Patent ID: 8065226
Filing Date: 2011-11-22
Classification: G06Q,G07F

Abstract:
1. A method for transferring cash from an originator's financial institution checking account to a financial institution escrow account for dispensing to a recipient at a financial institution self-service financial transaction terminal, comprising: receiving, using a financial institution interactive voice response computer having a processor and memory, from an originator via a telephonic device without a card reader, keypad entry of the originator's financial institution transaction card number and personal identification number and the originator's selection of a transfer option from a voice menu to transfer cash from the originator's checking account to the financial institution escrow account for dispensing to the recipient at any of a plurality of self-service financial transaction terminals; notifying the originator, using the financial institution interactive voice response computer, via the telephonic device, of a balance of the originator's financial institution checking account and a maximum amount of the balance of the originator's financial institution checking account available for dispensing to the recipient at any one of the plurality of financial institution self-service financial transaction terminals; receiving, using the financial institution interactive voice response computer, from the originator via the telephonic device, recipient identification information comprising an alphabetic, numeric, or alphanumeric identifier associated with a transaction card of the recipient; confirming to the originator, using the financial institution interactive voice response computer, via the telephonic device, the recipient identification information, and furnishing, using the financial institution interactive voice response computer, via the telephonic device, a unique authentication code associated with the recipient identification information to the originator, said recipient identification information and associated unique authentication code serving only to identify the recipient for dispensing of the cash in the financial institution escrow account to the recipient at any of the plurality of self-service financial transaction terminals without allowing the recipient access to any account of the originator; receiving, using the financial institution interactive voice response computer, from the originator via the telephonic device, a designation of an amount of cash to be transferred from the originator's checking account to the financial institution escrow account for dispensing to the recipient at any one of the plurality of financial institution self-service financial transaction terminals; transferring, using a financial institution back office computer having a processor and memory, the designated amount of cash from the originator's checking account to the financial institution escrow account for dispensing to the recipient at any of the plurality of self-service financial transaction terminals; receiving, using the financial institution interactive voice response computer, from the originator via the telephonic device, a specification of predefined conditions for dispensing of the cash held in the financial institution escrow account to the recipient consisting of a beginning date that is later than a current date and an ending date defining a period of time during which the dispensing of the cash held in the escrow account to the recipient is allowed and a contractual enabling event, an occurrence of which the dispensing of the cash held in the escrow account to the recipient is conditioned during said period of time; receiving, using the financial institution interactive voice response computer, from the originator via the telephonic device, a selection of an option for notification of the originator, and contact information consisting of least a telephone number or email address for the originator, when the cash held in the financial institution escrow account is dispensed to the recipient, confirming the contact information to the originator, using the financial institution interactive voice response computer, via the telephonic device, and notifying the originator, using the financial institution interactive voice response computer, via the telephonic device that a confirmation call will be made to the originator when the cash held in the financial institution escrow account is dispensed to the recipient; receiving, using the financial institution back office computer, entry by the recipient of the cardless identifier and the unique authentication code at any one of the plurality of financial institution self-service financial transaction terminals, if the originator's selection of the cardless transaction option for the recipient was received or dipping by the recipient of a transaction card associated with the transaction card number of the recipient and entry by the recipient of the unique authentication code at any one of the plurality of financial institution self-service financial transaction terminals, if the originator's selection of the transaction card initiated transaction option for the recipient was received; dispensing, using the financial institution back office computer, to the recipient all or a portion of the cash held in the financial institution escrow account up to the amount of cash transferred from the originator's checking account at said one of the plurality of financial institution self-service financial transaction terminals, according to the predefined parameters for dispensing of the cash held in the financial institution escrow account to the recipient consisting of the beginning date and the ending date defining the period of time during which the withdrawal of the cash held in the escrow account by the recipient is allowed and the contractual enabling event, the occurrence of which the withdrawal of the cash held in the escrow account by the recipient is conditioned during said period of time; and notifying the originator, using the financial institution interactive voice response computer, via the telephonic device of the dispensing of the cash held in the financial institution escrow account to the recipient and the amount dispensed and a date and a location of said one of the plurality of financial institution self-service financial transaction terminals of the dispensing by telephonic notification according to the contact information furnished by the originator.