Currency transfer system and method
OwnerDavid H. Tannenbauminventor
Life of this patent
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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.
Claims29
A system for currency management between a depositing user and a recipient user using an electronic funds retrieval system, said retrieval system having associated therewith a plurality of input devices for accepting user information, said management system comprising:
- means for accepting from a depositing user at one of said input devices an amount of currency to be available for withdrawal;
- means for creating a unique temporary identification number and for associating said unique identification number with said accepted available withdrawal amount;
- and
- means for associating said unique identification number and said accepted available withdrawal amount with a particular account in said system accessible via any of said input devices associated with said system.
A method for currency management between a depositing user and a recipient user using an electronic funds retrieval system, said system having associated therewith a plurality of input devices for accepting user information, said method comprising:
- accepting from a depositing user at one of said input devices an amount of currency to be available for withdrawal;
- creating a unique temporary identification number and for associating said unique identification number with said accepted available withdrawal amount;
- communicating said unique temporary identification number to said depositing number;
- and
- associating said unique identification number and said accepted available withdrawal amount with a particular account in said system accessible via any of said input devices associated with said system.
Dependencies are inferred from the claim text.