notified of a requirement for the recipient to enter the cardless identifier and the unique authentication code at the transaction terminal for withdrawal of the cash. In addition, if the originator selected the option for notification when the authorized cash is withdrawn by the recipient, the originator is reminded that a confirmation call will be made to the originator when the cash is withdrawn.
  • the recipient can withdraw the cash at any one of a number of financial institution transaction terminals or ATMs.
  • the recipient enters the unique authentication code generated by the financial institution server and the recipient identification information that was furnished by the originator.
  • the authentication code and recipient identification information are verified by a financial institution back office server, and the back office server confirms a transaction pending for the cash withdrawal based on the verification and authorizes the recipient's withdrawal of the cash to the transaction terminal or ATM. If the originator selected the option for notification of the withdrawal, the originator is also notified, for example, of the date and location of the withdrawal.
  • Fig. 1 is a schematic diagram which illustrates an overview example of key components and the flow of information between key components of the system for an embodiment of the present invention utilizing an IVR application:
  • Fig. 2 is a flow chart which illustrates an example of process of arranging a special withdrawal transaction by telephone via the IVR application according to the method for an embodiment of the present invention;
  • Figs. 3-7 illustrate a sample IVR script for the process of requesting a special withdrawal transaction via telephone for an embodiment of the present invention.
  • Fig. 8 is a sample IVR script for the process of notifying the originator by telephone of the cash withdrawal in the method for an embodiment of the present invention.
  • the method and system for an embodiment of the present invention allows a financial institution cardholder to authorize a non-cardholder-recipient to withdraw a specified amount of cash at an ATM of the particular financial institution.
  • the cardholder can set up the transaction, for example, from any telephone using an interactive voice response (IVR) system, or by utilizing the application at a financial institution ATM, or by using an Internet website application for an embodiment of the invention.
  • IVR interactive voice response
  • the originator can set up the recipient's ATM transaction to be either cardless or card-initiated.
  • Fig. 1 is a schematic diagram which illustrates an overview example of key components and the flow of information between key components of the system for an embodiment of the present invention utilizing, for example, an IVR application.
  • the originator 10 at a telephone 12 sets up a transaction against his or her account as a type of future transaction, and is assigned an authorization code and other identifying information.
  • Other access portals for setting up the transaction include, for example, through the Internet and through the ATM machine itself.
  • the transaction is set up with a bank IVR server 14 which prompts the originator via the telephone 12, Internet or ATM access portal for the amount of the transfer and identifying information for the recipient 16 exactly as it will be entered by the recipient 16, such as numbers, letters, or the like, or a credit card or ATM card number.
  • the identifying information for the recipient 16 will not allow the recipient 16 to access the originator's account but serves to identify the recipient 16.
  • the bank IVR server 14 records that information.
  • the originator 10 is able to specify, for example, a time interval within which the recipient can pick up the cash at an ATM 18, such as immediately or at a later date and/or only between certain dates.
  • the cash can be set up for withdrawal by the redpient 16 subject to date restrictions, if any.
  • the originator 10 sets up the ATM transaction for the recipient 16
  • all that the recipient 16 is required to do is to go to an ATM 18, identify himself or herself using a unique identification code that was issued when the transaction was set up, and the recipient 16 can withdraw the cash or a portion of the cash.
  • Another aspect of an embodiment of the present invention is that once the cash is withdrawn by the recipient 16, a verification or confirmation telephone call is placed to the originator 10 who set up the transaction, giving the date, time and location of the ATM 18 at which the cash was withdrawn.
  • the originator 10 sets up the authorization for the cash transaction for an embodiment of the present invention
  • the amount of cash specified by the originator 10 for the transfer plus a fee is immediately withdrawn from the source account designated by the originator 10.
  • the specified amount of cash is then put into a transaction or escrow account, which is a temporary account awaiting pickup by the recipient 16.
  • the recipient 16 is not limited to picking up the cash at a specific ATM but can pick up the cash at any ATM in the bank' s ATM system.
  • the recipient 16 must identify himself or herself at the ATM 18 using the unique identification information that was provided by the originator 10.
  • the unique identification information is recognized by the bank's network host computer 20, which then confirms a transaction pending in the transaction account and authorizes the cash withdrawal to the ATM.
  • the ATM 18 has simply performed a normal cash withdrawal application, albeit against an escrow account or a temporary account with the bank.
  • the originator 10 can designate any linked account, such as a checking account, savings account, or possibly a credit card account, as the source of the funds for the withdrawal, depending on the customer and the customer profile.
  • Fig. 2 is a flow chart which illustrates an example of the process of arranging a special withdrawal transaction by telephone via the IVR application according to the method for an embodiment of the present invention.
  • the financial institution cardholder-originator 10 wishes to authorize the non-cardholder-recipient 16 to withdraw a specific amount of cash from a financial institution ATM 18, with the cash to be deducted from the originator's financial institution account.
  • the originator 10 calls a toll-free number for the financial institution IVR server 14 from any telephone 12 to set up the transaction.
  • the originator 10 uses the telephone keypad 22 to enter his/her financial institution transaction card number and financial institution access number and selects a transfer option from a voice menu.
  • the IVR system 14 prompts the originator 10 to enter information, such as the recipient's name or an identification phrase known by recipient 16, spelled exactly as it will be entered by the recipient 16 at the ATM 18, or any magnetic stripe card account number owned by the recipient 16, the amount of cash withdrawal to be authorized, and the originator's telephone, fax, or email number for confirmation of the transaction
  • the IVR system 14 confirms these items to the originator 10, voicing the spelling of the name or the code word.
  • the IVR system 14 also generates and voices a unique alphabetic code word, which the originator 10 must record.
  • the originator 10 provides the ID and code word to the recipient 16.
  • the recipient 16 can then visit any financial institution ATM 18 and access the application for an embodiment of the present invention using either the ID or the registered card number, and authenticated by the code word.
  • the bank's network host computer system 20 verifies the items entered by the recipient 16 at the ATM 18, and once these items are verified by the system 20, at S7, the recipient 16 can withdraw the authorized amount of cash from the ATM 18.
  • the originator 10 can impose a valid pick-up date restriction, and the recipient 16 can make a withdrawal of a partial amount of the total authorized by the originator 10.
  • Figs. 3-7 illustrate a sample IVR script for the process of requesting a special withdrawal transaction by telephone for an embodiment of the present invention.
  • the originator 10 dials up the IVR number and is furnished information about the transfer service, and at SI 1, the originator 10 enters a bankcard number in response to a prompt.
  • the originator 10 enters a PIN number in response to a prompt, and at SI 3, the originator 10 is notified of his or her checking account balance.
  • SI 4 the originator 10 is asked whether the recipient 16 will use the number of an ATM card or credit card for identification.
  • the originator 10 responds in the affirmative, at SI 5, the originator 10 enters the recipient's card number in response to a prompt, and at SI 6, the originator 10 is requested to confirm or correct the entered number. If, at SI 4, the originator 10 responded in the negative, at SI 7, in response to a prompt, the originator 10 enters an identification number that the recipient 16 will use at the ATM. At SI 8, the originator 10 is requested to confirm or correct the entered identification number. Referring further to Figs. 3-7, at SI 9, a unique and randomized authentication code is generated and furnished to the originator 10, and at S20, the originator 10 enters an amount of the cash transfer in response to a prompt.
  • the originator 10 is requested to confirm or correct the entered amount, and at S22, the originator 10 is requested to confirm or cancel the transaction.
  • the originator 10 is offered an option to be notified by telephone when the recipient 16 withdraws the cash, and if the response is affirmative, the originator 10 enters a telephone number at S24 and confirms or corrects the number at S25 in response to prompts.
  • the originator 10 is advised that the cash is available to be picked up by the recipient 16.
  • the originator 10 if a card number for the recipient 16 was furnished at SI 5, at S27, the originator 10 is notified that the recipient 16 will be asked to dip the card and enter the authentication code to withdraw the cash at an ATM 18. Otherwise, if the originator 10 entered an identification number for the recipient 16 at SI 7, at S28, the originator 10 will be notified that the recipient 16 will be asked to enter the identification number and authentication code to withdraw the cash at an ATM 18. At S29, the originator 10 is notified that the recipient 16 will receive the authorized cash, and at S30, the originator 10 is notified that a confirmation call will be made to the originator 10 when the cash is withdrawn.
  • Fig. 8 is a sample IVR script for the process of notifying the originator 10 by telephone of the cash withdrawal in the method for an embodiment of the present invention.
  • the system generates a telephone call to the originator's telephone number.
  • the originator 10 is notified that the cash was withdrawn and the date and location of the ATM 18 at which the cash was withdrawn.
  • An embodiment of the present invention facilitates various types of transfers or payments of cash, such as a transfer of cash by the originator 10 to his or her child-recipient 16 at college.
  • a transfer of cash by the originator 10 to his or her child-recipient 16 at college For example, if a son or daughter of the originator 10 in college at a distant location needs $500 cash immediately, the system and method of the present invention provides a way for the son or daughter to pick up the cash with the convenience of a two-minute telephone call from his or her parent.
  • Another example of use of the method and system of the present invention includes a householder who goes on a trip and forgets to leave money for the twice- weekly cleaning person. The householder-originator 10 can likewise arrange a pick-up of cash for the cleaning person-recipient 16 at the ATM 18.
  • An additional example of use of an embodiment of the present invention includes settlement of a debt across country with a partner or business associate.
  • a further example of use of an embodiment of the present invention is payment to a seller in a transaction, such as an on-line auction. If the originator 10 places no restrictions on the pick-up by the recipient 16 of the cash at an ATM 18, the cash can be picked up virtually immediately. However, the buyer- originator 10 in an on-line auction transaction can specify a pre-determined delay, such as two days, on the pick-up time to allow the buyer-originator 10 to receive the purchased goods or the like.
  • an alternate embodiment of the present invention makes use of an enabling event, such as a telephone call or other message, from or on behalf of the originator 10 to actually enable the release of funds from the escrow.
  • an enabling event such as a telephone call or other message

Abstract

A method and system (see Fig. 1) for performing a cash transaction with a self-service financial transaction terminal (12) makes use of computer hardware and software that allows a financial institution cardholder to authorize a recipient to withdraw a specified amount of cash at an ATM of the particular financial institution. The cardholder can set up the transaction from a telephone using an interactive voice system (IVR), or by utilizing the application at a financial institution ATM, or by using an Internet website application. The initiator can set up the recipient's ATM transaction to be either cardless or card-initiated.

Description

METHOD AND SYSTEM FOR PERFORMING A CASH TRANSACTION WITH A SELF-SERVICE FINANCIAL TRANSACTION TERMINAL
Priority Application This application claims the benefit of U.S. Provisional Application No.
60/219,768 filed July 20, 2000, entitled "Method and System for Performing a Cash Transaction With a Self-Service Financial Transaction Terminal (Phone Cash)," which is incorporated herein by this reference.
Cross Reference to Related Applications
This application relates to U.S. Patent Application Ser. No. 09/378,961 filed August 23, 1999, entitled "Method and System For Transferring Funds From An Account To An Individual," which is incorporated herein by this reference.
Field of the Invention
The present invention relates generally to the field of self-service financial transaction terminals and more particularly to a method and system for performing a cash transaction with a self-service financial transaction terminal or automatic teller machine (ATM).
Background of the Invention
It is not currently possible for the holder of an ATM transaction card to authorize another person, such as a non-cardholder who does not have a banking relationship with the cardholder's bank, to get cash from the cardholder's checking account, such as the cardholder's demand deposit checking account or other account of the cardholder, at an ATM. Even though the other person may have banking relationships with one or more banks other than the cardholder's bank, the cardholder cannot authorize a transfer of cash from his or her checking account through an ATM transaction to the other person who does not have access to the cardholder's checking account. There is a present need for a way to enable a transaction cardholder to authorize another person to withdraw a specified amount of cash from the cardholder's bank account at an ATM of the cardholder's bank, for example, to make a cash payment to the other person.
Summary of the Invention
It is a feature and advantage of the present invention to provide a method and system for performing a cash transaction with an ATM that enables a transaction cardholder to authorize another person to withdraw a specified amount of cash from the cardholder's bank account at any ATM of the cardholder's bank, for example, to make a cash payment to the other person.
It is another feature and advantage of the present invention to provide a method and system for performing a cash transaction with an ATM which enables the holder of an ATM transaction card to authorize another person who does not have a banking relationship with the cardholder's bank to get cash from the cardholder's checking account, such as the cardholder's demand deposit checking account or other account of the cardholder, at the ATM.
It is a further feature and advantage of the present invention to provide a method and system for performing a cash transaction with an ATM that enables the cardholder-originator to set up the ATM transaction for another person to withdraw cash, for example, from a telephone using an interactive voice response (IVR) system, an application on the ATM, or an Internet website application as an access portal.
It is an additional feature and advantage of the present invention to provide a method and system for performing a cash transaction with an ATM that allows the cardholder-originator to specify a time interval within which the recipient can pick up the cash at the ATM, such as immediately or at a later date and/or only between certain dates.
To achieve the stated and other features, advantages and objects of the present invention, an embodiment of the present invention utilizes computer hardware and software to provide a method and system for performing a cash transaction with a self-service financial transaction terminal which enables the holder of a bank's transaction card to authorize another person who is a non- cardholder-recipient to withdraw a specified amount of cash at any ATM within the bank's ATM system. The cardholder-originator can set up the transaction, for example, from a telephone using an IVR system, or utilizing an application on the ATM, or using an Internet website application. The originator can set up the recipient's ATM transaction to be either cardless or card initiated.
In the method and system for an embodiment of the present invention, the originator is allowed to access a financial institution server, such as an interactive voice response server, via an access portal, such as a telephonic device. Alternatively, the originator is allowed to access the financial institution server, for example, via an input device at a self-service financial transaction terminal of the financial institution, such as an ATM, or via an Internet website application. The IVR server receives the originator's transaction card number and personal identification number via entry, for example, on a telephone keypad. The IVR server then notifies the originator of a balance of a financial institution account of the originator and allows the originator to enter a selection of a transfer option from a voice menu of the IVR server. Upon entry of the originator's selection of the transfer option, the financial institution server receives recipient identification information entered by the originator via the access portal in response to prompts. The recipient identification information includes, for example, either a transaction card number for the recipient, if the originator selects a transaction card initiated transaction option for the recipient, or a cardless identifier for the recipient, if the originator selects a cardless transaction option for the recipient. The transaction card number can be, for example, a credit card number or an ATM card number for the recipient, and the cardless identifier can be an alphabetic, numeric, or alphanumeric identifier known to the recipient. Upon receipt of the recipient identification information, the transaction terminal server confirms the information to the originator via the access portal. In addition, the originator can specify one or more predefined parameters for withdrawal of the cash by the recipient, such as a predetermined time period within which the withdrawal of the cash by the recipient is allowed or an enabling event, such as a telephone call, upon which withdrawal of the cash by the recipient is conditioned. On receiving the recipient identification information, the financial institution server randomly generates and furnishes the originator a unique authentication code associated with the recipient identification information via the access portal.
Thereafter, in response to prompts, the financial institution server receives a designation from the originator via the access portal of an amount of cash authorized for withdrawal by the recipient at any one of a number of financial institution transaction terminals or ATMs, as well as a source account for the authorized cash withdrawal, such as a checking account, savings account, or credit card account of the originator. The amount of cash authorized for withdrawal is immediately deducted from the source account and held in a temporary account pending withdrawal of the cash by the recipient. The financial institution server confirms the designated amount of cash authorized for withdrawal to the originator and offers the originator an option to cancel.
In addition, the originator is offered a selection of options of whether or not the originator is to be notified when the authorized cash is withdrawn by the recipient. If the originator selects the notification option, contact information for the originator, such as a telephone number, fax number, or an email address for the originator, is received from the originator in response to prompts, and the financial institution server confirms the contact information to the originator via the access portal. Thereafter, the financial institution server notifies the originator that the authorized cash is available for withdrawal by the recipient at any one of the plurality of financial institution transaction terminals or ATMs. If the originator furnished a transaction card number for the recipient, the originator is notified of a requirement for the recipient to dip a transaction card associated with the transaction card number and to enter the unique authentication code at the transaction terminal for withdrawal of the cash. On the other hand, if the originator furnished a cardless identifier for the recipient, the originator is notified of a requirement for the recipient to enter the cardless identifier and the unique authentication code at the transaction terminal for withdrawal of the cash. In addition, if the originator selected the option for notification when the authorized cash is withdrawn by the recipient, the originator is reminded that a confirmation call will be made to the originator when the cash is withdrawn.
Assuming that the recipient is made aware of the availability of the authorized cash for withdrawal, the authentication code, and the particular recipient identification information furnished by the originator, the recipient can withdraw the cash at any one of a number of financial institution transaction terminals or ATMs. At the transaction terminal or ATM, the recipient enters the unique authentication code generated by the financial institution server and the recipient identification information that was furnished by the originator. The authentication code and recipient identification information are verified by a financial institution back office server, and the back office server confirms a transaction pending for the cash withdrawal based on the verification and authorizes the recipient's withdrawal of the cash to the transaction terminal or ATM. If the originator selected the option for notification of the withdrawal, the originator is also notified, for example, of the date and location of the withdrawal.
Additional objects, advantages and novel features of the invention will be set forth in part in the description which follows, and in part will become more apparent to those skilled in the art upon examination of the following or may be learned by practice of the invention. Brief Description of the Attachments
Fig. 1 is a schematic diagram which illustrates an overview example of key components and the flow of information between key components of the system for an embodiment of the present invention utilizing an IVR application: Fig. 2 is a flow chart which illustrates an example of process of arranging a special withdrawal transaction by telephone via the IVR application according to the method for an embodiment of the present invention;
Figs. 3-7 illustrate a sample IVR script for the process of requesting a special withdrawal transaction via telephone for an embodiment of the present invention; and
Fig. 8 is a sample IVR script for the process of notifying the originator by telephone of the cash withdrawal in the method for an embodiment of the present invention.
Detailed Description
Referring now to an embodiment of the invention, an example of which is illustrated in the accompanying drawings, the method and system for an embodiment of the present invention allows a financial institution cardholder to authorize a non-cardholder-recipient to withdraw a specified amount of cash at an ATM of the particular financial institution. The cardholder can set up the transaction, for example, from any telephone using an interactive voice response (IVR) system, or by utilizing the application at a financial institution ATM, or by using an Internet website application for an embodiment of the invention. The originator can set up the recipient's ATM transaction to be either cardless or card-initiated.
Fig. 1 is a schematic diagram which illustrates an overview example of key components and the flow of information between key components of the system for an embodiment of the present invention utilizing, for example, an IVR application. Referring to Fig. 1, in the IVR aspect, the originator 10 at a telephone 12 sets up a transaction against his or her account as a type of future transaction, and is assigned an authorization code and other identifying information. Other access portals for setting up the transaction include, for example, through the Internet and through the ATM machine itself. The transaction is set up with a bank IVR server 14 which prompts the originator via the telephone 12, Internet or ATM access portal for the amount of the transfer and identifying information for the recipient 16 exactly as it will be entered by the recipient 16, such as numbers, letters, or the like, or a credit card or ATM card number. The identifying information for the recipient 16 will not allow the recipient 16 to access the originator's account but serves to identify the recipient 16. The bank IVR server 14 records that information.
In an embodiment of the present invention the originator 10 is able to specify, for example, a time interval within which the recipient can pick up the cash at an ATM 18, such as immediately or at a later date and/or only between certain dates. Thus, the cash can be set up for withdrawal by the redpient 16 subject to date restrictions, if any. Once the originator 10 sets up the ATM transaction for the recipient 16, all that the recipient 16 is required to do is to go to an ATM 18, identify himself or herself using a unique identification code that was issued when the transaction was set up, and the recipient 16 can withdraw the cash or a portion of the cash. Another aspect of an embodiment of the present invention is that once the cash is withdrawn by the recipient 16, a verification or confirmation telephone call is placed to the originator 10 who set up the transaction, giving the date, time and location of the ATM 18 at which the cash was withdrawn.
When the originator 10 sets up the authorization for the cash transaction for an embodiment of the present invention, the amount of cash specified by the originator 10 for the transfer plus a fee is immediately withdrawn from the source account designated by the originator 10. The specified amount of cash is then put into a transaction or escrow account, which is a temporary account awaiting pickup by the recipient 16. The recipient 16 is not limited to picking up the cash at a specific ATM but can pick up the cash at any ATM in the bank' s ATM system. The recipient 16 must identify himself or herself at the ATM 18 using the unique identification information that was provided by the originator 10.
In an embodiment of the present invention, once the recipient 16 enters the identification information at the ATM 18, the unique identification information is recognized by the bank's network host computer 20, which then confirms a transaction pending in the transaction account and authorizes the cash withdrawal to the ATM. As far as the ATM 18 is concerned, the ATM 18 has simply performed a normal cash withdrawal application, albeit against an escrow account or a temporary account with the bank. Subject to applicable rules and regulations, the originator 10 can designate any linked account, such as a checking account, savings account, or possibly a credit card account, as the source of the funds for the withdrawal, depending on the customer and the customer profile.
Fig. 2 is a flow chart which illustrates an example of the process of arranging a special withdrawal transaction by telephone via the IVR application according to the method for an embodiment of the present invention. Referring to Fig. 2, assume, for example, that the financial institution cardholder-originator 10 wishes to authorize the non-cardholder-recipient 16 to withdraw a specific amount of cash from a financial institution ATM 18, with the cash to be deducted from the originator's financial institution account. At SI, the originator 10 calls a toll-free number for the financial institution IVR server 14 from any telephone 12 to set up the transaction. At S2, the originator 10 uses the telephone keypad 22 to enter his/her financial institution transaction card number and financial institution access number and selects a transfer option from a voice menu. At S3, the IVR system 14 prompts the originator 10 to enter information, such as the recipient's name or an identification phrase known by recipient 16, spelled exactly as it will be entered by the recipient 16 at the ATM 18, or any magnetic stripe card account number owned by the recipient 16, the amount of cash withdrawal to be authorized, and the originator's telephone, fax, or email number for confirmation of the transaction Referring further to Fig. 2, at S4, the IVR system 14 confirms these items to the originator 10, voicing the spelling of the name or the code word. The IVR system 14 also generates and voices a unique alphabetic code word, which the originator 10 must record. At S4, the originator 10 provides the ID and code word to the recipient 16. At S5, the recipient 16 can then visit any financial institution ATM 18 and access the application for an embodiment of the present invention using either the ID or the registered card number, and authenticated by the code word. At S6, the bank's network host computer system 20 verifies the items entered by the recipient 16 at the ATM 18, and once these items are verified by the system 20, at S7, the recipient 16 can withdraw the authorized amount of cash from the ATM 18. In addition, the originator 10 can impose a valid pick-up date restriction, and the recipient 16 can make a withdrawal of a partial amount of the total authorized by the originator 10.
Figs. 3-7 illustrate a sample IVR script for the process of requesting a special withdrawal transaction by telephone for an embodiment of the present invention. Referring to Figs. 3-7, at S10, the originator 10 dials up the IVR number and is furnished information about the transfer service, and at SI 1, the originator 10 enters a bankcard number in response to a prompt. At S12,the originator 10 enters a PIN number in response to a prompt, and at SI 3, the originator 10 is notified of his or her checking account balance. At SI 4, the originator 10 is asked whether the recipient 16 will use the number of an ATM card or credit card for identification. If the originator 10 responds in the affirmative, at SI 5, the originator 10 enters the recipient's card number in response to a prompt, and at SI 6, the originator 10 is requested to confirm or correct the entered number. If, at SI 4, the originator 10 responded in the negative, at SI 7, in response to a prompt, the originator 10 enters an identification number that the recipient 16 will use at the ATM. At SI 8, the originator 10 is requested to confirm or correct the entered identification number. Referring further to Figs. 3-7, at SI 9, a unique and randomized authentication code is generated and furnished to the originator 10, and at S20, the originator 10 enters an amount of the cash transfer in response to a prompt. At S21, the originator 10 is requested to confirm or correct the entered amount, and at S22, the originator 10 is requested to confirm or cancel the transaction. At S23, the originator 10 is offered an option to be notified by telephone when the recipient 16 withdraws the cash, and if the response is affirmative, the originator 10 enters a telephone number at S24 and confirms or corrects the number at S25 in response to prompts. At S26, the originator 10 is advised that the cash is available to be picked up by the recipient 16.
Referring again to Figs. 3-7, if a card number for the recipient 16 was furnished at SI 5, at S27, the originator 10 is notified that the recipient 16 will be asked to dip the card and enter the authentication code to withdraw the cash at an ATM 18. Otherwise, if the originator 10 entered an identification number for the recipient 16 at SI 7, at S28, the originator 10 will be notified that the recipient 16 will be asked to enter the identification number and authentication code to withdraw the cash at an ATM 18. At S29, the originator 10 is notified that the recipient 16 will receive the authorized cash, and at S30, the originator 10 is notified that a confirmation call will be made to the originator 10 when the cash is withdrawn. At S31 the originator 10 is offered an opportunity to set up another cash transfer, and at S32, the session is concluded with a "Thank You." Fig. 8 is a sample IVR script for the process of notifying the originator 10 by telephone of the cash withdrawal in the method for an embodiment of the present invention. Referring to Fig. 8, at S40, after the recipient 16 withdraws the cash using the transfer service, the system generates a telephone call to the originator's telephone number. At S41, the originator 10 is notified that the cash was withdrawn and the date and location of the ATM 18 at which the cash was withdrawn.
An embodiment of the present invention facilitates various types of transfers or payments of cash, such as a transfer of cash by the originator 10 to his or her child-recipient 16 at college. For example, if a son or daughter of the originator 10 in college at a distant location needs $500 cash immediately, the system and method of the present invention provides a way for the son or daughter to pick up the cash with the convenience of a two-minute telephone call from his or her parent. Another example of use of the method and system of the present invention includes a householder who goes on a trip and forgets to leave money for the twice- weekly cleaning person. The householder-originator 10 can likewise arrange a pick-up of cash for the cleaning person-recipient 16 at the ATM 18. An additional example of use of an embodiment of the present invention includes settlement of a debt across country with a partner or business associate. A further example of use of an embodiment of the present invention is payment to a seller in a transaction, such as an on-line auction. If the originator 10 places no restrictions on the pick-up by the recipient 16 of the cash at an ATM 18, the cash can be picked up virtually immediately. However, the buyer- originator 10 in an on-line auction transaction can specify a pre-determined delay, such as two days, on the pick-up time to allow the buyer-originator 10 to receive the purchased goods or the like. Further, instead of specifying a beginning date and an ending date for the permitted pick-up interval, an alternate embodiment of the present invention makes use of an enabling event, such as a telephone call or other message, from or on behalf of the originator 10 to actually enable the release of funds from the escrow.
Various preferred embodiments of the invention have been described in fulfillment of the various objects of the invention. It should be recognized that these embodiments are merely illustrative of the principles of the present invention. Numerous modifications and adaptations thereof will be readily apparent to those skilled in the art without departing from the spirit and scope of the present invention.

Claims

What is claimed is:
1. A method for performing a cash transaction with a self-service financial transaction terminal, comprising: allowing an originator to access a financial institution server via an access portal; receiving recipient identification information from the originator by the financial institution server via the access portal; furnishing a unique authentication code associated with the recipient identification information to the originator by the financial institution server via the access portal; receiving a designation from the originator by the financial institution server via the access portal of an amount of cash authorized for withdrawal by the recipient at any one of a plurality of financial institution transaction terminals and a source account for the amount of cash authorized for withdrawal; receiving a selection from the originator by the financial institution server via the access portal for one of an option for notification of the originator and an option for non-notification of the originator when the authorized cash is withdrawn by the recipient; notifying the originator by the financial institution server via the access portal of an availability of the authorized cash for withdrawal by the recipient at any one of the plurality of financial institution transaction terminals; allowing withdrawal of the cash by the recipient at one of the plurality of financial institution transaction terminal; and if the originator's selection of the option for notification of the originator is received, notifying the originator of the withdrawal of the cash.
2. The method of claim 1, wherein allowing the originator to access the server further comprises allowing the originator to access an interactive voice response server via a telephonic device.
3. The method of claim 2, wherein allowing the originator to access the interactive voice response server further comprises receiving an originator's transaction card number and personal identification number from the originator by the interactive voice response server.
4. The method of claim 3, wherein allowing the originator to access the interactive voice response server further comprises allowing the originator to enter the originator's transaction card number and personal identification number via a telephone keypad.
5. The method of claim 3, wherein allowing the originator to access the interactive voice response server further comprises notifying the originator of a balance of a financial institution account of the originator by the interactive voice response server via the access portal.
6. The method of claim 3, wherein allowing the originator to access the interactive voice response server further comprises allowing the originator to enter a selection of a transfer option from a voice menu of the interactive voice response server.
7. The method of claim 1 , wherein allowing the originator to access the • server further comprises allowing the originator to access the server via an input device at a self-service financial transaction terminal of the financial institution.
8. The method of claim 1 , wherein allowing the originator to access the server further comprises allowing the originator to access the server via an Internet website application.
9. The method of claim 1 , wherein receiving the recipient identification information further comprises receiving one of a transaction card number for the recipient and a cardless identifier for the recipient from the originator.
10. The method of claim 9, wherein receiving the transaction card number for the recipient further comprises receiving a selection from the originator of a transaction card initiated transaction terminal transaction for the recipient.
11. The method of claim 9, wherein receiving the transaction card number for the recipient further comprises receiving one of a credit card number and an ATM card number for the recipient.
12. The method of claim 9, wherein receiving the cardless identifier for the recipient further comprises receiving a selection from the originator of a cardless transaction terminal transaction for the recipient.
13. The method of claim 12, wherein receiving the cardless identifier for the recipient further comprises receiving one of an alphabetic, a numeric, and an alphanumeric identifier known to the recipient.
14. The method of claim 1, wherein receiving the recipient identification information further comprises confirming the recipient identification information to the originator by the transaction terminal server via the access portal.
15. The method of claim 1 , wherein receiving the recipient identification information further comprises receiving a specification of a predefined parameter from the originator for withdrawal of the cash by the recipient.
16. The method of claim 15, wherein receiving the specification of the predefined parameter for withdrawal of the cash further comprises receiving a specification from the originator of a predetermined time period within which the withdrawal of the cash by the recipient is allowed.
17. The method of claim 15 , wherein receiving the specification of the predefined parameter for withdrawal of the cash further comprises receiving a specification from the originator of an enabling event upon which withdrawal of the cash by the recipient is conditioned.
18. The method of claim 1 , wherein receiving the designation of the amount of cash authorized for withdrawal and the source account further comprises receiving the designation of one of a checking account, a savings account, and a credit card account of the originator as the source account.
19. The method of claim 1 , wherein receiving the designation of the amount of cash authorized for withdrawal and the source account further comprises deducting the amount of cash authorized for withdrawal from the source account.
20. The method of claim 19, wherein deducting the amount of cash authorized for withdrawal further comprises holding the deducted amount of cash in a temporary account pending withdrawal of the cash by the recipient.
21. The method of claim 1, wherein receiving the designation of the amount of cash authorized for withdrawal by the recipient further comprises confirming the designation to the originator by the financial institution server via the access portal.
22. The method of claim 21 , wherein confirming the designation of the amount of cash authorized for withdrawal further comprises offering the originator an option to cancel by the financial institution terminal via the access portal.
23. The method of claim 1, wherein, if the selection for the option for notification of the originator is received, receiving the selection for the option for notification of the originator further comprises receiving contact information for the originator by the financial institution server via the access portal.
24. The method of claim 23, wherein receiving the contact information for the originator further comprises receiving one of a telephone number, a fax number, and an email address for the originator.
25. The method of claim 24, wherein receiving the contact information for the originator further comprises confirming the contact information to the originator by the financial institution server via the access portal.
26. The method of claim 1 , wherein, if a transaction card number for the recipient is received by the financial institution server from the originator via the access portal, notifying the originator of the availability of the authorized cash for withdrawal further comprises notifying the originator of a requirement for the recipient to dip a transaction card associated with the transaction card number and to enter the unique authentication code at the transaction terminal for withdrawal of the cash.
27. The method of claim 1 , wherein, if a cardless identifier for the recipient is received by the financial institution server from the originator via the access portal, notifying the originator of the availability of the authorized cash for withdrawal further comprises notifying the originator of a requirement for the recipient to enter the cardless identifier and the unique authentication code at the transaction terminal for withdrawal of the cash.
28. The method of claim 1, wherein, if the originator's selection of the option for notification of the originator is received, notifying the originator of the availability of the designated cash for the withdrawal by the recipient further comprises notifying the originator that a confirmation call will be made to the originator when the cash is withdrawn.
29. The method of claim 1 , wherein allowing withdrawal of the cash by the recipient further comprises receiving the unique authentication code and recipient identification information from the recipient at the transaction terminal.
30. The method of claim 29, wherein receiving the recipient identification information from the recipient further comprises receiving one of a transaction card number for the recipient and a cardless identifier for the recipient.
31. The method of claim 29, wherein receiving the authentication code and recipient identification information from the recipient further comprises verifying the authentication code and recipient identification information by a financial institution back office server.
32. The method of claim 31, wherein verifying the authentication code and recipient identification information further comprises confirming a transaction pending for the authorized cash withdrawal by the financial institution back office server based on the verified authentication code and recipient identification information.
33. The method of claim 32, wherein confirming the transaction pending by the financial institution back office server further comprises authorizing the recipient's withdrawal of the cash to the transaction terminal by the back office server.
34. The method of claim 1 , wherein allowing withdrawal of the cash by the recipient further comprises allowing the withdrawal of a portion of the cash authorized for withdrawal by the recipient.
35. The method of claim 1 , wherein notifying the originator of the withdrawal further comprises notifying the originator according to contact information furnished by the originator.
36. The method of claim 35, wherein notifying the originator of the withdrawal further comprises notifying the originator by one of telephonic notification, fax notification, and email notification according to the contact information furnished by the originator.
37. The method of claim 1 , wherein notifying the originator of the withdrawal further comprises notifying the originator of a date and a location of the transaction terminal of the withdrawal.
38. A system for performing a cash transaction with a self-service financial transaction terminal, comprising: means for allowing an originator to access a financial institution server via an access portal; means for receiving recipient identification information from the originator by the financial institution server via the access portal; means for furnishing a unique authentication code associated with the recipient identification information to the originator by the financial institution server via the access portal; means for receiving a designation from the originator by the financial institution server via the access portal of an amount of cash authorized for withdrawal by the recipient at any one of a plurality of financial institution transaction terminals and a source account for the amount of cash authorized for withdrawal; means for receiving a selection from the originator by the financial institution server via the access portal for one of an option for notification of the originator and an option for non-notification of the originator when the authorized cash is withdrawn by the recipient; means for notifying the originator by the financial institution server via the access portal of an availability of the authorized cash for withdrawal by the recipient at any one of the plurality of financial institution transaction terminals; means for allowing withdrawal of the cash by the recipient at one of the plurality of financial institution transaction terminal; and means for notifying the originator of the withdrawal of the cash if the originator's selection of the option for notification of the originator is received.
39. The system of claim 38, wherein the means for allowing the originator to access the server further comprises means for allowing the originator to access an interactive voice response server via a telephonic device.
40. The system of claim 39, wherein the means for allowing the originator to access the interactive voice response server further comprises means for receiving an originator's transaction card number and personal identification number from the originator by the interactive voice response server.
41. The system of claim 40, wherein the means for allowing the originator to access the interactive voice response server further comprises means for allowing the originator to enter the originator's transaction card number and personal identification number via a telephone keypad.
42. The system of claim 40, wherein the means for allowing the originator to access the interactive voice response server further comprises means for notifying the originator of a balance of a financial institution account of the originator by the interactive voice response server via the access portal.
43. The system of claim 40, wherein the means for allowing the originator to access the interactive voice response server further comprises means for allowing the originator to enter a selection of a transfer option from a voice menu of the interactive voice response server.
44. The system of claim 38, wherein the means for allowing the originator to access the server further comprises means for allowing the originator to access the server via an input device at a self-service financial transaction terminal of the financial institution.
45. The system of claim 38, wherein the means for allowing the originator to access the server further comprises means for allowing the originator to access the server via an Internet website application.
46. The system of claim 38, wherein the means for receiving the recipient identification information further comprises means for receiving one of a transaction card number for the recipient and a cardless identifier for the recipient from the originator.
47. The system of claim 46, wherein the means for receiving the transaction card number for the recipient further comprises means for receiving a selection from the originator of a transaction card initiated transaction terminal transaction for the recipient.
48. The system of claim 46, wherein the means for receiving the transaction card number for the recipient further comprises means for receiving one of a credit card number and an ATM card number for the recipient.
49. The system of claim 46, wherein the means for receiving the cardless identifier for the recipient further comprises means for receiving a selection from the originator of a cardless transaction terminal transaction for the recipient.
50. The system of claim 49, wherein the means for receiving the cardless identifier for the recipient further comprises means for receiving one of an alphabetic, a numeric, and an alphanumeric identifier known to the recipient.
51. The system of claim 38, wherein the means for receiving the recipient identification information further comprises means for confirming the recipient identification information to the originator by the transaction terminal server via the access portal.
52. The system of claim 38, wherein the means for receiving the recipient identification information further comprises means for receiving a specification of a predefined parameter from the originator for withdrawal of the cash by the recipient.
53. The system of claim 52, wherein the means for receiving the specification of the predefined parameter for withdrawal of the cash further comprises means for receiving a specification from the originator of a predetermined time period within which the withdrawal of the cash by the recipient is allowed.
54. The system of claim 52, wherein the means for receiving the specification of the predefined parameter for withdrawal of the cash further comprises means for receiving a specification from the originator of an enabling event upon which withdrawal of the cash by the recipient is conditioned.
55. The system of claim 38, wherein the means for receiving the designation of the amount of cash authorized for withdrawal and the source account further comprises means for receiving the designation of one of a checking account, a savings account, and a credit card account of the originator as the source account.
56. The system of claim 38, wherein the means for receiving the designation of the amount of cash authorized for withdrawal and the source account further comprises means for deducting the amount of cash authorized for withdrawal from the source account.
57. The system of claim 56, wherein the means for deducting the amount of cash authorized for withdrawal further comprises means for holding the deducted amount of cash in a temporary account pending withdrawal of the cash by the recipient.
58. The system of claim 38, wherein the means for receiving the designation of the amount of cash authorized for withdrawal by the recipient further comprises means for confirming the designation to the originator by the financial institution server via the access portal.
59. The system of claim 58, wherein the means for confirming the designation of the amount of cash authorized for withdrawal further comprises means for offering the originator an option to cancel by the financial institution terminal via the access portal.
60. The system of claim 38, wherein the means for receiving the selection for the option for notification of the originator further comprises means for receiving contact information for the originator by the financial institution server via the access portal if the selection for the option for notification of the originator is received.
61. The system of claim 60, wherein the means for receiving the contact information for the originator further comprises means for receiving one of a telephone number, a fax number, and an email address for the originator.
62. The system of claim 61 , wherein the means for receiving the contact information for the originator further comprises means for confirming the contact information to the originator by the financial institution server via the access portal.
63. The system of claim 38, wherein the means for notifying the originator of the availability of the authorized cash for withdrawal further comprises means for notifying the originator of a requirement for the recipient to dip a transaction card associated with the transaction card number and to enter the unique authentication code at the transaction terminal for withdrawal of the cash if a transaction card number for the recipient is received by the financial institution server from the originator via the access portal.
64. The system of claim 38, wherein the means for notifying the originator of the availability of the authorized cash for withdrawal further comprises means for notifying the originator of a requirement for the recipient to enter the cardless identifier and the unique authentication code at the transaction terminal for withdrawal of the cash if a cardless identifier for the recipient is received by the financial institution server from the originator via the access portal.
65. The system of claim 38, wherein the means for notifying the originator of the availability of the designated cash for the withdrawal by the recipient further comprises means for notifying the originator that a confirmation call will be made to the originator when the cash is withdrawn if the originator's selection of the option for notification of the originator is received.
66. The system of claim 38, wherein the means for allowing withdrawal of the cash by the recipient further comprises means for receiving the unique authentication code and recipient identification information from the recipient at the transaction terminal.
67. The system of claim 66, wherein the means for receiving the recipient identification information from the recipient further comprises means for receiving one of a transaction card number for the recipient and a cardless identifier for the recipient.
68. The system of claim 66, wherein the means for receiving the authentication code and recipient identification information from the recipient further comprises means for verifying the authentication code and recipient identification information by a financial institution back office server.
69. The system of claim 68, wherein the means for verifying the authentication code and recipient identification information further comprises means for confirming a transaction pending for the authorized cash withdrawal by the financial institution back office server based on the verified authentication code and recipient identification information.
70. The system of claim 69, wherein the means for confirming the transaction pending by the financial institution back office server further comprises means for authorizing the recipient's withdrawal of the cash to the transaction terminal by the back office server.
71. The system of claim 38, wherein the means for allowing withdrawal of the cash by the recipient further comprises means for allowing the withdrawal of a portion of the cash authorized for withdrawal by the recipient.
72. The system of claim 38, wherein the means for notifying the originator of the withdrawal further comprises means for notifying the originator according to contact information furnished by the originator.
73. The system of claim 72, wherein the means for notifying the originator of the withdrawal further comprises means for notifying the originator by one of telephonic notification, fax notification, and email notification according to the contact information furnished by the originator.
74. The system of claim 38, wherein the means for notifying the originator of the withdrawal further comprises means for notifying the originator of a date and a location of the transaction terminal of the withdrawal.
PCT/US2001/022888 2000-07-20 2001-07-20 Method and system for performing a cash transaction with a self-service financial transaction terminal WO2002009001A1 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU2001277033A AU2001277033A1 (en) 2000-07-20 2001-07-20 Method and system for performing a cash transaction with a self-service financial transaction terminal

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US21976800P 2000-07-20 2000-07-20
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US8554672B1 (en) 2013-10-08
US8065226B2 (en) 2011-11-22
US20020069170A1 (en) 2002-06-06
AU2001277033A1 (en) 2002-02-05
US20110320351A1 (en) 2011-12-29

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