Paul A Dunn

US Patent:

41140273, Sep 12, 1978

Filed:

Sep 13, 1976

Appl. No.:

5/722741

Inventors:

Charles E. Slater - Hamilton OH
Paul E. Dunn - Cincinnati OH
Lewis B. Mustain - Cincinnati OH

Assignee:

The Mosler Safe Company - Hamilton OH

International Classification:

G06K 500
G06F 700
H04Q 900

US Classification:

235419

Abstract:

An automated banking system, which comprises at least one remote transaction and cash dispensing unit interconnected with a central unit via a communication network is disclosed. Each remote unit is operable following a single customer card insertion, in either a first mode or a second mode, to process one or more transactions, including cash withdrawal, fund transfer and payment and deposit transactions. The central unit determines the mode of operation of each remote unit. In the first mode, the central unit communicates data to a remote unit following a request from the remote unit. The central unit may transmit information for updating the customer's card. The central unit communicates actual account balances which the remote unit reports to the customer. From other communicated data, which includes account descriptions, the remote unit determines which transactions a customer may perform. The remote unit then processes customer-selected transactions in accordance with additional communicated data, which includes working balances, an extended credit balance and a maximum cash limit.