Method and system for performing a cash transaction with a self-service financial transaction terminal

US8364589B2 · kind B2 · utility

Assignee

• Citicorp Development Center, Inc. · US

Inventors

• Carol J. Rizzo · Livingston, US
• Phoebe Rin-Rin Hsu · San Fernando, US
• Michael L. Sears · Lewisville, US

Key dates

• Filing date: Sep 6, 2011
• Grant date: Jan 29, 2013
• Expiry date: Sep 6, 2031

Classification

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

Abstract

A method and system for performing a cash transaction with a self-service financial transaction terminal makes use of computer hardware and software that allows a financial institution cardholder to authorize a recipient to withdraw a specified amount of cash at an ATM of the particular financial institution. The cardholder can set up the transaction, for example, from any telephone using an interactive voice response (IVR) system, or by utilizing the application at a financial institution ATM, or by using an Internet website application. The originator can set up the recipient's ATM transaction to be either cardless or card-initiated.