Patent ID: 8281987
Filing Date: 2012-10-09
Classification: G06Q,G07F

Abstract:
1. ATM to ATM money wire transactions comprising of: a system software program that is integrated with financial institutions and has a licensed agreement; said system program allows ATM (aka: Automated Transaction Machines, automated teller machine, automated banking machine, money machine, bank machine, cash machine, hole-in-the-wall, cashpoint, bancomat, any time money and etc) to initiate and operate money wire transactions worldwide on the spot; neither the sender nor the receiver has to have a registered account with the TIM System to initiate the money wire transactions; all is needed is a major debit card or a credit card of any financial institutions with the VISA, MasterCard or AMEX logo on it or whichever bank accepts; using the system, the sender is capable to send the money at any ATM by using a major credit or debit card and the receiver is capable to withdraw the money from any ATM worldwide by using a major credit or debit card, as long as that ATM has the TIM System logo on it, which means this particular financial institution and/or bank has a licensed agreement with the TIM System that allows its ATMs to initiate and operate money wire transactions on the spot; the sender inputs his/her debit or credit card into the ATM and follows its regular procedure by entering the PIN number and etc; after the sender's card is accepted, he/she selects the “TIM System” feature which is listed on the screen along with other options (such as “Balance inquire “, “Withdraw”), and chooses either to SEND or RECEIVE the funds; if SEND is selected, then the sender will be asked to key in the amount to be sent and then will receive a confirmation number upon the transaction completion; the sender provides the receiver with the confirmation number; the sender's credit or debit card will be debited with the requested amount for the wire transfer plus with any additional transaction fees; the receiver inputs his/her debit or credit card into the ATM and follows its regular procedure by entering the PIN number and etc; after the receiver's card is accepted he/she selects the “TIM System” feature which is listed on the screen along with other options (such as “Balance inquire “, “Withdraw”), and chooses to RECEIVE the funds and keys in the confirmation number provided by the sender to authorize the withdrawal of the transferred funds; TIM System program gives an authorization to financial institutions and/or ATM either to accept or decline the money transfer request; if the program accepted the money transfer request, then TIM System gives an authorization to financial institutions and/or ATM to withdraw the wired amount.