ATM system for receiving cash deposits from non-networked clients
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United States of America Patent
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Aug 24, 2010
Grant Date -
Dec 4, 2008
app pub date -
May 31, 2007
filing date -
May 31, 2007
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A systems and methods for depositing foreign funds into a native account using a foreign transaction machine are disclosed according to one embodiment of the invention. A foreign transaction machine, such as an ATM, receives and financial account number associated with a financial account and determines the native currency associated with the financial account. The foreign ATM may then receive cash in a foreign currency. AN exchange rate is received from within the ATM or through a network connected to the ATM. The foreign funds are then converted according to the exchange rate into native funds. The native funds are then deposited into the financial account. In other embodiments, the transaction machine provides transaction cards with native funds in response to receiving foreign currency.
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