ATM and POS terminal and method of use thereof

Details ATM and POS terminal and method of use thereof ATM and POS terminal and method of use thereof

1998-01-15

2000-06-27

Stamber, Eric W.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

235379, 235380, G06F 1760

Patent

active

060817925

ABSTRACT:
A method of providing money, goods, services or the like to an account-holder based on an account when the daily ATM limit set by a bank has been met, or when a debit or credit card PIN cannot be remembered. The process will enable one to access cash and items of value through either the ATM network or a point-of-sale network to thereby obtain cash or an item of value. If the account-holder has exceeded the ATM network limit, a processor may prompt the account-holder to determine if the account-holder would like to access the account through the point-of-sale network. The money or item of value will be disbursed to the account-holder at a third location, where precautionary security measures may be utilized to ensure that the person receiving the cash is indeed the proper account-holder.

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Hogan, Barbara, kiosk supplies gamblers with `QuickCash`, Bank Systems & Technology v36n4 pp: 22, Apr. 1999.

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