Distributed on-line money access card transaction processing system
Patent 5457305 Issued on October 10, 1995. Estimated Expiration Date: 
March 31, 2014. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
March 31, 2014. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesCheck authorization system Scrip controlled cash dispensing system Patent #: 5220157 InventorsApplicationNo. 221686 filed on 03/31/1994US Classes:705/45, With paper check handling235/379, Banking systems705/17, Having interface for record bearing medium or carrier for electronic funds transfer or payment credit705/43, Including Automatic Teller Machine (i.e., ATM)705/75Transaction verificationExaminersPrimary: Shepperd, John W.Assistant: Lee, Michael G. Attorney, Agent or FirmForeign Patent References
International ClassG06F 017/00AbstractA distributed on-line transaction processing system (10) that functions with to any existing credit card and debit bank card processing center (18). The system (10) consists of a customer data-input station (14), a customer service station (16) and a customer transaction booth (20). The system is operated by a primary distributed on-line transaction processing software (30) and two secondary software programs (32, 34). A system transaction begins when a walk-up customer starts the system by passing a card through a magnetic card reader (14B) located in the customer data-input station (14). The customer enters the requested transaction on a touchscreen unit (14C) and the transaction is sent to the customer service station (16). At the station (16), the transaction is processed and sent to the credit and debit bank card processing center (18) where the transaction is either approved or disapproved. If an approval is given, a check corresponding to the approved amount, is printed on a printer (16C) located in the customer service station (16). The customer then walks up to a customer transaction booth (20) where the check is converted to a cash payment upon proper identification disclosure. | |
