Browse Prior Art Database

Method for Enhanced Cash Machine Transactions

IP.com Disclosure Number: IPCOM000032478D
Original Publication Date: 2004-Nov-05
Included in the Prior Art Database: 2004-Nov-05
Document File: 1 page(s) / 41K

Publishing Venue

IBM

Abstract

Disclosed is a method for minimizing interactions for the withdrawal of cash at a cash machine. The method includes: provide the user with the option of repeating the last transaction, store the last transaction on an identification token, provide the user with a profile which may be stored to establish a default transaction.

This text was extracted from a PDF file.
This is the abbreviated version, containing approximately 58% of the total text.

Page 1 of 1

Method for Enhanced Cash Machine Transactions

Disclosed is a method for minimizing interactions for the withdrawal of cash at a cash machine. Cash dispensing machines, e.g. automatic teller machines (ATM), are ubiquitous. They are used for withdrawals or deposits to bank accounts. In general, users of such machines do not need to use the many options offered. They perform the same fixed-amount cash withdrawal for every interaction. However, in order to perform the cash withdrawal, the user must negotiate a multitude of menus: enter pin; choose withdraw or deposit; choose account; choose cash amount; choose distribution of bill sizes; get receipt or not; perform another transaction. The negotiation of menus for what is a repeated and identical transaction not only wastes the time of the user but also of the machine, thus limiting the number of transactions that a single machine may handle and in turn requiring that more machines be placed at busy use locations.

The solution to the problem is to provide a system and method for minimizing interactions for the withdrawal of cash at a cash machine. There are several solutions that may be implemented: (1) Provide the user with the option of repeating the last transaction. Add that choice to the withdraw/deposit menu. Thus, all of the subsequent steps may be bypassed. A record of the last transaction may be stored on an ID (identification) token (credit card, smart card, or wireless device), in the machine, or on the ne...