Abstract:
A point-of-transaction machine that allows global users to reach all aspects of their finances, from their brokerage account to their banks, mortgage accounts, credit card accounts and more. Unlike conventional ATMs where you can only reach your bank account(s), the initial screen when signed on will give the global user options on which account or accounts they want to transact business. This initial screen will satisfy the banking, mortgage, and security law requirements of most countries, including those of the United States and Canada where such companies are required to be independent. The point-of-transaction machine will collect fees for each transaction, similar to current ATM usage fee agreements and will allow certain users to complete transactions without fees.

Description:
CROSS-REFERENCE TO RELATED APPLICATIONS 
     This application claims the benefit of U.S. Provisional Patent Application Ser. No. 60/349,817, filed Jan. 17, 2002. 
    
    
     FIELD OF THE INVENTION 
     The present invention generally pertains to automated teller-type machines. More particularly, the present invention pertains to an automated teller-type machine with improved versatility and a related method. More specifically, but without restriction to the particular embodiment and/or use which is shown and described for purposes of illustration, the present invention relates to an automated teller-type machine that allows an authorized user to access bank accounts, access stock quotations, trade stock, pay bills and perform other financial transactions. 
     BACKGROUND OF THE INVENTION 
     Until recently, financial transactions, such as banking, non-banking investments and bill paying, were largely restricted to transactions that were conducted in-person where such services are provided or through the mail. While these manners of transactions are acceptable for their intended purposes, they are not always convenient for the customer or cost effective for the service provider. 
     With respect to in person transactions, it is rarely ever convenient to visit the office of the service provider. Such transactions are typically used only as a last recourse (e.g., on the due date of a required payment). Additionally, the introduction of a human component on behalf of the service provider increases the probability of human error. Furthermore, the additionally required workforce to handle such transactions necessarily increases the cost to the service provider. 
     With respect to a transaction conducted through the mail, a delay is encountered between the time a transaction is put in the mail and the time that the transaction is recorded by the services provider. Additionally, the customer does not always have the necessary supplies (e.g., checks, stamps, envelopes, and the like) on hand for transactions through the mail. Furthermore, mail may be misplaced or lost by the delivery service and thereby adversely effect the customer, as through fees and lost opportunities, for example. 
     In an effort to overcome many of the disadvantages associated with in person and mail transactions, the advent, growth and maturation of the Internet has provided a means for conducting financial transactions electronically from remote locations. While such transactions provide improved convenience, there are nonetheless certain disadvantages and limitations of this methodology. For example, not everyone needing to conduct financial transactions owns or has ready access to a computer or another such interface (e.g., WebTV ®) having access to the Internet. Furthermore, a significant number of the people with ready access to the Internet have serious reservations about transmitting confidential personal and financial information over the Internet. A further disadvantage concerns the fact that transactions conducted over the Internet can not involve cash but rather require an electronically identifiable account (e.g., savings account, checking or NOW account, credit card account) from or to which funds are electronically debited or credited. 
     It is also known to provide a point-of-transaction machine, commonly referred to as automated teller machines or ATMs, for conducting various activities, such as withdrawing or depositing funds, transferring funds between accounts and conducting a balance inquiry of an account. These activities, however, are relatively limited in scope and do not provide the user with a means by which to access services and information outside of the particular financial institution to which the automated teller machine is linked. Accordingly, users of ATMs are unable to conduct financial transactions related to non-banking investments or bill paying at an ATM. 
     Accordingly, a need exists in the pertinent art to improve customer convenience for financial transactions and to reduce the associated costs of the service provider. 
     SUMMARY OF THE INVENTION 
     It is a general object of the present invention to provide a point-of-transaction machine for various financial transactions which improves customer convenience and reduces associated costs to the service provider. 
     It is another object of the present invention to provide a point-of-transaction machine which permits a customer to access accounts from various financial institutions. 
     It is another object of the present invention to provide a point-of-transaction machine which permits a customer to trade stock and access stock quotations. 
     It is yet another object of the present invention to provide a point-of-transaction machine which allows the user to make real time transactions. 
     It is yet another object of the present invention to provide a point-of-transaction machine which reduces the possibility of human error. 
     It is yet another object of the present invention to provide a point-of-transaction machine which is conveniently located and accessible any time of the day. 
     It is yet another object of the present invention to provide a point-of-transaction machine which accepts cash and check deposits for electronic transactions. 
     It is still yet another object of the present invention to provide a point-of-transaction machine which has a touch responsive screen that varies in response to the financial institutions authorized for use by the customer. 
     It is yet another object of the present invention to provide a point-of-transaction machine which provides for improved security of transmitted data. 
     In one particular form, the subject invention provides a point-of-transaction machine that allows global users to reach all aspects of their finances, from their brokerage account to their banks, mortgage accounts, credit card accounts and more. Unlike conventional ATMs where you can only reach your bank account(s), the initial screen when signed on will give the global user options on which account or accounts they want to transact business. This initial screen will satisfy banking, mortgage, and security law requirements of keeping these companies separate and distinct. The point-of-transaction machine will collect fees for each transaction, similar to current ATM usage fee agreements and will allow certain users to complete transactions without fees. 
     Additional benefits and advantages of the present invention will become apparent to those skilled in the art to which this invention relates from a reading of the subsequent description of the preferred embodiment and the appended claims, taken in conjunction with the accompanying drawings. 
    
    
     BRIEF DESCRIPTION OF THE DRAWINGS 
     The present invention will become more fully understood from the detailed description and the accompanying drawings, wherein: 
     FIG. 1 is a simplified front view of an automated teller-type machine constructed in accordance with the teachings of a preferred embodiment of the present invention. 
     FIG. 2 is an enlarged and simplified front view of the touch responsive screen of the automated teller-type machine of the preferred embodiment of the present invention. 
     FIG. 3 is a schematic view of a first financial network constructed in accordance with the teachings of the present invention. 
     FIG. 4 is a schematic view of a second financial network constructed in accordance with the teachings of the present invention. 
    
    
     DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENTS 
     The following description of the preferred embodiment(s) is merely exemplary in nature and is in no way intended to limit the invention, its application, or uses. 
     With general reference to FIGS. 1 and 2 of the drawings, a point-of-transaction machine constructed in accordance with the teachings of a preferred embodiment of the present invention is illustrated and generally identified at reference element  10 . The teachings of the present invention are shown incorporated into an exemplary embodiment. However, those skilled in the art will readily appreciate after reading the remainder of this detailed description that the teachings of the subject invention are not so limited. In this regard, arrangements other than that shown in the drawings will be understood to fall within the scope of the present invention. 
     The point-of-transaction machine  10  of the present invention is an automated teller-type machine that can be publicly located for the convenience of the customers. It is anticipated that the point-of-transaction machine  10  will be made available in much the same way that conventional ATMs are made available. In this manner, the point-of-transaction machine  10  can be accessible any day, at any time. 
     The point-of-transaction machine  10  is illustrated to generally include a touch responsive screen  12 , a card reading device  14 , a numerical keypad  16 , and a dispensing mechanism  18  for dispensing cash and receipts  18 . The point-of-transaction machine  10  is additionally illustrated to generally include a deposit mechanism  20  that permits the user/customer to deposit cash, checks and executed documents and a deposit envelope holder  22 . In the preferred embodiment, the point-of-transaction machine  10  is further illustrated to generally include a keyboard  24 , a shelf  26  for the placement of purses, daytimers, briefcases and the like, and an arcuate surround  28  that contributes to a modern appearance of the point-of-transaction machine and increases user privacy. 
     With particular reference to FIG. 2, an initial screen of the touch responsive screen  12  of the point-of-transaction machine  10  is illustrated. The initial screen greets the particular user in response to insertion of a readable card (not shown), such as a magnetically readable card, and provides various options for financial transactions. In one particular application, the readable card is coded so as to generate a specific user screen that only includes options authorized for use by the customer. The readable card is preferably a card specifically designated for use with the point-of-transaction machine. Alternatively, it may be desired in certain applications to allow the user/customer to access the point of sale machine  10  with an authorized credit card. 
     In the application illustrated, the screen allows the user to select from the following types of financial transactions: banking A, credit union B, direct mutual fund C, credit card D, mortgage company E, brokerage house F, or other G. The other G options may include bill paying to designed service providers (e.g., utilities). While not illustrated, the point-of-transaction machine will also preferably allow a user to check stock quotations. Services fees for stock quotations can be done on a per quote basis or on a monthly or annual subscription basis. In some applications, the point-of-transaction machine  10  is further able to transmit e-mail messages. 
     With reference to FIG. 3, a financial network constructed in accordance with the teachings of the present invention is generally indicated by reference numeral  50   a . The financial network  50   a  of this example is illustrated as including one or more optional legacy ATMs  52 , a financial institution network  54 , one or more independent financial service servers  56 , a point-of-transaction machine  10   a  and a financial services application server  58 . 
     The legacy ATMs  52  are conventional in their construction and operation and are sufficiently well known in the art so as not to require a detailed discussion of their construction and operation. Briefly, the legacy ATMs  52  are coupled to the financial institution network  54  and permit users of the legacy ATMs  52  to conduct financial transactions (e.g., deposits, withdrawals and balance inquiries, hereinafter referred to as “banking transactions”) from an account at a particular financial institution. Those skilled in the art will appreciate that various financial institution networks may be coupled to one another to thereby permit the user of the legacy ATM  52  to access their financial institution through the legacy ATM of another financial institution. In the example provided, the legacy ATMs  52  and the financial institution network  54  communicate via a Systems Network Architecture/Synchronous Data Link Control (SNA/SDLC) protocol using a suitable messaging protocol, such as the Diebold 912 messaging protocol. 
     The independent financial service servers  56  are likewise conventional and sufficiently well known so as not to require a detailed discussion of their construction and operation. Briefly, each independent financial service server  56  is associated with a particular financial service provider that may, for example, provide brokerage, mortgage, utility and/or credit card servicing services. In the particular example provided, the independent financial servers  56  include a brokerage server  56   a , a mortgage server  56   b , a utility server  56   c  and a credit card servicer server  56   d . The brokerage server  56   a  is operated by a particular brokerage house, such as E*Trade, Quick &amp; Reilly and Charles Schwab, and enables a customer to conduct brokerage transactions through the brokerage house. The mortgage server  56   b , utility server  56   c  and credit card servicer server  56   d  are likewise operated by a particular mortgage broker, utility and credit card servicer, respectively, and enable a customer to conduct transactions relating to mortgages, utilities and credit card accounts, respectively, through the mortgage broker, utility and credit card servicer, respectively. Financial transactions conducted through the independent financial service servers  56  are hereinafter referred to as “non-banking transactions”. The financial network  50   a  is illustrated as including a set of independent financial service servers  56 , each of whom provides a distinct set of financial services. Those skilled in the art will appreciate, however, that the financial network  50   a  may be configured with a set of independent financial service servers  56  with several of such servers providing competing services. For example, the financial network  50   a  may be coupled to several brokerage servers  56   a  to thereby permit the customer to choose amongst several brokerage houses for carrying out a particular brokerage transaction. Those skilled in the art will also appreciate that the set of independent financial service servers  56  may additionally include one or more discrete (i.e., competing) financial institution networks that are similar to the financial institution network  54  to thereby permit a customer to remotely conduct financial transactions at another financial institution. 
     The customer is typically identified by a financial service provider through a user identification and password, each of which being typically composed of 5 to 15 alpha-numeric characters. In some instances, the financial service provider may provide Internet access to their independent financial service server  56  to permit a customer to remotely access their accounts. In such situations, the user identification and password are ordinarily input by the customer via an alpha-numeric keyboard device at a computer terminal  64 , which may be a personal computer, for example. 
     Communications between the independent financial service server  56  and the computer terminal  64  preferably utilize conventional and well known protocols, such as TCP/IP, which dictate the manner in which data is transmitted between the independent financial service server  56  and the computer terminal, as well as a conventional and well known languages, which dictate the structure of the data that is transmitted between the independent financial service server  56  and the computer terminal. Data may be transmitted, for example, using Hyper Text Markup Language (HTML), which leaves the visual details (appearance) of the document to the end-user software, such as an Internet Browser program. 
     The point-of-transaction machine  10   a  and the financial services application server  58  cooperate to provide a means by which both traditional ATM services and independent financial services may be provided in a relatively secure manner at a single publicly accessible terminal. More specifically, the point-of-transaction machine  10   a  and the financial services application server  58  cooperate to control transaction routing, perform cardholder verification and PIN processing, and provide transaction integrity management, electronic security, device monitoring, external communications protocols and node interfaces and exchanges. 
     The financial services application server  58  is coupled to the independent financial service servers  56  over a private frame relay  68  and is operable for sending data to and receiving data from the independent financial service servers  56  on an as needed basis. In the particular embodiment provided, the financial services application server  58  will be understood as employing TCP/IP protocol and HTML for communicating with the financial service servers  56 . 
     The point-of-transaction machine  10   a  is generally similar to the point-of-transaction machine  10  and as such, will not be discussed in significant detail other than to note that it includes hardware, including at least one computer  70 , and software that permit the computer  70  to communicate with the financial institution network  54  in the manner (i.e., protocol and language) of the legacy ATMs  52 , as well as with the financial services application server  58 . In the particular example provided, the computer  70  communicates with the financial institution network  54  via the protocol and language that is utilized by the legacy ATMs  52  (e.g., with SNA/SDLC protocol and Diebold 912 messaging). Also in the particular embodiment provided, the computer  70  communicates with the financial services application server  58  via the private frame relay  68  using the TCP/IP protocol and HTML. More specifically, the computer  70  includes a network interface card (not shown) that permits the browser software running on the computer  70  to initiate an Uniform Resource Locator (URL) request when the customer desires to conduct a transaction with a particular financial services provider. In one alternative approach, the computer  70  may be configured to communicate with both the financial institution network  54  and the financial services application server  58  utilizing the protocol and language that is utilized by the legacy ATMs  52 . In this latter approach, the financial services application server  58  must adapt the HTML data received from the independent financial service servers  56  to conform to the data structure and format of the legacy ATMs  52 . 
     Those of ordinary skill in the art will appreciate, however, that regardless of the approach taken, each and every financial service provider (i.e., each independent financial service server  56 ) will either need to employ a standardized data interface or that the financial services application server  58  will need to “massage” the data received from each of the independent financial service servers  56  so that the data conforms to a predefined standard that may be transmitted directly to the point-of-transaction machine  10   a  or alternatively converted to a protocol and language of the type that is utilized by the legacy ATMs  52 . 
     Also alternatively, the financial services application server  58  may function solely as an intermediary that passes data between the independent financial service servers  56  and the point-of-transaction machine  10   a . This configuration has the advantage over the above-described variations of providing the customer with screens for accessing accounts and conducting transactions at such financial services providers that are identical to those that they would otherwise access remotely via a computer terminal  64  as described above. 
     In operation, a customer preferably accesses the point-of-transaction machine  10   a  by inputting (e.g., swiping) a readable card  80  (e.g., a magnetically readable card) through the card reading device  14  and inputting a PIN to provide access to all of the types of financial transactions that are available through the point-of-transaction machine  10   a . Configuration in this manner avoids the burden of redundant authentication. Alternatively, the keyboard  24  and/or the touch responsive screen  12  may be utilized to manually input the customer&#39;s password and user identification in the event that the customer desires to access one or more of the independent financial service servers  56 . 
     The point-of-transaction machine  10   a  may be configured to utilize any desired type of readable card, and as such, the readable card  80  may be of a relatively simple type that only includes a magnetic strip that contains account number data, for example. Additionally or alternatively, the point-of-transaction machine  10   a  may be configured to read other types of readable cards, such as those having micro-chips which will be referred to hereinafter as Universal Account Cards (UAC). Such UAC&#39;s are able to store information, including the balance, of various accounts that are established for the convenience of the customer. One account may be utilized for payment of mass transit or for products purchased from vending machines, for example, wherein funds are prepaid into the account by the user and thereafter the account is electronically debited when the UAC (i.e., the account) is utilized to purchase services or products. Accordingly, the point-of-transaction machine  10   a  may be utilized to review the balance of such accounts and electronically deposit funds or withdraw funds from such accounts. As such financial transactions are not traditional “banking transactions”, they will be considered herein as “non-banking transactions”. 
     As those skilled in the art will appreciate, any means may be employed for correlating the readable card  80 , the PIN and a customer&#39;s various user identification and password codes. In the example provided, the financial services application server  58  includes a user identification/password database that is accessible when the readable card  80  is swiped, the corresponding PIN is input and financial services other than those that are available through the financial institution network  54  are requested by the customer at the point-of-transaction machine  10   a . Verification of the PIN number (i.e., correlation of the readable card  80  to the PIN number) preferably occurs through the financial services application server  58  but may alternatively occur through the financial institution network  54  and relayed to the financial services application server  58  via the point-of-transaction machine  10   a.    
     Alternatively, the financial institution network  54  may include a user identification/password database that is accessible when the readable card  80  is swiped and the corresponding PIN is input and verified through the financial institution network  54 . When financial services other that those that are available through the financial institution network  54  are requested by the customer at the point-of-transaction machine  10   a , the user identification and password codes are transmitted to the financial services application server  58  via the point-of-transaction machine  10   a.    
     With reference to FIG. 4, a second financial network constructed in accordance with the teachings of the present invention is generally indicated by reference numeral  50   b . The financial network  50   b  of this example is generally similar to the financial network  50   a , except that a) it does not include legacy ATMs; b) a point-of-transaction machine  10   b  has been substituted for the point-of-transaction machine  10   a ; and c) the financial services application server  58   a  is coupled to both the independent financial service servers  56  and the financial institution network  54 . The point-of-transaction machine  10   b  is identical to the point-of-transaction machine  10   a  except that it is configured to exclusively communicate with the financial services application server  58 . 
     As noted above, the financial services application server  58  is employed to access both the independent financial service servers  56  and the financial institution network  54 . The financial services application server  58  preferably communicates with the independent financial service servers  56 , the financial institution network  54  and the point-of-transaction machine  10   b  utilizing Internet protocols and languages (e.g., TCP/IP and HTML) but may alternatively employ Internet protocols and languages to communicate with the independent financial service servers  56 , another protocol and language to communicate with the financial institution network  54  and either of these protocol and language combinations to communicate with the point-of-transaction machine  10   b.    
     While the invention has been described in the specification and illustrated in the drawings with reference to various preferred embodiments, it will be understood by those skilled in the art that various changes may be made and equivalents may be substituted for elements thereof without departing from the scope of the invention as defined in the claims. In addition, many modifications may be made to adapt a particular situation or material to the teachings of the invention without departing from the essential scope thereof. Therefore, it is intended that the invention not be limited to the particular embodiment illustrated by the drawings and described in the specification as the best mode presently contemplated for carrying out this invention, but that the invention will include any embodiments falling within the description of the appended claim(s).