Importance

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Abstract

The Advanced Automatic Instant Money Transfer Machine, AAIMTM, system is a multiplicity of devices on a communications network available 24 hours a day, used interchangeably as sender, receiver and dispenser of funds and data. The sender accepts standard currency and includes removable medium storage devices to transfer to another such device acting as a receiver/dispenser. Remitted amounts are inserted or deducted from credit/debit accounts or currency and who pays the fees charged is indicated by an initiator of the transaction. Transfer transaction information includes: the type of transfer (money/funds or data), which device deducts the fee; how much money or what data to transfer; and to who and where the transfer transaction is to be made available. A receipt is generated by the sender via the system and a receiver becomes a dispenser only when the recipient retrieves a pending transaction using the appropriate password or identification. The cash, data, or financial instrument is then dispensed. The AAIMTMs also features voice-recognition, video, and sound to interact directly with initiator and intended recipient through video/sound, telephonic, or other communication means. Also music and music videos, will provide a dynamic and positive environment for the young and old, this feature can have a select means, enabling a user of the system to choose what they want to see and hear. A writable screen and/or digital pen means, to enable handwriting or use a signature, biometric devices, and other security features for document and money transfers give the users of AAIMTMs the added assurity that their transactions are reliable and trustworthy. The addition of audio-visual means enables a user of the system to perform transactions in real-time and generally enhance the transfer process as well as increasing safety and security requirements.

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First Claim