Currency transfer system and method using fixed limit cards
OwnerBill E. Brody, David H. Tannenbauminventors
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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. 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.
Claims6
The method for currency management between a sender and a recipient using the existing ATM network, said method comprising the steps of:
- accepting at an ATM from any one of said senders a temporary ATM card having a permanently preestablished currency value associated therewith;
- and
- entering said preestablished amount as a credit in an existing ATM network accessible account and for thereupon establishing a password with respect to said established credit amount.
Dependencies are inferred from the claim text.