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

US8554672B1 · kind B1 · 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: Dec 27, 2012
• Grant date: Oct 8, 2013
• Expiry date: Dec 27, 2032

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.