System and method for correspondent bank customer ATM transaction processing

A computer program product for providing a customer of a correspondent bank one or more correspondent relationship transactions at an automated teller machine (ATM) on an ATM network of an ATM bank having a pre-existing relationship with the correspondent bank defining the correspondent bank's customer as pre-approved for performing correspondent relationship transactions at the ATM of the ATM bank, the computer program product comprising a non-transitory computer readable memory having computer-executable instructions stored therein, the computer-executable instructions to cause a computer processor of the ATM to implement the steps of:

• receiving user input requesting initiation of a transaction at the ATM, the transaction involving an account maintained by the correspondent bank;
• initiating authentication of the user as an owner of the account;
• verifying that the user is a customer of the correspondent bank and is pre-approved for performing correspondent relationship transactions on the ATM network of the ATM bank, wherein verifying comprises comparing a card routing transit number read from a card of the user to determine if the card routing transit number matches a correspondent bank routing transit number stored in a correspondent bank profile or an individual customer profile;
• communicating, to the user, an option to perform one or more types of correspondent relationship transactions;
• receiving user input indicating the user's desire to complete a deposit correspondent relationship transaction and user input regarding the deposit transaction;
• processing the deposit transaction user input;
• and
• communicating a result to the user, the result based on the processed deposit transaction user input.

A system comprising:

• an automated teller machine (ATM) configured for providing a customer of a correspondent bank one or more correspondent relationship transactions, the ATM maintained by an ATM bank having a pre-existing relationship with the correspondent bank defining the correspondent bank's customer as pre-approved for performing correspondent relationship transactions at the ATM on an ATM network of the ATM bank, the ATM comprising:
• a computer processor operating computer program code instructions stored in a non-transitory computer readable medium, wherein said computer program code instructions are structured to cause said computer processor to:
• receive user input requesting initiation of a transaction at the ATM, the transaction involving an account maintained by the correspondent bank;
• initiate authentication of the user as an owner of the account;
• verify that the user is a customer of the correspondent bank and is pre-approved for performing correspondent relationship transactions on the ATM network of the ATM bank, wherein verifying comprises comparing a card routing transit number read from a card of the user to determine if the card routing transit number matches a correspondent bank routing transit number stored in a correspondent bank profile or an individual customer profile;
• communicate, to the user, an option to perform one or more types of correspondent relationship transactions;
• receive user input indicating the user's desire to complete a deposit correspondent relationship transaction and user input regarding the deposit transaction;
• process the deposit transaction user input;
• and
• communicate a result to the user, the result based on the processed deposit transaction user input.