Importance

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Abstract

A high speed, computer controlled banking machine provides fully automatic teller stations for completing banking functions in response to a coded credit card presented thereto. After the credit card presented to the machine has been initially checked to determine if the card has the proper format, coded information thereon is evaluated to check the user's identity prior to authorizing him to complete a selected banking function. When each of several standard checks of the credit card code have been completed, a check is made of a bank interchange file to determine if the presented card will be honored at a particular station. Upon a satisfactory response at the interchange check, a bad account verification is made to determine if the accounts encoded on the card are delinquent in any respect. For cards showing a good account, the computer advances the system operation to a transaction selection procedure wherein one of four separate banking function selections are made by a push button interface between a user and the system. Following the selection of a correct banking function for the presented card, operation of the system continues to a transaction processing procedure wherein the selected transaction is completed. In the transaction processing procedure, either currency is dispensed, funds deposited to one of several accounts or funds transferred between accounts of the user. Upon completion of any one of these three functions, the system advances to a receipt printing procedure wherein a record of the completed banking function is made. This receipt and the currency, where applicable, are delivered to the user along with his credit card for future use.

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First Claim