Browse Prior Art Database

Bill Payment/receipt Issue Feature for Automated Teller Machine

IP.com Disclosure Number: IPCOM000062219D
Original Publication Date: 1986-Sep-01
Included in the Prior Art Database: 2005-Mar-09
Document File: 1 page(s) / 11K

Publishing Venue

IBM

Related People

Rohen, JE: AUTHOR

Abstract

In an Automated Teller Machine (ATM) with check deposit/ cashing mechanism, a programming change creates a bill payment feature in which the bill is imprinted and returned to the user as a receipt.

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Bill Payment/receipt Issue Feature for Automated Teller Machine

In an Automated Teller Machine (ATM) with check deposit/ cashing mechanism, a programming change creates a bill payment feature in which the bill is imprinted and returned to the user as a receipt.

An ATM with check deposit/cashing capability includes a printer which prints transaction data on the check inserted by the user, and then places the check in a depository. This mechanism has the ability to "back out" an inserted check through the insertion slot if it is inserted incorrectly, if the MICR encoding cannot be read, or for any other reason.

It is readily apparent that reprogramming to make use of this "back out" capability creates a bill paying feature in which the user requests that a bill be paid from a specific valid account and inserts the bill in the check slot. The ATM feeds the bill in to the print station, carries out the transaction, prints receipt data on the bill, and then "backs" the bill out the slot to the user. The transaction is the same as has been utilized for ATM account transfers for bill paying applications, with the added advantage of giving the user payment verification on the bill itself.

Anonymous.

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