Method of and system for electronic funds transfer via facsimile machines
US4960981A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Jan 17, 1989 |
| Grant date | Oct 2, 1990 |
| Priority date | — |
| Expiry date | Jan 17, 2009 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04N1/42
- WIPO fieldAudio-visual technology
- WIPO sectorElectrical engineering
Abstract
In a system for carrying out financial transactions via facsimile machines, account customized transaction vouchers are completed by the parties to a transaction, each filling in the amount of the transactions, whether he or she is a sender or receiver of fund, the accound number of the other party and signature. The voucher optionally contains a transparent pocket for receiving an identification card of an authorized user of the system, and each party transmits by facsimile an image of the completed voucher together with identification card to a facsimile machine at a central facility, such as an automated clearing house ACH). A character reader at the central facility reads the incoming data and authorizes the requested transaction based on personal identification numbers correctly transmitted to the central facility via telephone pushbotton switches and an adequate account balance. Upon audible confirmation of the transaction information by the central facility using a synthesized voice message over the telephones, and confirmation by the parties, the central facility clears the transaction and sends transaction reports to the parties by facsimile.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.