Point-of-transaction machine with improved versatility and related method
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United States of America Patent
Stats
-
Nov 2, 2004
Grant Date -
Jul 17, 2003
app pub date -
Jan 10, 2003
filing date -
Jan 17, 2002
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A point-of-transaction machine that allows global users to reach all aspects of their finances, from their brokerage account to their banks, mortgage accounts, credit card accounts and more. Unlike conventional ATMs where you can only reach your bank account(s), the initial screen when signed on will give the global user options on which account or accounts they want to transact business. This initial screen will satisfy the banking, mortgage, and security law requirements of most countries, including those of the United States and Canada where such companies are required to be independent. The point-of-transaction machine will collect fees for each transaction, similar to current ATM usage fee agreements and will allow certain users to complete transactions without fees.
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