ATM and POS terminal and method of use thereof

Abstract

A method of providing money, goods, services or the like to an account-holder based on an account when the daily ATM limit set by a bank has been met, or when a debit or credit card PIN cannot be remembered. The process will enable one to access cash and items of value through either the ATM network or a point-of-sale network to thereby obtain cash or an item of value. If the account-holder has exceeded the ATM network limit, a processor may prompt the account-holder to determine if the account-holder would like to access the account through the point-of-sale network. The money or item of value will be disbursed to the account-holder at a third location, where precautionary security measures may be utilized to ensure that the person receiving the cash is indeed the proper account-holder.

1 . A method of providing money or an item of value to an account-holder, the method comprising: 
 identifying an account to a terminal; entering a personal identification number into the terminal;    requesting money or an item of value based upon the account via a first type of transaction;    forwarding the first type of transaction to a processor;    forwarding the first type of transaction from the processor to a first network;    forwarding the first type of transaction from the first network to a bank;    making a denial of the first type of transaction;    forwarding the denial to the processor;    requesting money or an item of value based upon the account via a second type of transaction;    forwarding the second type of transaction to the processor;    forwarding the second type of transaction from the processor to a second network;    forwarding the second type of transaction from the second network to the bank;    making an approval of the second type of transaction;    forwarding the approval to the processor; and 
 instructing a money location to provide money or an item of value to the account-holder.  
   
     
     
         2 . The method of  claim 1  further comprising instructing the account-holder at the terminal to go to the money location.  
     
     
         3 . The method of  claim 1  further comprising providing a check to the money location, imprinting one of an ATM card, a POS card or a credit card on the check, and providing a copy of the check to the account-holder at the money location.  
     
     
         4 . The method of  claim 1  further comprising providing cash at the money location to the account-holder.  
     
     
         5 . The method of  claim 1  wherein the first network is an ATM network and the second network is a point-of-sale network.  
     
     
         6 . The method of  claim 5  wherein the ATM network and the POS network are integral.  
     
     
         7 . The method of  claim 1  wherein the terminal issues a script to the account-holder and the account-holder presents the script to the money location.  
     
     
         8 . The method of  claim 1  wherein the money location inquires about the transaction from the processor in order to be instructed to provide money or an item of value to the account-holder.  
     
     
         9 . The method of  claim 1  wherein the processor notifies the account-holder at the terminal of the denial of the first type of transaction and asks the account-holder if they would like to request the money or item of value via the second type of transaction.  
     
     
         10 . A terminal for providing cash to an account-holder from an account, with or without using a personal identification number, the terminal comprising: 
 means for receiving a card identifying the account;    means for entering information;    means for communicating with ATM networks and point-of-sale networks; and    means for dispensing cash.    
     
     
         11 . A method of providing money or an item of value to an account-holder based on a bank account or a credit card account without using a personal identification number, the method comprising: 
 identifying the specific account to a terminal;    making a request for money or an item of value;    forwarding the request to a processor;    forwarding the request from the processor to a point-of-sale network;    forwarding the request from the point-of-sale network to the bank;    making an approval of the request;    forwarding the approval to the processor; and 
 instructing a money location to provide money or an item of value to the account-holder.  
   
     
     
         12 . The method of  claim 11  further comprising instructing the account-holder at the terminal to go the money location.  
     
     
         13 . The method of  claim 11  further comprising providing a check to the money location, imprinting one of an ATM card, POS card or credit card on the check, and providing a copy of the check to the account-holder at the money location.  
     
     
         14 . The method of  claim 11  further comprising providing cash at the money location to the account-holder.  
     
     
         15 . The method of  claim 11  wherein the terminal issues a script to the account-holder and the account-holder presents the script to the money location.  
     
     
         16 . The method of  claim 11  wherein the money location inquires about the transaction from the processor in order to be instructed to provide money or an item of value to the account-holder.  
     
     
         17 . The method of  claim 11  wherein the processor notifies the account-holder at the terminal of the denial of the first type of transaction and asks the account-holder if they would like to request the money or item of value via the second type of transaction.  
     
     
         18 . A method of paying on behalf of a person for money, from an account of the person held by a custodian of the account based on a bank account, the method comprising: 
 identifying the account to a terminal;    requesting an item from the account via a first type of transaction;    forwarding the first type of transaction to a processor;    forwarding the first type of transaction from the processor to a first network;    forwarding the first type of transaction from the first network to the custodian of the account;    making a denial of the first type of transaction;    forwarding the denial to the processor;    requesting the item from the account via a second type of transaction;    forwarding the second type of transaction to the processor;    forwarding the second type of transaction from the processor to a second network;    forwarding the second type of transaction from the second network to the custodian of the account;    making an approval of the second type of transaction;    forwarding the approval to the processor; and 
 instructing the person to contact a dispenser of the item of value and instructing the dispenser to provide the person with the item of value.