Banking system that operates to cause financial transfers responsive to data read from data bearing records

US8701984B1 · kind B1 · utility

Assignee

• DIEBOLD, INC. · US

Inventors

• Roy Shirah · North Canton, US
• Andrew Junkins · Round Rock, US
• Matthew Force · Uniontown, US
• Mike Ryan · Canton, US
• William D. Beskitt · Canton, US
• Robert Bowser · Cary, US
• Mark D. Smith · Panama City, US

Key dates

• Filing date: Dec 10, 2012
• Grant date: Apr 22, 2014
• Expiry date: Dec 10, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F19/207
• WIPO field: Control
• WIPO sector: Instruments

Abstract

A banking system includes a plurality of automated banking machines and operates to cause financial transfers responsive to data read from data bearing records. Each machine (10) includes a user interface (16), a card reader (18) of data bearing records, a cash dispenser (42), and other transaction function devices. The card reader operates to read card data corresponding to financial accounts from user cards. In exchange for providing the machines at no charge to a merchant, user transaction fees assessed to machine users are shared by both the machine provider and the merchant.