Patent•
Financial data processing system
26 Nov 1979-
TL;DR: In this paper, the authors present methods and systems for affecting the accounting functions of debiting and crediting a bank's account records, a payer's bank account records and a corporation's accounts receivable records with their customers's payments.
Abstract: There are disclosed herein methods and systems for affecting the accounting functions of debiting and crediting a bank's account records, a payer's bank account records and a corporation's accounts receivable records with their customers's payments, and are based upon the combination of data from two or more sources to prepare an integrated document comprising an invoice (bill) and a negotiable instrument, usually a bank check. These documents form an integrated document and contain all necessary pre-printed machine readable data and are combined to effect a variety of multi-function transactions. By combining all of the required data elements in a single document at the time of initial preparation of the integrated document, including an accounts receivable invoice and the payer's check, the requirement for subsequent redundant, labor intensive processes are eliminated. The single integrated document becomes a multi-functional document which generates the transaction to effect the customer's accounts receivable, the negotiable instrument to (i) credit the coporation's financial institutions account and (ii) debit the customer's financial institution's account while creating a complete audit trail and accountability at each separate processing level.
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30 Sep 2010TL;DR: In this article, the authors proposed a secure content distribution method for a configurable general-purpose electronic commercial transaction/distribution control system, which includes a process for encapsulating digital information in one or more digital containers, a process of encrypting at least a portion of digital information, a protocol for associating at least partially secure control information for managing interactions with encrypted digital information and/or digital container, and a process that delivering one or multiple digital containers to a digital information user.
Abstract: PROBLEM TO BE SOLVED: To solve the problem, wherein it is impossible for an electronic content information provider to provide commercially secure and effective method, for a configurable general-purpose electronic commercial transaction/distribution control system. SOLUTION: In this system, having at least one protected processing environment for safely controlling at least one portion of decoding of digital information, a secure content distribution method comprises a process for encapsulating digital information in one or more digital containers; a process for encrypting at least a portion of digital information; a process for associating at least partially secure control information for managing interactions with encrypted digital information and/or digital container; a process for delivering one or more digital containers to a digital information user; and a process for using a protected processing environment, for safely controlling at least a portion of the decoding of the digital information. COPYRIGHT: (C)2006,JPO&NCIPI
7,643 citations
Patent•
10 Dec 1990
TL;DR: In this paper, a practical system and method for the remote distribution of financial services (e.g., home banking and bill-paying) involves distributing portable terminals to a user base.
Abstract: A practical system and method for the remote distribution of financial services (e.g., home banking and bill-paying) involves distributing portable terminals to a user base. The terminals include a multi-line display, keys “pointing to” lines on the display, and additional keys. Contact is established between the terminals and a central computer operated by a service provider, preferably over a dial-up telephone line and a packet data network. Information exchange between the central computer and the terminal solicits information from the terminal user related to requested financial services (e.g., for billpaying, the user provides payee selection and amount and his bank account PIN number). The central computer then transmits a message over a conventional ATM network debiting the user's bank account in real time, and may pay the specified payees the specified amount electronically or in other ways as appropriate. Payments and transfers may be scheduled in advance or on a periodic basis. Because the central computer interacts with the user's bank as a standard POS or ATM network node, no significant software changes are required at the banks' computers. The terminal interface is extremely user-friendly and incorporates some features of standard ATM user interfaces so as to reduce new user anxiety.
1,711 citations
Patent•
13 Nov 1992TL;DR: In this article, an electronic-monetary system has been proposed, where banks or financial institutions are coupled to a money generator device for generating and issuing to subscribing customers electronic money including electronic currency backed by demand deposits and electronic credit authorizations.
Abstract: An electronic-monetary system having (1) banks or financial institutions that are coupled to a money generator device for generating and issuing to subscribing customers electronic money including electronic currency backed by demand deposits and electronic credit authorizations; (2) correspondent banks that accept and distribute the electronic money; (3) a plurality of transaction devices that are used by subscribers for storing electronic money, for performing money transactions with the on-line systems of the participating banks or for exchanging electronic money with other like transaction devices in off-line transactions; (4) teller devices, associated with the issuing and correspondent banks, for process handling and interfacing the transaction devices to the issuing and correspondent banks, and for interfacing between the issuing and correspondent banks themselves; (5) a clearing bank for balancing the electronic money accounts of the different issuing banks; (6) a data communications network for providing communications services to all components of the system; and (7) a security arrangement for maintaining the integrity of the system, and for detecting counterfeiting and tampering within the system. An embodiment of the invention includes a customer service module which handles lost money claims and links accounts to money modules for providing bank access.
1,184 citations
Patent•
17 May 1996
TL;DR: A tokenless identification system and method are principally based on a correlative comparison of a unique biometric sample, such as a finger print or voice recording, gathered directly from the person of an unknown user, with an authenticated biometrics sample of the same type obtained and stored previously.
Abstract: A tokenless identification system and method are principally based on a correlative comparison of a unique biometrics sample, such as a finger print or voice recording, gathered directly from the person of an unknown user, with an authenticated biometrics sample of the same type obtained and stored previously (1). It can be networked to act as a full or partial intermediary between other independent computer systems (3), or maybe the sole computer systems carrying out all necessary executions.
1,135 citations
Patent•
06 Nov 1998TL;DR: In this article, a matching and classification utility system comprising a kind of Commerce Utility System is used to perform the matching, narrowcasting, classifying and/or selecting process, non-limiting examples of which include software objects.
Abstract: Rights management information is used at least in part in a matching, narrowcasting, classifying and/or selecting process. A matching and classification utility system comprising a kind of Commerce Utility System is used to perform the matching, narrowcasting, classifying and/or selecting. The matching and classification utility system may match, narrowcast, classify and/or select people and/or things, non-limiting examples of which include software objects. The Matching and Classification Utility system may use any pre-existing classification schemes, including at least some rights management information and/or other qualitative and/or parameter data indicating and/or defining classes, classification systems, class hierarchies, category schemes, class assignments, category assignments, and/or class membership. The Matching and Classification Utility may also use at least some rights management information together with any artificial intelligence, expert system, statistical, computational, manual, or any other means to define new classes, class hierarchies, classification systems, category schemes, and/or assign persons, things, and/or groups of persons and/or things to at least one class.
1,109 citations
References
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29 Jul 1980TL;DR: In this article, an improved securities brokerage/cash management system supervises, implements and coordinates a margin securities brokerage account; participation in one or more short term money market or comparable funds; and subscriber-initiated use of electronically responsive subscriber identity credit/debit media and/or checking systems.
Abstract: Data processing for an improved securities brokerage/cash management system supervises, implements and coordinates a margin securities brokerage account; participation in one or more short term money market or comparable funds; and subscriber-initiated use of electronically responsive subscriber identity credit/debit media and/or checking systems. Subscriber expenditures, effected as by "charge card" use, check and/or cash advance are applied on a hierarchal basis, seriatim, against the subscriber's free credit balance, short term investment and the lendable equity in his securities account. On a periodic basis, e.g., daily, received card charges, check, securities and deposit transactions for the ensemble of account participants are verified and employed to compute an updated credit limit for each subscriber. The transactional data is reviewed against predetermined norms to detect abuses such as check kiting. The short term investment position of each account is modified as necessary to permit money market or comparable earned yields on the account free credit cash balance.
619 citations
Patent•
IBM1
TL;DR: In this article, the authors present a simple keyboard with a plurality of mutually exclusive keyboard fields, each relating to a different type of information, including a function selection field, a from account, a to account, and a numeric field.
Abstract: A user transaction terminal which may be connected for communication with a large scale data processing system includes a card handling subsystem which receives and transports user information cards; a user communication subsystem which includes a keyboard and an optical display; a hardware control subsystem which operates terminal hardware, a transaction statement subsystem which prints and dispenses written records of user transactions; a terminal communication subsystem which provides communication with a data processing system; a processor support subsystem which assists a control subsystem by performing control functions which are more easily implemented with hardware than software; and a control subsystem which includes a programmed microprocessor which is connected to the other subsystems via an information bus to coordinate and control the operations of the other subsystems. The keyboard includes a plurality of mutually exclusive keyboard fields, each relating to a different type of information. These fields include a function selection field, a from account field, a to account field, and a numeric field. The transaction selection, from account, and to account fields each include an optional selection key, the activation of which permits a user to enter key modifier data corresponding to the field of an activated optional selection key by activating a selected, predetermined combination of keys within the numeric field in accordance with a prearranged schedule. This convenient, simple keyboard thus contains separate keys for the most commonly used information states for each field as well as optional selection keys which greatly expand the information which may be entered without a substantial increase in keyboard complexity.
125 citations
Patent•
02 Jun 1978TL;DR: A versatile automatic transaction equipment comprises: a basic module including a user operation unit, an ID card processing unit, a transaction recording unit, and a cash delivery unit for cash payment transaction or verification of customer account balance; a deposit-receiving sub-module including a unit for identifying the type or class and authenticity of bill or bills inserted into the equipment for a deposit by a user and for counting the amount of money received as a deposit as mentioned in this paper.
Abstract: A versatile automatic transaction equipment comprises: a basic module including a user operation unit, an ID card processing unit, a transaction recording unit, and a cash delivery unit for cash payment transaction or verification of customer account balance; a deposit-receiving sub-module including a unit for identifying the type or class and authenticity of bill or bills inserted into the equipment for a deposit by a user and for counting the amount of money received as a deposit, and a bill transport unit for separately transporting the bills in two routes of rejection and receipt in accordance with the result of identification; and a passbook-processing sub-module including a magnetic data processing unit for reading and/or writing magnetic record data from the magnetic stripe attached to the passbook inserted by the user, and a printer unit for printing data representing the transaction history of the associated account. Each of the modules includes a control system having a programmable microprocessor and a terminal unit control circuit interconnected by an information bus, and an interface for inter-module data transfer.
111 citations
Patent•
28 Nov 1975TL;DR: A branch banking system for on-line processing of banking transactions which is responsive to customer-initiated and teller-insitiated operations and comprises a plurality of remote branch office terminals and a central controller for establishing transaction validity, maintaining transaction records and customer data is described in this paper.
Abstract: A branch banking system for on-line processing of banking transactions which is responsive to customer-initiated and teller-initiated operations and comprises a plurality of remote branch office terminals and a central controller for establishing transaction validity, maintaining transaction records and customer data. Each branch office terminal includes a branch controller in communication with the central controller and an associated plurality of branch teller stations, each including a teller unit and an associated set of peripheral units. Each teller station includes a teller data display which is responsive to the central controller, by way of its associated branch controller, to display alphanumeric data representative of the transactions. The set of peripheral units includes: a PIN (Personal Identification Number) signal generator, customer operated, for generating a PIN signal representative of specific data associated with that customer, a card reader for generating a CARD signal representative of data magnetically encoded on a region of a card as the card is read, and a teller data entry terminal. Each teller data entry terminal includes a first and a second teller-operated keyboard for respectively generating a FUNCTION signal representative of a desired banking function and a NUMERIC signal representative of a desired transaction. Each teller unit includes storage for temporarily storing the PIN, CARD, FUNCTION, and NUMERIC signals as generated. Each branch controller includes means to repetitively sample the storage of each of its teller units in succession at a polling frequency at least twice the character generation rate of the various peripheral units, means to identify each sampling time when a new character has been generated since the last sampling time, and means to transfer the new character signal when a new character is identified, together with an address signal or tag representative of the associated peripheral unit to the central controller. The central controller is responsive to the succession of new character signals to identify the customer account number and desired transactions, and is further responsive to successively validate the received new character signals, establish a record of the transaction, up-date the current customer account data to reflect the transaction, and transmit an authorization signal and data representative of the transaction to the display.
46 citations