System and method for automated debiting and settling of...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

C705S043000

Reexamination Certificate

active

09387381

ABSTRACT:
A method and system for automated settlement and on-line debiting of a financial transaction, such as an emergency-cash transaction, is provided. A bank customer enters a foreign-branch bank and indicates a need for emergency cash. The customer is given a telephone by which the customer communicates with an interactive-voice response system in the customer's language. The system bridges the customer with the customer's home bank, which approves the requested emergency cash. A network in communication with the voice response system and with the issuer automatically initiates an on-line debiting of an account of the customer. The network also initiates and carries out settlement between the acquirer and the issuer by way of settlement accounts.

REFERENCES:
patent: 5136633 (1992-08-01), Tejada et al.
patent: 5416830 (1995-05-01), MacMillan et al.
patent: 5440615 (1995-08-01), Caccuro et al.
patent: 5457305 (1995-10-01), Akel et al.
patent: 5592538 (1997-01-01), Kosowsky et al.
patent: 5650604 (1997-07-01), Marcous et al.
patent: 5659165 (1997-08-01), Jennings et al.
patent: 5771276 (1998-06-01), Wolf
patent: 5794218 (1998-08-01), Jennings et al.
patent: 5850429 (1998-12-01), Joyce et al.
patent: 5905774 (1999-05-01), Tatchell et al.
patent: 5915001 (1999-06-01), Uppaluru
McDougall, B. Electronic Evolution, Canadian Banker, Sep./Oct. 1995, vol. 102, Issue 5 p. 28.
Thacker, K. and Bernstein, R. Does Home Banking Have a Future? Canadian Banker, May/Jun. 1990, vol. 97, Issue 3, p. 44.
American Banker, Top 25 Technology Deals of the Year, vol. 162, Issue 229, p. 51, Dec. 1997.
John Downes and Jordan Goodman, Dictionary of Finance and Investment Terms, Barron's p. 559, 1998.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

System and method for automated debiting and settling of... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System and method for automated debiting and settling of..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for automated debiting and settling of... will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-3908967

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.