Systems and methods for linking ATM to retailer transaction to preserve anonymity

US11410194B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Darren M. Goetz · Salinas, US
• Dennis E. Montenegro · Concord, US
• Alicia Y. Moore · San Ramon, US
• Timothy R. Ward · Mesa, US

Key dates

• Filing date: Oct 18, 2019
• Grant date: Aug 9, 2022
• Expiry date: May 2, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/203
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems, methods, and apparatuses for providing cash back to a customer from a linked ATM after a purchase transaction are described herein. A customer initiates the transactions using a payment check. A cash back amount is determined and an authentication passcode is created. Cash back information is then transmitted to the linked ATM. The cash back information includes the cash back amount and the authentication passcode. The authentication passcode is then provided to the customer. A cash back transaction is then authenticated using the authentication passcode, and the customer is provided with the cash back amount from the linked ATM.