The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Nov. 16, 1999
Filed:
May. 30, 1997
Robin Haley Gustin, Chicago, IL (US);
Troy W Livingston, Northbrook, IL (US);
Namsoo Park, Schaumburg, IL (US);
Capital Security Systems, Inc., Chicago, IL (US);
Abstract
An unattended banking machine such as an ATM machine has a payment acceptor for accepting payment from the machine user and for determining the amount of payment from the user. A calculator determines the transactional difference between the amount of the transaction and the payment by the user. In ATM machines service fees may be charged to the ATM user for issuing a money order or for a wire transfer that are not in even multiples of the smallest denomination of the currency being dispensed by the ATM machine. The preferred cash dispenser has only bills of different denominations and no coins. To pay the transactional difference without the use of very small denomination currency and/or coins the transactional difference is divided into a cash payment portion which is dispensed in bills from the machine's cash dispenser. The remainder of the transactional payment is paid electronically to the ATM user either on a card, such as a smart card, or into the user's ATM account as an electronic remainder payment portion. The ATM machine includes a card reader and card writer to add the electronic payment portion to the balance on the card. The ATM machine may perform a number of other transactions such as cashing a check, paying a bill, and purchasing an item.