Currency transfer system and method using fixed limit cards

Registers – Systems controlled by data bearing records – Banking systems

Patent

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Details

235380, 235381, 902 40, G06F 1530

Patent

active

053509064

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. The depositing customer purchases temporary ATM cards which have contained within them preprogrammed 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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