Systems and methods for banking transactions using a stored-value card

a stored-value card and banking transaction technology, applied in the field of financial services, can solve the problems of credit cards that can take weeks to issue from banks, inconvenient banking transactions, and inability to immediately withdraw funds from atm machines, so as to reduce the risks that banks take in providing banking transactions using stored-value cards, and facilitate banking transactions.

a stored-value card and banking transaction technology, applied in the field of financial services, can solve the problems of credit cards that can take weeks to issue from banks, inconvenient banking transactions, and inability to immediately withdraw funds from atm machines, so as to reduce the risks that banks take in providing banking transactions using stored-value cards, and facilitate banking transactions.

US20050082364A1Inactive Publication Date: 2005-04-21NEXXO FINANCIAL
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  • Systems and methods for banking transactions using a stored-value card
  • Systems and methods for banking transactions using a stored-value card
  • Systems and methods for banking transactions using a stored-value card

Examples

Experimental program
Comparison scheme
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Embodiment Construction

[0020] The present inventions provide systems and methods for banking transactions using a stored-value card. Those skilled in the art will recognize that various features disclosed in connection with the embodiments may be used either individually or jointly. It is to be appreciated that while the present inventions have been described with reference to preferred implementations, those having ordinary skill in the art will recognize that the present inventions may be beneficially utilized in any number of environments and implementations.

[0021] The inventions have been described below with reference to specific embodiments. It will be apparent to those skilled in the art that various modifications may be made and other embodiments can be used without departing from the broader scope of the inventions. Therefore, these and other variations upon the specific embodiments are intended to be covered by the present inventions.

[0022] The systems and methods for banking transactions use ...

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Abstract

Systems and methods for banking transactions use a kiosk to perform financial services. The kiosk dispenses a stored-value card. The kiosk determines a stored-value account related to a stored-value card for a user. The kiosk then receives user instructions for a banking transaction using the stored-value account. The kiosk then processes the user instructions to perform the banking transaction using the stored-value account.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS [0001] This application claims the benefit of U.S. Provisional Application Ser. No. 60 / 512,290 titled “Systems and Methods for Money Sharing,” filed Oct. 17, 2003, which is hereby incorporated by reference.BACKGROUND [0002] 1. Field of the Invention [0003] The present invention relates generally to financial services, and more particularly to systems and methods for banking transactions using a stored-value card. [0004] 2. Description of the Prior Art [0005] Customers use automatic teller machines (ATMs) to conduct banking transactions such as deposits, withdrawals, balance inquiries, and transfers between traditional bank accounts. ATMs require ATM / debit cards and PIN numbers assigned to the related ATM / debit card. One problem with ATM / debit cards is that a bank customer must physically go to a branch of a bank to setup a traditional bank account because ATM / debit cards have a bank account, such as a demand deposit account (DDA), associated w...

Claims

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Application Information

Patent Timeline
21 Apr 2005
Publication
US20050082364A1
IPC
G06F; G06F7/08; G06Q20/00; G07F7/10; G07F19/00
CPC
G06Q20/027; G06Q20/10; G06Q20/105; G06Q20/28; G07F19/20; G06Q20/3578; G06Q20/3674; G06Q20/3821
Inventors
ALVAREZ, DAVID R.; SHAPIRO, MITCHELL A.