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System and method for dispensing digital information from an automated transaction machine

An automated teller machine (ATM) (10) includes an input device (16) a card reader (20), a cash dispenser (24), and an output device (18). The ATM is operative to read account information from a card with the card reader and validate a user PIN input through the input device. The ATM may also be operative to dispense cash with the cash dispenser and dispense digital content with the output device responsive to user input selections. The ATM may be further operative to charge a user fee to an account associated with the card for the dispense of cash and digital content. Digital content dispensed by the ATM may include sound recordings such as MP3 files, video files, books, graphics, photographs, and other digital data. In cases where the ATM dispenses visual content the output device may include a printer that is operative to output printed photographs. Photographic image files may be acquired by the ATM from a remote photo processor or other digital information source accessible through the Internet or other network. The ATM may be operated through user inputs to manipulate image files. Image files may also be selectively received from or dispensed to a portable storage medium through a reading device or recording device connected to the ATM. Fees associated with the dispense of the image files may be transferred from an account associated with a user.
Owner:DIEBOLD NIXDORF

BIXCoin: A Secure Peer-to-Peer Payment System Based on the Public Payments Ledger

InactiveUS20170344983A1Fully and accurately validatedEliminate delaysCryptography processingPayment circuitsUser needsThird party
This invention describes a secure peer-to-peer payment system based on the use of a virtual currency, virtual accounts, and a public payments ledger. The virtual currency used in the system is stable, as it is pegged to real-world currencies with unit values equivalent to the national currency of the country of deployment. The virtual accounts are specially designed and cryptographically encapsulated objects that can be opened (created), initially loaded, cleared (suspended/terminated), and used (credited/debited) for direct account-to-account payments. Validation of payment transactions is supported by a public payments ledger that prevents the use of the system by illegal or unauthorized users, eliminates illegal payments, prevents the use of illegal currency, and double-spending. The ledger contains instances of virtual accounts, so validation of payments is instantaneous based on the validation of the balances of the two participating accounts. Validation protocol can be at several assurance levels, reflecting user needs, financial policies, and the value of the payment transactions. The system has no third parties and uses community validation protocols. Furthermore, it does not store any secret, private, or sensitive user credentials, so it is not vulnerable to any type of attack. It provides full security, privacy, and anonymity for users, their virtual accounts, and their payment transactions.
Owner:MUFTIC SEAD
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