05650604 is referenced by 308 patents and cites 15 patents.

A system and method for fully automated electronic transfer of cash or cash equivalent between a sender and a recipient is shown, including an initiating terminal for receiving a designation of an amount of money to be electronically transferred, an account from which it is to be transferred, and a security code from the sender, a central terminal for storing the amount and the security code in a file in the central terminal, and a dispensing terminal for receiving from the recipient an entry corresponding to the designated amount of money to be transferred and the security code, for providing the entered amount of money and security code to the central terminal for comparison with the information stored in the central terminal's file, and for dispensing to the recipient funds equivalent to the designated amount of money without requiring the recipient to have a card to activate the dispensing terminal.

Title
System and method for electronic transfer of funds using an automated teller machine to dispense the transferred funds
Application Number
8/392423
Publication Number
5650604
Application Date
February 22, 1995
Publication Date
July 22, 1997
Inventor
Michael J Rosenzweig
Morris Plains
NJ, US
Michael J Brant
Mountain Lakes
NJ, US
Neil P Marcous
Mountain Lakes
NJ, US
Agent
L Joy Greibenow
Assignee
Electronic Data Systems Corporation
TX, US
IPC
G06F 17/60
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