Digital technology associated with the facilitation of real time deposits and withdrawals across multibank networks

Abstract A system for performing a transaction, the system being configured to: receive a transaction request from a Smart Automatic Teller Machine (ATM), the transaction request including customer identification data associated with a user; process the transaction request; send the transaction requ...

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Bibliographic Details
Main Authors Boers, Achim, Moss, Andrew, Walburn, Glenn, Sykes, Matt, Rojo, Fernando
Format Patent
LanguageEnglish
Published 02.02.2023
Subjects
CALCULATING
CHECKING-DEVICES
COIN-FREED OR LIKE APPARATUS
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:Abstract A system for performing a transaction, the system being configured to: receive a transaction request from a Smart Automatic Teller Machine (ATM), the transaction request including customer identification data associated with a user; process the transaction request; send the transaction request to a financial institution through a New Payments Platform (NPP) system; receive confirmation of the transaction request from the financial institution associated with the customer identification data; and process the transaction request in real-time. [Figure 1] Receive transaction request with customer ID Process request Send request to financial institution via a New Payments Platform system 120 Receive confirmation of the request from the financial institution, 130 associated with the customer ID Process transaction request in real time 140
Bibliography:Application Number: AU20210221623