Registers – Systems controlled by data bearing records – Banking systems
Patent
1992-11-25
1994-07-05
Pitts, Harold
Registers
Systems controlled by data bearing records
Banking systems
235380, 235381, 2353825, 902 40, G06F 1530
Patent
active
053269608
ABSTRACT:
There is disclosed a currency transfer system and method which utilizes the existing ATM network but which provides for the temporary assignment of a PIN number and the temporary establishment of a credit limit within an existing account. Using the system a customer can, by using a temporary PIN at an ATM machine, withdraw an amount equal to or less than the temporary credit limit. In one embodiment, a depositing customer can establish the temporary credit limit by the transfer of funds from an existing account and in another embodiment the depositing customer can purchase temporary ATM cards which have contained within them programmed credit limits which are then read into the system under an assigned temporary PIN number.
REFERENCES:
patent: 4007355 (1977-02-01), Moreno
patent: 4542465 (1985-09-01), Stockburger
patent: 4575622 (1986-03-01), Pellegrini
patent: 4594663 (1986-06-01), Nagata
patent: 4650977 (1987-03-01), Couch
patent: 4764666 (1988-08-01), Bergeron
patent: 4959788 (1990-09-01), Nagata
patent: 4960981 (1990-10-01), Benton
NCR Temporary Copy of NDC.sup.+ Programmer's Overview .COPYRGT.1991 NCR Corporation.
NCR Temporary Copy of Programmer's Reference Manual .COPYRGT.1991 NCR Corporation.
NCR Temporary Copy of NDC.sup.+ Supervisor's Reference Manual .COPYRGT.1991 NCR Corporation.
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