AUTOMATED BANKING SYSTEM FOR DISPENSING MONEY ORDERS, WIRE TRANSFER AND BILL PAYMENT
A method and apparatus are provided for conducting transactions through a financial network using a document such as a check or money order at an unattended automated machine. For security purposes a signature detector detects the signature and the user uses a card to operate the machine. A reader reads the amount on the document; and, for a check, the LAR and CAR amounts are compared. If the document is a money order, the user may be prompted to endorse the money order if the signature detector fails to detect a signature. A card writer writes an amount on the card related to the amount of the transaction being done and a calculator calculates the amount to be written on the card and subtracts a user's service charge. A bill may be paid and a receipt generator will provide a receipt preferably showing payment of the bill and the service charge. If the check or money order is for an amount greater than the bill and service charge amounts, the card writer may write the difference on the card. A portion of the check or money order may also be deposited in the user's account. A cash acceptor in the machine accepts cash and a cash dispenser may dispense cash.
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CROSS-REFERENCE TO RELATED APPLICATIONS
This is a Continuation Application of U.S. application Ser. No. 10/699,978, filed on Nov. 3, 2003, entitled “Automated Banking System For Dispensing Money Orders, Wire Transfer and Bill Payment,” which is a continuation of U.S. application Ser. No. 09/444,197, filed on Nov. 19, 1999, entitled “An Automated Banking System For Dispensing Money Orders, Wire Transfer and Bill Payment,” now abandoned, which is a continuation of U.S. application Ser. No. 08/866,140, filed on May 30, 1997, entitled “An Automated Banking System For Dispensing Money Orders, Wire Transfer and Bill Payment,” now U.S. Pat. No. 6,012,048, the disclosures of which are expressly incorporated by reference herein in their entireties.
BACKGROUND OF THE INVENTION
This invention relates to automated banking systems and machines including those which employ or are an improvement over automatic teller machines (ATMS). ATMs are widely available and receive a considerable amount of usage, particularly on weekends, for dispensing cash. For instance, it is not unusual for an ATM to dispense $250,000 worth of cash in the course of a single weekend. The ATM user is provided with an ATM card as well as a personal identification number (PIN) or password, so that if the card is stolen or lost, the finder of the card will not be able to use it to withdraw funds using the ATM card because of the lack of the PIN number. Typically, the ATM user will use the card and PIN number at an ATM to withdraw cash from the user's checking account, savings account or as an advance from a credit card, or transferring money from a savings account to his checking account. In other instances, the ATM user will use the card and PIN number to access the ATM in order to ascertain the user's account balances. In a few instances, some ATMs have an incremental revenue opportunity from the capacity to dispense stamps as an alternative to cash for the user.
Owners of ATMs have found them to be relatively profitable. However, there is a need for increasing the profitability of the ATMs which are principally now used as cash withdrawal machines. Competing with the banks and with ATM machines are local currency exchanges which perform a number of banking type services for their “profiled customers.” Profiled customers are those customers who have signed a signature card or who otherwise have identity confirmation information entered into a network of a local currency exchange. These profiled customers are local to the area and are not part of a large area or nationwide network. Often, the currency exchange not only has the profiled customer's signature, but the currency exchange agent often recognizes the customer. Currency exchanges commonly cash a large volume of payroll checks for their customers. The average fee for such a transaction is 1.6% of the amount of the payroll check. This can yield quite substantial revenue when a high volume of payroll checks is being cashed. Currency exchanges compete with the ATM machines by cashing personal checks for their profiled customers. Most often, a currency exchange will not cash a personal check for a non-profiled customer of the exchanges. If the currency exchange assumes the risk and cashes such a check, however, the customer transaction charges are extremely high, e.g., $20.00 or 20% of the value of the check being cashed.
Another large volume transaction-type having the potential for large volume for a currency exchange is the issuance of money orders and cashing of money orders. On average, the customer charge for such transactions is about 1.85% of the value of the money order.
Other large revenue generators for currency exchanges are fees collected when customers pay bills for utilities, such as telephone, electric, gas, and water, as well as other bills, such as cable, television or credit card bills. Typically, there is a $0.60 per bill service charge to accept payment of a utility bill or credit card bill or the like in a currency exchange. The currency exchanges operate under contract with the local utilities and/or credit card companies to provide such a service.
While currency exchanges are relatively profitable, one significant expense cost of operation is due to employee theft of currency. Also, from time to time, employees make mistakes when cashing checks or money orders, or when issuing money orders. Another shortcoming of currency exchanges as opposed to ATM machines is that the exchanges are open only for limited hours, while the ATM machines are generally available for transaction processing 24 hours each day. In many instances, people prefer not to let others at a currency exchange or bank have any knowledge of their personal financial affairs and would prefer to use the ATM machines, rather than currency exchanges if the ATM machines provided some or all of the banking type services now provided by the currency exchanges.
Often currency exchanges are used by local residents who do not have a checking or savings account with a local bank, and who do not use the ATM machines or have an ATM card. Thus, there is an opportunity to acquire new customers for automatic banking machines if the machines will have many of the functions performed by a currency exchange or of a full service bank, such as cashing checks or money orders.
Wire transfer of funds is another banking function which is not generally available to the general public. Usually bank wire transfers are for very large amounts of money. Rather than going to a bank to wire transfer money, most individuals, as opposed to businesses, commonly wire money through other companies such as Western Union or through the American Express Company. Wire transfer costs for consumer-related transactions are relatively high. There is an average cost of between $13.00 to send a minimum of $200.00 by wire and about $200.00 to send $5,000.00 by wire. There are many times when people are traveling or when they have a child at college when it would be desirable to be able to transfer money by wire to their child's account so that the child has immediate access to the money. If such a wire transfer service were available for use in an automated banking machine, it would provide a relatively inexpensive method of wire transfer for individuals.
A new opportunity available to full service banks and to currency exchanges is participation in the United States Federal Government's Electronic Benefit Transfer Program (EBTP). The program will distribute smart cards for use by recipients of Social Security, Veteran's or welfare benefits. Payments for such benefits may total as much as one-half trillion dollars per year. Clients who have EBTP cards are already in the government's network. These smart cards are intended to replace the food stamps, among other things, whose use may lead to the clients being embarrassed. The currency exchanges and the full service banks will be receiving a transactional charge when writing an increase in balance onto the smart card. Also, the service provider will be charging the smart card user a fee for each transaction, for instance, when the smart card's balance is decreased as it is being used to pay for food, a utility bill, etc. This represents a large volume usage that could be available to appropriate electronic automated banking machines if they offered bill paying services and sale of items such as telephone cards, lottery tickets, and the like.
Owners of ATMs are beginning to take advantage of such incremental revenue opportunities, e.g., by selling stamps via the ATM machine. This allows the owner of the ATM to gain more revenue from it. For example, end user items such as theater tickets, lottery tickets or stamps can be sold from dispensers in an ATM machine. Because the purchase of end-user items is less susceptible to fraud, they do not require the additional security for transactions as cashing checks or money orders.
A number of security problems arise with the addition to ATMs of functions performed by full service banks and currency exchanges, such as cashing checks and money orders. The foremost problem is integrity of the document being exchanged for cash, in particular, verification of signatures on checks or money orders being cashed. Also, the ability to read various types of documents and to provide the user with a large number of payment methods requires a relatively sophisticated machine beyond that of current ATMs on the market and in widespread use by the general public. The problem with checks is not only the signature verification of hard-to-read handwriting, but also reading the amount, usually written in cursive, on a legal line of the check. In addition, the check has a second line which is the courtesy amount recognition line (“CAR”) which is written in numerals representing the value of the check. Most checks also identify the bank and the maker's account in magnetic ink.
Another consideration for transactions such as cashing checks, paying bills, or other like things from a remote banking machine is the need to record the transactions and to leave an audit trail for later manual review, if required, of the transactions.
A semi-automated system has been proposed to aid in the cashing of checks and which reduces the access of the teller to the money. This proposed system would require the user to operate the machine and negotiate the check while in the electronic presence of a teller, who being satisfied that the check should be cashed, then verifies the cashing opportunity and operates the machine to dispense automatically the funds to the machine user. Of course, such a machine requires the attendance and the presence of the teller, and therefore, is still not a fully automated system for cashing checks.
Among some of the mechanical problems that have been experienced with the remote ATM-type machines is that of providing change in coins. Already, over a single weekend, ATMs are being severely taxed often completely emptied of their contents, and they do not have changemakers. The addition of a coin changemaker adds considerable expense and maintenance problems to the machine to provide the exact coin change to the user who is cashing a check or performing some other function.
Another problem with providing a commercially practical automated banking machine is that of the time needed for the transactions. Preferably, the transactions should be relatively brief and simple so that a minimal number of operator actions, such as touch screen pushes or keystrokes, are required for each transaction. If a particular transaction takes more than a minute or two, the system would probably be too slow to adequately service a line of people waiting to use the machine at a busy time on a weekend. Also, if the machine offers a large number of transactions like those of a full service bank or a currency exchange, the machine should provide a wide range of funds delivery or payment options to the user so that the payment can be made by cash, credit card, smart card, or withdrawal from a checking or savings account.
There is a need for an automatic banking machine which includes an ATM-like machine that performs and allows a number of service options, such as for example the withdrawing of cash, the depositing of cash, the cashing of a check, the cashing of a money order, the buying of a money order, the transferring of funds by wire, paying a bill and purchasing of end user items.
SUMMARY OF THE INVENTION
In accordance with the present invention, there is provided an automated banking machine system, which performs the usual ATM functions but which additionally issues money orders for the user without the presence or the assistance of a teller. Additionally, the preferred and illustrated, automated banking machine system allows the depositing of cash into the machine and provides additional functions, such as transferring money by wire, paying bills or purchasing end user items from the machine.
In accordance with another aspect of the invention, the automated banking system machine recognizes the cash inserted into the machine, totals it, and provides communication via a modem or the like connected to a banking network to pay a bill or to purchase of a money order. The user will write the amount into the money order blank within the machine. After having been written, the machine will dispense the money order to the user. The automated method and apparatus provides for the cash purchase by the user of items being dispensed from the machine such as lottery tickets, theater tickets, postage stamps or the like.
In accordance with another aspect of the invention, the method and apparatus provide for the wire transfer of funds to a transferee over a banking network. In order to carry out the wire transfer, the user enters the name of the bank to which the wire transfer is to made and the account number of the person who is to receive the wire transfer. After providing payment for the funds to be wire transferred, the wire transfer is communicated through a modem of the machine to the banking network and thence to the recipient's account in the receiving bank. Preferably, a receipt is issued to the user showing the sum being wire transferred as well as the associated transaction cost. In the preferred embodiment of the invention, the payment for the wire transfer can be by cash, a credit card, a smart card or from an account of the user.
In accordance with a still further embodiment of the invention, the automated banking machine and apparatus allows the payment of invoices or bills owed by the user. After having been qualified as a user of the automated banking machine, the customer will see a display of the selection of bills that are payable through the machine. The user selects the type of bill to be paid and also selects from the display, one of several methods of payment, including the payment by cash. The bill to be paid is inserted into the machine where it is read along with the identity and account number of the bill payee. The reading of the amount and the identification of the payor may be difficult because of the many different formats of such bills. The machine automatically communicates over a modem to a bill payment network. The bill is stored in a bin, and a transaction tag is provided for the bill payment transaction. Preferably, the method of payment includes paying by cash, credit card, smart card or from the user's account. In the preferred embodiment of the invention, the user may pay several bills, and the total for each bill and its associated transactional charges is accumulated. Finally, after payment, a receipt is generated showing the bills paid, the transactional charges, and the total expense incurred by the user in the payment of these bills.
It will be seen from the foregoing that the preferred and illustrated embodiment of the invention provides increased revenue opportunities for owners of the automated banking machine to perform many of the services performed by a currency exchange or by a bank while charging a transactional fee for each transaction. Transaction charges may be made for a withdrawal from the user's account, the payment of a transaction, a deposit into the user's account, cashing of a check or money order, transfer of funds by wire, paying bills, purchasing end user items such as theater tickets, lottery tickets, etc.
Another aspect of the present invention is to provide an automated banking system which does not need to dispense coins or small denomination change to the user. Dispensing coins adds complexity and time as well as frequent maintenance problems and service problems associated with keeping the coin changer apparatus functioning properly and filled with coins. The shutting down of the coin operation due to an empty or broken dispenser would likely result in the automatic banking machine being out-of-service despite being able to perform other non-charge producing transactions. Rather than dispensing coin change, the machine of the present invention will transfer the amount of change onto a credit card or a smart card and electronically dispense the same to the user by storing the credit on the stored card. Alternatively the machine will deposit the change balance into the user's account. Thus, the necessity for storing and dispensing bulky coin-type change is avoided.
Also, in order to limit the amount of servicing that is needed, the preferred machine need not be provided with one dollar bills. The lowest dispensable denomination would be, for example, five dollars. Preferably, the cash bins within the machine are provided with $5.00 and $20.00 bills only, so that the amount that can be dispensed is sufficient for a weekend without being replenished in most instances.
BRIEF DESCRIPTION OF THE DRAWINGS
FIG. 16DD is a screen requesting the user to re-enter the check amount.
DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENT
As shown in the drawings for purposes of illustration, the invention is embodied in an automated banking system that includes an apparatus 10 having a housing 12 for housing the components of the apparatus which are to receive an ATM card which can be inserted through an insert, slot or opening 14 in a front wall 16 of the housing. The insert slot 14 will accept the usual ATM card, credit cards, IC cards or smart cards. The card slot 14 is located immediately above a user keyboard 18 and below a user display 20 comprising a touch screen of the type sold by Dyna-Pro under its Model No. DTFP 95633. The user keyboard 18 supplies command signals to a microcomputer 21, in this embodiment a 133 Mhz Pentium-based personal computer having a 2.1 gigabyte hard disk drive for storing software, a 32 megabyte random access memory for storing instructions and operands, a 133 Mhz Pentium microprocessor, an ISA bus, a PCI bus, a serial interface, and a parallel interface. (
Located immediately behind the insert card slot 14 is a magnetic card reader 22 (
As shown in connection with the flow chart of
In the card insert routine 300 a test is made in a step 302 to determine whether the magnetic striped identification card has been placed in the card reader. If it has not, control is transferred to a step 304 prompting the user to insert the card through the card slot. The card is then read in a step 306 and the user is prompted and enters a password in a step 308. A test is made in a step 310 to determine whether the password is verifiable with the banking network when communicated over the modem 29. If the password is not, a test is made in a step 312 allowing the password to be entered three more times. Assuming three unsuccessful tries in a step 314, the incorrect password message is displayed and process loops back to the step 308. If the password is found to be correct after step 310 the transaction is proceeded with in a step 316. If as a result of step 308 the transaction is cancelled, control is transferred to a step 320 testing for whether another transaction has been requested. This may be done by screen prompts to be answered by the user as exemplified by the screen displays shown in
The display shown in
The user display screen 20 will then display the transaction options available to the user, such as those shown in
Assuming the user has selected the “1)” withdrawal option by depressing the arrow key 26a opposite number “1) WITHDRAW”, the screen display 20 will then display a request to an account for a withdrawal, i.e., from a checking or savings account. This is shown in
In a step 340 the withdraw screen is engaged and in a step 342 the user is prompted by the screen to insert the card and a verify screen is displayed. If the card is verified control is transferred to a step 344 allowing the user to choose from a present withdrawal amount. If the user chooses to cancel the transaction control is transferred to a step 346 testing for another transaction. If the user chooses not to choose from a preset withdrawal amount, the user may enter the withdrawal amount in $5.00 increments in a step 348 or may cancel the transaction and proceed to the other transaction test step 346. Assuming that the withdrawal amount has been entered in $5.00 increments, the withdrawal transaction is performed in a step 350 via checking over the banking network. In a step 352 the cash dispenser dispenses the withdrawn amount and in a step 354 the receipt is printed by the receipt printed. Control is then transferred to the step 346 testing for additional transaction prompts. If there is, the service option screen is then displayed in a step 360. If not, the card is ejected from the card reader in a step 362 and the welcome screen is displayed in a step 364.
A connection will then be made by the electronics network and modem via the banking network to access the customer's account in the bank; and then there will be an operation of a cash dispenser 30 (
The cash dispenser 30 herein is a typical cash dispenser unit used in an ATM machine. The illustrated cash dispenser is a G & D America, Inc. Model ACD which is made by Giestcke and Debrient America, Inc. The illustrated cash dispenser 30 has four (4) bins. Each bin can hold four hundred notes. The preferred cash dispenser 30 is loaded with four hundred $5.00 notes in one bin. The other three bins are each loaded with four hundred $20.00 notes. Manifestly, more or less bins may be used and also different cash dispensers may be used than that described herein.
The illustrated and preferred cash dispenser 30, as shown in
If the user had chosen the “SAVINGS ACCOUNT” on the display 20 for withdrawal transaction (shown in
For either a withdrawal from savings or a withdrawal from checking, it is preferred to print out a receipt with a receipt printer 50 shown in
The illustrated receipt printer 50 is preferably a Model MP342F, manufactured by Star Micronics America, Inc. of Piscataway, N.J. The receipt printer 50 has an automatic cutter for cutting the receipt after printing. Manifestly, other printers or receipt generators may be used than the model described herein.
The welcome screen is displayed in a step 220, as shown in
Assuming now that the user had selected the deposit #2 option as shown in
The deposit screen, which is displayed in a step 380, requests insertion of the card and displays a verify screen in a step 382. If the card is not inserted control is transferred to a step 384 testing for whether any other transaction is to be carried out. If it is, in a step 386 the service option screen is displayed. If not, in a step 388 the card is ejected and the welcome screen is displayed in a step 390. In the event that the card has been verified a prompt is made to the user in the step 392 as to the type of deposit. If the user elects to cancel the transaction, control is transferred to the step 384. If the user selects “Cash”, a cash deposit screen is displayed in a step 394. If they select “Checking”, a check deposit screen is displayed in a step 396 and if they choose “Money Order,” a money order deposit screen is displayed in a step 398. Control is then transferred to a step 400, causing the selected transaction to be performed by a modem 29 through the banking network. In a step 402 the receipt is printed out and control is then transferred to the other transaction test step 384.
The deposit into checking screen display (
At the beginning of the scanning operation, the check image is processed to ascertain if the check has been inserted correctly. In the scanning operation 420 the document is inserted in the scanner slot in a step 422. The scanner using the camera 58 and 60 scans both sides of the documents and reads the magnetic ink via a magnetic transducer in a step 424. The document is placed in the holding area in a step 426 and a determination is made in a step 428 as to whether the document is a check or money order on the basis of the presence or absence of the magnetic ink data. A check is also made in a step 430 to determine whether the document is inserted correctly. If it is not, the document is ejected from the document slot in a step 432 and the touch screen displays if the document is inserted incorrectly in a step 434 following which control is transferred back to the step 422. If the document is not a check or money order as determined in a step 428, control is transferred to a step 440 causing both sides of the document to be saved in a tagged image file format. If the document was inserted correctly as tested for in step 430, both sides of the document are saved in a step 440. In a step 442, the images are analyzed by amount recognition software of the types supplied by Mitek of San Diego, Calif., in particular its Quickstrokes Version 2.5 software. Control is transferred to that software from step 442 and as may best be seen in
If the images are not stored, the check is carried around the U-shaped feed path 61 back to an eject slot 61a in the housing wall 14 for retrieval by the user. The eject slot 61a is parallel with and to the left of the insert slot 54. Assuming that the check has been re-inserted correctly and images of both the front and back have been captured, then the check is sent to an escrow or holding area 64 in the check feed track. The holding area 64 communicates through the serial communication device 21a with the computer 21, as shown in
Referring now to
As best seen in
At the escrow or holding area 64, there is provided a large belt driving drum 130 which drives a cogged feeding belt 131 for conveying the check first upwardly and to the left into the holding area and from the latter into the deposit bin 66 above the holding area 64. If the check is to be rejected, the feeding belt 131 reverses its direction of travel to eject the check through the eject slot 62. The driving roller 130 includes a stepper motor 132, which is mounted on the top of the roller 130. The stepper motor 132 is reversible in its rotation for rotating a drum 130 and the feeding belt 131 in opposite directions and through a controlled distance.
Infrared sensors 125 and 126 sense the passage of the check from the imaging station 55 into the escrow area 64. The feeding belt 131 is guided along and travels past a series of guide rollers 134a, 134b, 134c and 134d to the top of the holding area. The endless timing belt 131 turns about the top guide roller 134d and travels downwardly and to the right past a roller 136 to return to a side of the drum 130, as seen in
The check is pushed against the timing belt 131 to travel with the timing belt by four sets of pressure rollers 140a, 140b, 140c and 140d. At the top of the holding area is another pair of infrared sensors 141 and 142, which sense the arrival of the upper edge of the check and they signal that the check has been moved completely into the holding area with the lower end of the check being at or above the rollers 140a and 134a at the bottom of the holding area and aligned with the eject slot 62. Once the check has been accepted, the stepper motor 132 is turned to drive the drum 130 and the feeding belt 131 to cause the check to travel upwardly into the overhead deposit bin 66. On the other hand if the check is rejected as being unacceptable, the feeding belt travels in the opposite downward direction to push the lower edge of the check through the eject slot 62 and return it to the user. A lower end of the guide plate and a spring guide finger 147 guide the outgoing ejected check to slide and travel along a short guide plate 148 to the aligned eject slot 62. Infrared sensors 150 and 151 (
During the deposit transaction, the screen display 20 will show a confirming message, such as shown in
If, rather than depositing the check into a checking account, the user had selected deposit into a savings account, the screen will display the deposit into savings account shown in
Assuming that the user had decided to deposit cash into checking and had pushed the #1 cash button 26a of the keypad for the display screen of
In the cash deposit process 500 as set forth in
The user display 20 as shown in
When depositing cash, the illustrated cash acceptor 62 will total the cash received and show this cash being deposited, as shown on the screen 20 which shows that the $20.00 has been deposited after $45.00 more dollars have been deposited, making for a total deposit of $65.00, as shown in
Assuming that the user, when prompted by the options screen of
The cash check process is entered at a point 520 and as a result, the magnetic card reader accepts a magnetic identification card in a step 522 and displays a verify screen. The user can exit the transaction by transferring to a step 524 where he or she is prompted for another transaction. If not, the amount of the check is entered in a step 526 and the check is scanned and confirmed in a step 528 as set forth previously. The user then enters an amount in a step 530 to be received in cash and the banking network is accessed in a step 532 to determine whether the check has a balance from which the check may be cashed. If so, in a step 534 the cash dispenser dispenses cash in the cash amount and in a step 536 the receipt is printed by the receipt printer. Control is then transferred to a step 524 and if another transaction is desired, the service option screen is accessed in a step 526. If another transaction is not wanted, control is transferred to a step 528 causing the card to be ejected from the card reader and in a step 530 the welcome screen is displayed.
The user enters through the keyboard 18 the amount, such as $90.00, shown in
After re-insertion of the check, the user will be requested to re-enter the amount of $90.00 (
The cashing of the money order is much like cashing a check. It will be described hereinafter in connection with the flow chart shown in
The cash money order process is accessed in a step 570. The magnetic card is prompted to be inserted in a step 522 and a verify screen is raised. If the user decides to exit the transaction, she may so signal and control is transferred to a step 574, testing for whether another transaction is desired. Assuming that the card is verified and that the transaction is to proceed, the amount of the money order to be paid out is entered in a step 576. In a step 578 the money order is inserted and scanned and confirmed, and in a step 580, assuming the confirmation occurs, the user enters the amount for the money order to receive in cash. In a step 580 a query is generated by a modem to the banking network to determine whether the amount of the money order is backed by funds. Assuming that it is, in a step 584 the cash dispenser dispenses the cash amount and a receipt is printed in a step 586. Control is then transferred to the other transaction test step. If another transaction is desired the service option screen is displayed in a step 588 if not, the card reader is ejected in a step 590 and the welcome screen is displayed in a step 592.
Assuming that the user, when viewing the options available (
The cash money order screen displays $100.00 in a window 71 and prompts the operator to enter from the keyboard 18 the amount of cash that the user would like to receive in $5.00 increments. In this instance, the user has entered $100.00 into the window 71. In a manner similar to that used for the scanning of the check, the cameras 58 and 60 photograph both sides of the cash money order and locate the indicia showing the amount of the money order and read the amount indicia. The magnetic ink indicia identifying the issuer and the account of the issuer are read; and the signature on the back of the money order is scanned and confirmed. Then a communications network via a modem is connected to the issuer's account, indicating that the authenticity of the money order is being checked. When the machine 10 receives signals that the money order is authentic, the cash dispenser 30 is then operated to transfer $100.00 cash into the cash bin 46 for removal by the user. If the user had not signed the back of the money order, he would have been informed to reinsert the money order, as shown in
Assuming the user had selected, in
In a buy money order transaction, the process is entered via step 600 and the money order recipient's name is entered in a step 602 or if cancellation is desired, control is transferred to another transaction test step 604. Assuming that the recipient's name has been entered, the amount of the money order is entered in a step 606 and in a step 608 a method of payment is chosen causing prompts to occur via a cash payment screen 610, a credit card screen 612, a smart card payment screen 614 or a balance withdrawal screen 616. The particular transaction for payment is then processed in a step 618 and the money order is printed out in a step 620. A receipt is printed in a step 622 and the transaction test 604 is then made. If further transactions are to occur, the service option screen is displayed in a step 624. If not, a test is done in a step 626 to determine if the card is in the card reader. If it is, the card is ejected in a step 628 and the welcome screen is displayed in a step 630.
The buy money order transaction will be tagged and through the banking network, the printer 76 (
As shown in
If the user had selected the wire transfer option in
Having entered the information for the wire transfer to a specific account, the screen display 20 requests the amount to be sent, which in this instance, as shown in window 78 is $850.00. A service charge of 10%, or $85.00 of the $850.00 amount charged is shown to the user bringing the transaction total to $935.00, as shown in window 78a. The flow chart for a wire transfer of money is shown in
The wire transfer process 640 is started with a step 642 for entering information related to the transfer related to the bank the transfer is to be made to as well as the account. In a step 644 the amount to be transferred is entered. In a step 646 the method of paying for the wire transfer is selected, causing control to transfer to a cash payment screen 648, to a credit card screen 650, to a smart card payment screen 652 or to a withdrawal screen 654. Following that, in a step 656 the selected payment transfer occurs and the wire transfer occurs via the modem over the banking network. In a step 658 a receipt is printed and in a step 660 a test is made for whether another transaction is to occur. If it is, a service option screen is displayed in a step 662. If it is not, a test is made in a step 664 to determine if the card is in the reader. If so, the card is ejected in a step 666 and the welcome screen is displayed in a step 668.
A request for the method, of payment which can be any of four different payment methods, is shown in
Returning again to the options available as shown in
When paying a telephone bill the screen will then interrogate the user as to whether she wishes to pay another bill via an inquiry, such as the inquiry shown in
The total amount of the three bills, the telephone bill, the gas bill and the credit card bill plus the service charge will be $273.51.
Next, the method of payment is requested (
The bill payment process 720 is entered by selecting the type of bill such as telephone bill, electric bill, to be paid in a step 722. The bill is scanned and verified in a step 724 and the amount to be paid is entered manually in a step 726. A test is made in a step 728 to determine whether other bills are to be paid. If so, control is transferred to step 722. If not, control is transferred to a step 730, testing for other transactions. A method of payment inquiry is made in a step 732 and in response thereto, a cash screen is displayed in a step 734 or a credit card payment screen is displayed in a step 736. A smart card payment screen is displayed in a step 738 or a withdrawal screen is displayed in a step 740. After selecting the payment method, the funds are then transferred so that the bill is paid via modem connection in a step 742 and a receipt is printed out in a step 744. If another transaction is desired from step 730, the service option screen is displayed in a step 746. Otherwise, a test is made to determine if the card is in a card reader in a step 748. The card is ejected in a step 750 and the welcome screen is displayed in a step 752.
When finished with the bill payment, the screen display shows that $273.51 has been withdrawn from the account in
If the user had elected in
As shown in
In this instance, the operator has decided to pay with cash and has punched the arrow key 26a on the keypad 26. The screen shown in
In order to make a purchase, the purchase process is entered in a step 770. The item to be purchased, such as smart card balance, telephone calling card, stamps or lottery tickets are selected in a step 772, or if desired, the transaction can be cancelled, causing control to be transferred to another transaction test step 774. Assuming that an item is chosen to be purchased, such as a lottery ticket, the quantity of the item is prompted for in a step 776 and entered, and a test is made in a step 778 as to whether another purchase is to be made. If it is, control is transferred back to step 772. If not, in a step 780 the method of payment is selected, causing a cash payment screen to be displayed in a step 782 or a credit card screen to be displayed in a step 784, or a smart card payment screen to be displayed in a step 786 or a withdrawal screen to be displayed in a step 778, following which the funds are accepted and the merchandise, such as the lottery ticket, is dispensed, in a step 790. The receipt is printed in the step 792 and another transaction is tested for in step 774. If another transaction is desired, the service options display screen is displayed in step 794. If it is not, a test is made to determine if the card is in the card reader in a step 796. The card is ejected in step 798 and the welcome screen is displayed in step 800.
As above described herein, it is preferred not to have any coins or coin changers in the machine; and to provide $5.00 bills as the lowest denomination bills that will be paid out in change. Usually, the cash payment process will follow the flow chart shown in
In order to effect a cash payment for one of the transactions such as the purchase of lottery tickets, transfer of a balance into the smart card or into a checking account or the like, the process is entered in a step 810 and the cash acceptor is initialized in a step 812. The currency is accepted in a step 814 and is totaled in a step 816. The accepted bills are stacked in the holding area in step 818 and a test is made to determine whether the total covers the transaction amount in a step 820. If it does not, more money is accepted in a step 814. If the transaction is covered a step is made in a step 822 to determine if change is due. If change is due, it is given in $5.00 increments with the remainder credited to the smart card in a step 824 and the transaction proceeds in a step 826.
The $5.00 and $20.00 dollar bills available for change are stacked in the four cash bins. If the payment calculation shows that cash tendered covers the transaction, and that change is due, the change will be in cash in $5.00 increments by operation of the cash dispenser. Alternatively, any remaining change of less than $5.00 will be credited to a smart card or to a bank account to avoid the necessity of storing and handling small denomination bills and coins. The option will be exercised by the user with respect to change as shown on the screen display (
It will be appreciated that although various aspects of the invention have been described with respect to specific embodiments, alternatives and modifications will be apparent from the present disclosure, which are within the spirit and scope of the present invention as set forth in the following claims.
1. An unattended banking machine for performing a number of banking and other transactions by a user, the unattended banking machine comprising:
- a cash acceptor for accepting cash from a user and for totaling an amount of cash received;
- a cash dispenser for dispensing cash to a user;
- a user interface and display operable by the user to select transactions, enter commands, and to receive information from the unattended banking machine;
- a card acceptor for receiving and verifying a qualified user's card;
- a receipt generator for generating receipts for the user including a total of the amount of cash received;
- a document cashing apparatus including a document receiver in the unattended banking machine;
- a reader for reading the cash amount for a document; and
- a signature verifier for examining a signature of the user on a document and for confirming if the signature is valid prior to dispensing cash to the user from the cash dispenser.
2. The unattended banking machine in accordance with claim 1 wherein a dispenser is provided in the unattended banking machine for dispensing end user items after payment by the user.
3. The unattended banking machine in accordance with claim 1 wherein the user interface and display comprise:
- a keypad operable by the user;
- a display screen to display transactions to the user; and
- a selector operable by the user to choose at least one transaction among several transactions available to the user.
4. The unattended banking machine in accordance with claim 1 wherein the document is a check, and the unattended banking machine further comprises:
- a reader for reading magnetic ink character recognition data of a bank on the check; and
- a communication network for connection through a network to the bank identified on the check.
5. The unattended machine in accordance with claim 1 wherein the document is a money order, and the signature verifier includes a reader for reading a cursive signature on a back of a money order.
6. The unattended banking machine in accordance with claim 1 wherein the unattended banking machine is configured to pay a bill by the user, the unattended banking machine further comprising:
- a communication network for communicating to a bill issuer's bank account that a payment is being made by the user; and
- a receipt generator for generating a receipt of a paid bill to the user.
7. The unattended banking machine in accordance with claim 1 wherein
- money order blanks are stored in the attended banking machine;
- signals are generated by the user at the user's interface and display to cause a printer to print an amount on a money order blank to form a money order; and
- the unattended banking machine further comprises a dispenser for dispensing the money order to the user.
8. An automated banking system for receiving payment from a user and for transfer of funds to a transferee in a network, the automated banking system comprising:
- an automated machine having a card reader for a card having an intelligence associated therewith and which identifies the user as being qualified to use the network;
- a payment acceptor for accepting payment by the user for a transfer;
- a verifier to verify the transferee in the network;
- a document receiver for accepting at least one document and for permitting the user to execute at least one transaction; and
- a communication system for transfer through the network to at least one of a verified transferee's identification, a transferee's account or any combination thereof.
9. The automated banking system in accordance with claim 8 wherein the payment acceptor is a cash acceptor, the at least one document is a bill document and the transaction is a bill payment.
10. The automated banking system in accordance with claim 9 wherein the cash acceptor comprises a cash receiver for receiving and totaling cash received.
11. The automated banking system in accordance with claim 8 wherein the card reader comprises a card receiver for receiving a card for payment for a transfer and a device for reading the card and for causing a debit to the card related to funds being transferred.
12. An automated banking system in accordance with claim 8 wherein the card reader comprises a credit card receiver which reads a credit card and performs a charge transaction over a credit card network for an amount related to funds being transferred.
13. The automated banking system in accordance with claim 8 wherein the card reader comprises a smart card receiver and a debit system that reads the card to ascertain if an amount on the card is sufficient for payment of the funds being transferred, and writes to the card a new amount related to an amount of funds being transferred, the new amount having a new value after at least one deduction being made.
14. The automated banking system in accordance with claim 8 wherein the card is at least one of, a credit card, a debit card, a smart card or any combination thereof.
15. The automated banking system in accordance with claim 8 further comprising:
- a printer for printing a receipt for a sender of the transfer; and
- a transactional record system for making and keeping a record of the transfer.
16. The banking system in accordance with claim 8 further comprising:
- an input device operable by a sender for connecting to a withdrawal account of the sender to withdraw therefrom an amount sufficient to pay the transfer.
17. The banking system in accordance with claim 8 wherein a display displays to the user a method of payment from at least one of, cash, credit card, smart card, account withdrawal or any combination thereof; and further comprising:
- a selector operable by the user to select one of the methods of payment for the transfer.
18. A method of providing an automated banking system having an unattended banking machine with capability of transfer of funds from a user to a transferee by a network, the method comprising:
- providing a card reader for a card having intelligence associated therewith and which identifies the user as being qualified to use the unattended banking machine and network;
- inputting at least one of (a) an identification of a bank through which the transfer is to be made, (b) an account number of the transferee or any combination thereof;
- entering an amount to be transferred to the transferee;
- permitting the user to execute at least one transaction by accepting at least one document in a document receiver;
- providing the unattended banking machine with a method of payment from at least one of, cash, credit card, smart card, account withdrawal or any combination thereof, for the transfer;
- communicating for transfer through the network to at least one of, a verified transferee's identification, a transferee's account or any combination thereof; and
- verifying the funds as being sufficient to cover a transferred amount and a transaction fee therefor.
19. The method in accordance with claim 18 wherein the at least one document is a bill document, the transaction is a bill payment and the method further comprises:
- depositing funds for the transfer; and
- counting the funds received in the unattended banking machine.
20. The method in accordance with claim 18 further comprising:
- selecting payment for the transfer from a card; and
- reading the card and causing a debit to the card related to the amount of funds being transferred to the transferee.
21. A method in accordance with claim 18 wherein the card comprises a credit card, and the method further comprising:
- communicating, over a credit card network, an amount of the funds being transferred and a transactional fee which are to be charged to the user's credit card.
22. The method in accordance with claim 20 wherein the transaction is being made with a smart card, and the method further comprising:
- reading the smart card to ascertain if an amount on the smart card is sufficient for the transaction including the funds being transferred;
- writing to the smart card a new balance after the transfer; and
- returning the smart card to the user.
23. A method in accordance with claim 18 further comprising:
- printing a receipt for a transactional cost of the transfer;
- providing the receipt to the user; and
- recording a transaction record of the transfer.
24. The method in accordance with claim 18 further comprising:
- selecting payment from an account of the user; and
- connecting via a communication network to a bank of the user, to withdraw from the user's account an amount sufficient to pay for the transfer transaction.
25. The method in accordance with claim 18 further comprising:
- providing a display to the user requesting a selection for a method of payment from at least one of, cash, a credit card, a smart card, a debit card, withdrawal from the user's account or any combination thereof; and
- the user selects one of the methods of payment for the transfer.
26. The automated banking system of claim 8, further comprising:
- an input device to enter an amount to be transferred to another; and
- a keypad to enter an identity of the transferee's account.
27. The automated banking system in accordance with claim 8 wherein the network is a banking network.
28. The method in accordance with claim 18 wherein the network is a banking network.
Filed: Jul 6, 2009
Publication Date: Oct 29, 2009
Applicant: Capital Security Systems, Inc. (Hawthornwoods, IL)
Inventors: Robin Haley GUSTIN (Delray Beach, FL), Troy W. Livingston (Northbrook, IL), Namsoo Park (Schaumburg, IL)
Application Number: 12/498,359
International Classification: G06Q 40/00 (20060101);