WO2019030647A1

WO2019030647A1 - Pre-configurable payment cards for financial transactions

Info

Publication number: WO2019030647A1
Application number: PCT/IB2018/055902
Authority: WO
Inventors: Swarna Kumari ADARI
Original assignee: Individual
Current assignee: Individual
Priority date: 2017-08-10
Filing date: 2018-08-06
Publication date: 2019-02-14
Anticipated expiration: 2020-02-10

Abstract

The present disclosure relates to pre-configurable payment cards that allows faster financial transactions such as cash withdrawals or cash deposits and the like at an automated teller machine (ATM) or a cash dispenser machines or Point-Of-Sale (PoS) machines. In an aspect, a payment card is configured with a selectable numerals/numbers. A cardholder can preset/configure an amount that needs to be withdrawn or deposited, by arranging/selecting the numbers provided on the card. In another aspect, a payment card configured with a display/user interface, a numeric keypad, motion sensors or solar panels, electrical circuitry for conversion of motion/kinetic or solar energy into electrical energy, and a rechargeable battery. Once the user inserts the card into an ATM and enters authentic PIN, the ATM reads the pre-configured amount and completes the transaction based on the arranged/selected the numbers provided on the card.

Description

PRE-CONFIGURABLE PAYMENT CARDS FOR FINANCIAL TRANSACTIONS TECHNICAL FIELD

[0001] The present disclosure relates generally to the field of payment cards (such as credit and debit card) to financial transaction processing systems using such payment cards. More particularly, the present disclosure relates to payment cards having selectable/configurable numbers that allows faster financial transactions (such as cash withdrawals or cash deposits and the like) at automated teller machines (ATM) or cash dispenser machines or Point-Of-Sale (PoS) machines.

BACKGROUND OF THE DISCLOSURE

[0002] Background description includes information that may be useful in understanding the present disclosure. It is not an admission that any of the information provided herein is prior art or relevant to the presently claimed disclosure, or that any publication specifically or implicitly referenced is prior art.

[0003] As conventionally known, a payment card is a device that enables its owner

(the cardholder) to make a payment by electronic funds transfer. The most common types of payment cards are credit cards and debit cards. Payment cards are usually embossed plastic cards, 85.60 ^χ 53.98 mm in size, which comply with the ISO/IEC 7810 ID-1 standard. They usually also have an embossed card number conforming to the ISO/IEC 7812 numbering standard.

[0004] Payment cards can be distinguished on the basis of the features of each type of card, including Credit card, Debit card, Charge card, ATM card Stored-value card, Fleet card, Gift card, Electronic money, Store card, and the like. For credit card, the issuer of a credit card creates a line of credit (usually called a credit limit) for the cardholder on which the cardholder can draw (i.e. borrow), either for payment to a merchant for a purchase or as a cash advance to the cardholder. Most credit cards are issued by or through local banks or credit unions, but some non-bank financial institutions also offer cards directly to the public. With a debit card (also known as a bank card, check card or some other description) when a cardholder makes a purchase, funds are withdrawn directly either from the cardholder's bank account, or from the remaining balance on the card, instead of the holder repaying the money at a later date. In some cases, the "cards" are designed exclusively for use on the Internet, and so there is no physical card. With charge cards, the cardholder is required to pay the full balance shown on the statement, which is usually issued monthly, by the payment due date. It is a form of short-term loan to cover the cardholder's purchases, from the date of the purchase and the payment due date, which may typically be up to 55 days. An ATM card (known under a number of names) is any card that can be used in automated teller machines (ATMs) for transactions such as deposits, cash withdrawals, obtaining account information, and other types of transactions, often through interbank networks. Cards may be issued solely to access ATMs, and most debit or credit cards may also be used at ATMs, but charge and proprietary cards cannot. With a stored-value card, a monetary value is stored on the card, and not in an externally recorded account. This differs from prepaid cards where money is on deposit with the issuer similar to a debit card. One major difference between stored value cards and prepaid debit cards is that prepaid debit cards are usually issued in the name of individual account holders, while stored-value cards are usually anonymous. A fleet card is used as a payment card, most commonly for gasoline, diesel and other fuels at gas stations. Fleet cards can also be used to pay for vehicle maintenance and expenses, at the discretion of the fleet owner or manager. The use of a fleet card reduces the need to carry cash, thus increasing the security for fleet drivers. The elimination of cash also helps to prevent fraudulent transactions at the fleet owner's or manager's expense.

[0005] Normally, while operations of the aforementioned payments cards, the cardholder visits at an automated teller machine (ATM) or a cash dispenser machines or Point-Of-Sale (PoS) machines and inserts or swipes the payments card, enters the PIN as an authentication step and then select various options like type of account in the bank, type of transaction to be done for example withdrawal, deposit etc, if withdrawal or deposit is selected then the cardholder may have to enter the amount for the transaction, then has to approve the transaction by selecting "OK" , and the like operations which are tedious in nature as well as time consuming. For example, it may happen that until the cardholder is reading the details of the operation to be performed, a pre-defined AMT operation time to select the particular operation would be finished. Further, an elderly person may not remember the operations to be performed at different locations all the time say at the ATM or the PoS or the cash dispenser machine and hence generally avoids usage of the payment cards in daily routine and face problems during the transactions.

[0006] There is therefore a need to provide a new, advanced, and efficient mechanism that reduces the time required per transaction at at the ATM or the PoS or cash dispenser machines along with reduction in the number of operations to be performed at the same. Further, there exists a need to provide for a payment card that incorporates additional security features to prevent unauthorized use of the cards. [0007] As used in the description herein and throughout the claims that follow, the meaning of "a," "an," and "the" includes plural reference unless the context clearly dictates otherwise. Also, as used in the description herein, the meaning of "in" includes "in" and "on" unless the context clearly dictates otherwise.

[0008] In some embodiments, the numerical parameters set forth in the written description and attached claims are approximations that can vary depending upon the desired properties sought to be obtained by a particular embodiment. In some embodiments, the numerical parameters should be construed in light of the number of reported significant digits and by applying ordinary rounding techniques. Notwithstanding that the numerical ranges and parameters setting forth the broad scope of some embodiments of the disclosure are approximations, the numerical values set forth in the specific examples are reported as precisely as practicable. The numerical values presented in some embodiments of the disclosure may contain certain errors necessarily resulting from the standard deviation found in their respective testing measurements.

[0009] The recitation of ranges of values herein is merely intended to serve as a shorthand method of referring individually to each separate value falling within the range. Unless otherwise indicated herein, each individual value is incorporated into the specification as if it were individually recited herein. All methods described herein can be performed in any suitable order unless otherwise indicated herein or otherwise clearly contradicted by context. The use of any and all examples, or exemplary language (e.g. "such as") provided with respect to certain embodiments herein is intended merely to better illuminate the disclosure and does not pose a limitation on the scope of the disclosure otherwise claimed. No language in the specification should be construed as indicating any non-claimed element essential to the practice of the disclosure.

[0010] Groupings of alternative elements or embodiments of the disclosure disclosed herein are not to be construed as limitations. Each group member can be referred to and claimed individually or in any combination with other members of the group or other elements found herein. One or more members of a group can be included in, or deleted from, a group for reasons of convenience and/or patentability. When any such inclusion or deletion occurs, the specification is herein deemed to contain the group as modified thus fulfilling the written description of all groups used in the appended claims. OBJECTS OF THE DISCLOSURE

[0011] It is an object of the present disclosure to provide a card (also interchangeably and hereafter referred to as "payment card" or "transaction card" or "ATM card") that reduces time required per transaction at ATMs or PoS machines or cash dispenser machines.

[0012] It is another object of the present disclosure to provide a card that reduces the number of operations per transaction at the ATMs or the PoS machines or the cash dispenser machines.

[0013] It is another object of the present disclosure to provide a card that enables faster transaction at an automatic transaction processing unit.

[0014] It is another object of the present disclosure to provide a new and technically advanced card that comprises a dial/lock/numbers comprising a plurality of selectable/configurable numbers.

[0015] It is another object of the present disclosure to provide a new and technically advanced card that includes a display illustrating a plurality of selectable numbers.

[0016] It is another object of the present disclosure to provide a new and technically advanced card that includes at least one replaceable and/or rechargeable battery to power the display.

[0017] It is another object of the present disclosure to provide a system and method that reads the selectable dial/lock/numbers of new and technically advanced card.

[0018] It is another object of the present disclosure to provide a system and method that resets the dial/lock/numbers of new and technically advanced payment card after a successful transaction.

SUMMARY

[0019] The present disclosure relates generally to the field of payment cards (such as credit and debit card) to financial transaction processing systems using such payment cards. More particularly, the present disclosure relates to payment cards having selectable/configurable numbers that allows faster financial transactions (such as cash withdrawals or cash deposits and the like) at automated teller machines (ATM) or cash dispenser machines or Point-Of-Sale (PoS) machines.

[0020] An aspect of the present disclosure relates to a payment card configured with a selectable numeral s/numbers (as available on portable locks having numbers that are used to lock/unlock the lock). A cardholder can pre-set/configure an amount that needs to be withdrawn or deposited, by arranging/selecting the numbers provided on the card. Once the user inserts the card into an the ATM or a PoS or a cash dispenser machine and provides pre- configured/pre-allocated PIN associated with the card, the ATM or the PoS or the cash dispenser machine reads the pre-configured amount and dispenses/accepts the amount based on the arranged/selected the numbers provided on the card. Sooner the transaction is over the ATM or the PoS or the cash dispenser machine resets the numbers to a default predefined pattern, say, 00000.

[0021] An aspect of the present disclosure relates to a payment card configured with a display/user interface, a numeric keypad, motion sensors or solar panels, electrical circuitry for conversion of motion/kinetic or solar energy into electrical energy, and a rechargeable battery. The numeric keypad can be used to pre-set/configure an amount that needs to be withdrawn or deposited, by pressing the numbers or typing on the keypad, wherein the typed numbers can be seen on the display.

[0022] Once the user inserts the card into an the ATM or a PoS or a cash dispenser machine and provides pre-configured/pre-allocated PIN associated with the card, the ATM or the PoS or the cash dispenser machine reads the pre-configured amount and dispenses/accepts the amount. Sooner the transaction is over the ATM resets the card to a default state. Further, the motion sensors sense user's movement and activate the circuitry to charge the battery.

[0023] The technical benefit achieved by the proposed payment card is that it obviates the usual need of going through the hassle of selecting numerous menu options and consumption of too much time to reach the menu that allows selection of amount to be withdrawal. The user experiences fastest cash withdrawals.

[0024] An aspect of the present disclosure relate to a system for cash transaction, the system including a payment card operatively configured with a dial/lock including a plurality of selectable/configurable numbers, and an automatic transaction processing unit (at the ATM) including a card processing module and a transaction assessment module (at the ATM). The card processing module reads the plurality of selectable/configurable numbers and authenticates/approves a corresponding command to the transaction assessment module to either enable or disable transaction associated with the automatic transaction processing unit.

[0025] In an aspect, the dial/lock enables a cardholder to set a number indicative of an amount of cash to be dispensed (while withdrawal)/received (while deposit) by the automatic transaction processing unit. In another aspect, the dial/lock enables arranging the plurality of selectable numbers of the dial/lock operatively configured with the payment card. Upon the insertion of the payment card into a reader of the card processing module of the automatic transaction processing unit, the card processing module reads the plurality of selectable/configurable numbers and authenticates/approves a corresponding command to the transaction assessment module to either enable or disable transaction associated with the automatic transaction processing unit.

[0026] In an aspect, upon the insertion of the payment card into the reader the card processing module asks the cardholder for a secure personal identification number (PIN) associated with the payment card and authenticates the PIN entered by the user. When, the PIN entered by the user is authentic, the card processing module passes/approves transaction command say, dispensing (while withdrawal)/receiving (while deposit) to the transaction assessment module.

[0027] In an aspect, after dispensation of cash, the transaction assessment module resets the plurality of selectable numbers to a default value.

[0028] An aspect of the present disclosure relate to a system for cash transaction, the system including a payment card configured with a display illustrating a plurality of selectable numbers, and an automatic transaction processing unit (at the ATM) including a card processing module and a transaction assessment module (at the ATM). The card processing module reads the plurality of selectable/configurable numbers and authenticates/approves a corresponding command to the transaction assessment module to either enable or disable transaction associated with the automatic transaction processing unit.

[0029] In an aspect, a card holder (also interchangeably referred to as "user") to set a number indicative of an amount of cash to be dispensed (while withdrawal)/ received (while deposit) by the automatic transaction processing unit by arranging/selecting the plurality of selectable numbers illustrated by the display configured with the payment card. Thereafter, the user inserts the payment card into a reader of the card processing module of the automatic transaction processing unit to complete the transaction.

[0030] In an aspect, the payment card includes at least one replaceable and a rechargeable battery operatively configured with the payment card, wherein the at least one replaceable battery powers the display configured with the payment card.

[0031] It would be appreciated that although aspects of the present disclosure have been explained with respect to a system for cash transaction capable of dispensing cash/depositing case form an automatic transaction processing unit/ automated banking machine such as an automated teller machine (ATM) or a cash dispenser machine, the present disclosure is not limited to the same in any manner whatsoever and any other form of transaction capable of being performed by payment cards is completely covered within the scope of the present disclosure.

[0032] Those skilled in the art will further appreciate the advantages and superior features of the disclosure together with other important aspects thereof on reading the detailed description that follows in conjunction with the drawings.

BRIEF DESCRIPTION OF THE DRAWINGS

[0033] The accompanying drawings are included to provide a further understanding of the present disclosure, and are incorporated in and constitute a part of this specification. The drawings illustrate exemplary embodiments of the present disclosure and, together with the description, serve to explain the principles of the present disclosure.

[0034] In the figures, similar components and/or features may have the same reference label. Further, various components of the same type may be distinguished by following the reference label with a second label that distinguishes among the similar components. If only the first reference label is used in the specification, the description is applicable to any one of the similar components having the same first reference label irrespective of the second reference label.

[0035] FIG. 1A and IB illustrate an exemplary front view and rear view of a typical payment card respectively as available in the prior-art.

[0036] FIG. 2 illustrates an exemplary block diagram representation of proposed system for performing transaction, in accordance with an embodiment of the present disclosure.

[0037] FIGs. 3A-3B illustrate an exemplary front view of proposed payment card

(also interchangeably used as "card") operatively configured with a dial that includes a plurality of selectable numbers, in accordance with an embodiment of the present disclosure.

[0038] FIG. 4 illustrates exemplary front view of the proposed payment card (also interchangeably used as "card") operatively configured with a display that illustrates a plurality of selectable numbers in accordance with an embodiment of the present disclosure.

[0039] FIG. 5 illustrates an exemplary flow chart of the proposed system for performing transaction in accordance with an embodiment of the present disclosure.

[0040] FIG. 6 illustrates an exemplary computer system in which or with which embodiments of the present invention may be utilized in accordance with an exemplary embodiment of the present disclosure. DETAILED DESCRIPTION

[0041] If the specification states a component or feature "may", "can", "could", or

"might" be included or have a characteristic, that particular component or feature is not required to be included or have the characteristic.

[0042] Exemplary embodiments will now be described more fully hereinafter with reference to the accompanying drawings, in which exemplary embodiments are shown. This disclosure may however, be embodied in many different forms and should not be construed as limited to the embodiments set forth herein. These embodiments are provided so that this disclosure will be thorough and complete and will fully convey the scope of the disclosure to those of ordinary skill in the art. Moreover, all statements herein reciting embodiments of the disclosure, as well as specific examples thereof, are intended to encompass both structural and functional equivalents thereof. Additionally, it is intended that such equivalents include both currently known equivalents as well as equivalents developed in the future (i.e., any elements developed that perform the same function, regardless of structure).

[0043] Thus, for example, it will be appreciated by those of ordinary skill in the art that the diagrams, schematics, illustrations, and the like represent conceptual views or processes illustrating systems and methods embodying this disclosure. The functions of the various elements shown in the figures may be provided through the use of dedicated hardware as well as hardware capable of executing associated software. Similarly, any electronic code generator shown in the figures are conceptual only. Their function may be carried out through the operation of program logic, through dedicated logic, through the interaction of program control and dedicated logic, or even manually, the particular technique being selectable by the entity implementing this disclosure. Those of ordinary skill in the art further understand that the exemplary hardware, software, processes, methods, and/or operating systems described herein are for illustrative purposes and, thus, are not intended to be limited to any particular named.

[0044] Various terms as used herein are shown below. To the extent a term used in a claim is not defined below, it should be given the broadest definition persons in the pertinent art have given that term as reflected in printed publications and issued patents at the time of filing.

[0045] The present disclosure relates generally to the field of payment cards (such as credit and debit card) to financial transaction processing systems using such payment cards. More particularly, the present disclosure relates to payment cards having selectable/configurable numbers that allows faster financial transactions (such as cash withdrawals or cash deposits and the like) at automated teller machines (ATM) or cash dispenser machines or Point-Of-Sale (PoS) machines.

[0046] Accordingly, an aspect of the present disclosure relates to a card having a lock which includes a sequence of selectable numbers or symbols, wherein each one of said plurality of selectable numbers are indicative of a value to perform at least one transaction at an automated banking machine.

[0047] In an aspect, said lock is a combination lock or a rotary combination lock, having said sequence of selectable numbers or symbols.

[0048] In an aspect, said card can include a display. In another aspect, said display provides a combination lock or a numeric keypad having said sequence of selectable numbers or symbols. In yet another aspect, said at least one selected number or symbol selected from said sequence of selectable numbers or symbols is visible on said display.

[0049] In an aspect, said card can include a battery and/or a processor. In another aspect, said card can include a button or a plurality of buttons.

[0050] In an aspect, said card, with a user selected sequence of numbers or symbols, when inserted to said automated banking machine, enable to perform said at least one transaction based on said user selected sequence of numbers or symbols, wherein upon completion of said at least one transaction, said automated banking machine resets said user selected sequence of numbers or symbols.

[0051] An aspect of the present disclosure relates to a system to perform at least one transaction at an automated banking machine. The system can include a card having a lock with a sequence of selectable numbers or symbols, and said automated banking machine can include a card processing module that receives said card, and fetch, upon authentication, at least a user selected sequence of numbers or symbols from said sequence of selectable numbers or symbols to enable said at least one transaction, wherein said card is received by a reader (reader may be slot similar to a slot available for the insertion at the ATM cards at ATM machines) and said at least one transaction is enabled upon validation by a transaction assessment module.

[0052] An aspect of the present disclosure relates to a method for performing at least one transaction at an automated banking machine. The method can receive a card having a lock with a sequence of selectable numbers or symbols, fetch at least a user selected sequence of numbers or symbols from said sequence of selectable numbers or symbols upon authentication to enable said at least one transaction, perform said at least one transaction based on said user selected sequence of numbers or symbols, and reset upon completion of said at least one transaction, said user selected sequence of numbers or symbols by said automated banking machine.

[0053] FIG. 1A and IB illustrate an exemplary front view and rear view of a typical payment card respectively as available in the prior-art. In an aspect, front view 100 and rear view 150 of a typical payment card is shown in FIG. 1A and FIG. IB respectively. The typical payment card is a plastic card that can include an embossed card number 102, cardholder's name 104, expiration date 106 and card issuer authority logo 108 at the front. The payment card can further include a magnetic stripe 152, a signature strip 154 and a Card Verification Value (CVV) 156 at the back.

[0054] The payment card can be electronically linked to an account or multiple accounts belonging to the cardholder. These accounts may be deposit accounts or loan accounts or credit accounts, and the card is a means of authenticating the cardholder to execute a transaction from electronically linked accounts. Typically, payment cards can be distinguished on the basis of features of the type of card, including, but not limited to, credit cards, debit cards, ATM cards, charge cards, stored-value cards, fleet cards and gift cards.

[0055] The payment card number 102 can be embossed at front of the card 100 is a

16-digit unique number associated with the card and is used whenever a transaction is to be executed using the card. In an aspect, the cardholder's name 104 is name of the user authenticated to use the card or name of beneficiary of at least one account electronically linked with the card. In an aspect, the expiration date 106 is date till when the card can be used and post which the card is unable to process any transaction. In an aspect, the card issuer authority logo 108 represents name or logo of card issuer authority of the card, wherein the card issuer authority can either be a bank or a financial institution.

[0056] In an aspect, the magnetic stripe 152 stores card data which can be read by physical contact or swiping past a reading head (also referred to as magnetic head or reader hereinafter). The magnetic stripe 152 contains all the information appearing on front of the card, but allows for faster processing at point-of-sale or at an automatic transaction processing unit such as an automated teller machine (ATM), or a cash dispenser than the manual alternative as well as subsequently by the transaction processing company/organization. In an aspect, the signature strip 154 provides an authenticated user to sign the card so as to protect the card against any fraud, wherein the authenticated user can be a beneficiary of the at least one account electronically linked with the card. In an aspect, CVV 156 is a 3-digit unique number associated with the card that is required while making any over-the-phone or over-the-internet transactions. [0057] In an aspect, the card can further include an issue date (not shown) that represents date of issuing of the card and a transaction authority logo 110 that represents the transaction authority including, but not limited to, VISA, Mastercard, and Rupay with which the card is associated with and further provides information regarding usage of the card at a respective point-of-sale registered with the transaction authority. In an aspect, the typical payment card can further include an electronic chip (also known as EMV chip) (not shown) that can enable storage of card data on integrated circuits in addition to magnetic stripes. Payment cards with an EMV chip must be physically inserted into a reader and/or such cards can further be used as contactless cards that can be read over a short distance using radio- frequency identification (RFID) technology. A typical payment card configured with EMV chip is often called Chip and PIN or Chip and Signature cards, depending on authentication methods employed by the card issuer authority.

[0058] FIG. 2 illustrates an exemplary block diagram representation of proposed system for cash transaction in accordance with an embodiment of the present disclosure. In an aspect, the system for cash transaction 200 can include an automatic transaction processing unit 202 including, but not limited to, an ATM or a CD, wherein the automatic transaction processing unit 202 can include a card processing module 204 and a transaction assessment module 206. A proposed payment card 208 such as, but not limited to, a debit card, a credit card, an ATM card, or a stored-value card is payment card configured with a selectable numeral s/numbers (as available on portable locks having numbers that are used to lock/unlock the lock). A cardholder can pre-set/configure an amount that needs to be withdrawn or deposited, by arranging/selecting the numbers provided on the card.

[0059] The proposed payment card 208 can be provided to a reader 210 (which can have a slot for accepting such card) of the card processing module 204 to read the data stored on magnetic strip of the card and passes preliminary authentication step upon entering the PIN associated with the proposed payment card. Upon authentication, the card processing module 204 reads the arranged/selected the numbers provided on the card and accordingly a corresponding command to the transaction assessment module 206 to either enable or disable withdrawal or deposition of cash from/at the automatic transaction processing unit 202.

[0060] In an aspect, the transaction assessment module 206 verifies the amount to be dispensed by the automatic transaction processing unit 202 and receives a command from the card processing module 204 to either enable or disable withdrawal or deposition of cash from/at the automatic transaction processing unit 202 based on the authentication of the card and availability of the amount to be dispensed in both the account linked with the card 208 and the automatic transaction processing unit 202.

[0061] In an aspect, the automatic transaction processing unit 202 can further include one or more input and output devices such as, but not limited to, a keyboard, a display screen, and a microphone to take input from a user and provide the user with an illustration of various selectable options related to the transaction.

[0062] In an aspect, the card processing module 204 asks a user for a secure personal identification number (PIN) associated with the payment card and authenticates the PIN entered by the user, and upon authentication, the card processing module 204 reads the arranged/selected the numbers provided on the card and accordingly a corresponding command to the transaction assessment module 206 to either enable or disable withdrawal or deposition of cash from/at the automatic transaction processing unit 202. On the other hand, if PIN entered by the user is non-authentic, the card processing module 204 shows an error message on display screen and sends a trigger signal to the transaction assessment module 206 to disable dispensation of cash. The proposed system for cash transaction 200 eliminates the step of selecting amount to be dispensed at the automatic transaction processing unit 202, and thus allows for a faster transaction.

[0063] FIG. 3A illustrates an exemplary front view of proposed payment card operatively configured with a dial/lock that includes a plurality of selectable numbers in accordance with an embodiment of the present disclosure. In an aspect, the payment card 300 can include an embossed card number 302, cardholder's name 304, expiration date 306, card issuer authority logo 308 and a transaction authority logo 310 at the front.

[0064] In an aspect, the card number 302 embossed at front of the card 300 is a 16- digit unique number associated with the card and is used whenever a transaction is to be executed using the card 300. In an aspect, the cardholder's name 304 is the name of the user authenticated to use the card 300 or name of beneficiary of the account electronically linked with the card 300. In an aspect, the expiration date 306 is the date till when the card 300 can be used and post which the card 300 is unable to process any transaction. In an aspect, the card issuer authority logo 308 represents name or logo of card issuer authority of the card 300, wherein the card issuer authority can be a bank or a financial institution. In an aspect, the transaction authority logo 310 represents the transaction authority with which the card is assigned to and further provides information regarding usage of the card at a respective point- of-sale registered with the transaction authority. In an aspect, the card 300 can further include a magnetic strip (not shown) at rear side that stores card data which can be read by physical contact or swiping past a reading head (also referred to as magnetic head or reader hereinafter). The magnetic stripe contains all the information appearing on front of the card, but allows for faster processing at point-of-sale or at an automatic transaction processing unit such as an automated teller machine (ATM), or a cash dispenser.

[0065] In an embodiment, the card 300 includes a dial 320 comprising a plurality of selectable numbers at either front side or back side. It may be appreciated that the dial 320 can be provided with at least one selectable mechanism for the selection of the number and hence the plurality of selectable numbers shall not restrict the scope of the present disclosure.

[0066] In an exemplary embodiment, the plurality of selectable number of the dial

320 can be pre-configured to reflect the amount of cash to be dispensed from the automated transaction processing unit 202 or deposited at the automated transaction processing unit 202. In an aspect, a user can set an amount of cash to be dispensed by the automatic transaction processing unit 202 by arranging the plurality of selectable numbers of the dial 320. Thereafter, the user can insert the payment card 300 into a reader 210 of the card processing module 204 for completing the transaction.

[0067] In an aspect, the card processing module 204 reads the plurality of selectable numbers of the dial 320 and passes a corresponding command to the transaction assessment module 206 to either enable or disable transaction from the automatic transaction processing unit 202.

[0068] In an aspect, the card processing module 204 asks the user for a secure personal identification number (PIN) associated with the payment card 300 and authenticates the PIN entered by the user, and upon authentication, the card processing module 204 reads the arranged/selected the numbers provided on the card and accordingly a corresponding command to the transaction assessment module 206 to either enable or disable withdrawal or deposition of cash from/at the automatic transaction processing unit 202. On the other hand, if PIN entered by the user is non-authentic, the card processing module 204 shows an error message on display screen and sends a trigger signal to the transaction assessment module 206 to disable dispensation of cash. Further, after dispensation of cash, the transaction assessment module 206 resets the plurality of selectable numbers of the dial 320 to a default value that can be selected from a group of sequence of numbers such as, but not limited to, "00000" so as to prevent unauthorized use of the card 300.

[0069] It is to be appreciated that other techniques can be used in place of the dial 320 comprising a plurality of selectable/configurable numbers. Such techniques can provide for a plurality of selectable numbers that can be pre-configured by a user so as to select an amount to be dispensed from the automatic transaction processing unit 202, and implementation of such techniques are well within the scope of the present disclosure.

[0070] FIG. 3B illustrates an exemplary front view of proposed payment card operatively configured with a dial/lock that includes a plurality of selectable numbers in accordance with an embodiment of the present disclosure.

[0071] FIG. 4 illustrates another embodiment showing a payment card operatively configured with a display that illustrates a plurality of selectable numbers in accordance with an embodiment of the present disclosure. In an aspect, a payment card 400 can be operatively configured with a display 402. The display 402 can illustrate a plurality of selectable numbers that can be pre-configured by a user so as to select an amount of cash to be dispensed from the automatic transaction processing unit 202. In an aspect, the user can set the amount of cash to be dispensed by the automatic transaction processing unit 202 by pre-configuring the plurality of selectable numbers of the display 402. Thereafter, the user can insert the payment card 400 into reader 210 of the card processing module 204 of the automatic transaction processing unit 202.

[0072] In an embodiment, the payment card 400 can be configured with a display/user interface 402, a numeric keypad 402, motion sensors or solar panels, electrical circuitry for conversion of motion/kinetic or solar energy into electrical energy, and a rechargeable battery. The numeric keypad/user interface 402 can be used to pre-set/configure an amount that needs to be withdrawn or deposited, by pressing the numbers or typing on the keypad, wherein the typed numbers can be seen on the display. Once the user inserts the card into an the ATM or a PoS or a cash dispenser machine and provides pre-configured/pre- allocated PIN associated with the card, the ATM or the PoS or the cash dispenser machine reads the pre-configured amount on the display and dispenses the amount. Sooner the transaction is over the ATM resets the card to a default state. Further, the motion sensors sense user's movement and activate the circuitry to charge the battery.

[0073] In an aspect, the display can be provided as a touch panel such as, but not limited to, an LED touch panel and an LCD touch panel that can allow the user to pre- configure the plurality of numbers by appropriately changing the sequence of numbers by the amount of cash to be dispensed by the automatic transaction processing unit 202.

[0074] In an aspect, the card processing module 204 reads the plurality of selectable numbers shown on the display 402 and passes a corresponding command to the transaction assessment module 206 to either enable or disable dispensation of cash from the automatic transaction processing unit 202. [0075] In an aspect, the card processing module 204 asks the user for a secure personal identification number (PIN) associated with the payment card 400 and authenticates the PIN entered by the user, and upon authentication, the card processing module 204 reads the arranged/selected the numbers provided on the card and accordingly a corresponding command to the transaction assessment module 206 to either enable or disable withdrawal or deposition of cash from/at the automatic transaction processing unit 202. On the other hand, if PIN entered by the user is non-authentic, the card processing module 204 shows an error message on display screen and sends a trigger signal to the transaction assessment module 206 to disable dispensation of cash. Further, after dispensation of cash, the transaction assessment module 206 resets the plurality of selectable numbers of the display 402 to a default value that can be selected from a group of sequence of numbers such as, but not limited to, "00000" so as to prevent unauthorized use of the card 400. The proposed system for cash transaction eliminates the step of selecting amount to be dispensed at the automatic transaction processing unit 202, and thus allows for a faster transaction.

[0076] In an aspect, a replaceable battery 404 can be operatively configured with the card 400 that powers the display 402 and other battery operated features of the card 400 such as an additional storage device/module (not shown), or integrated circuit (IC) chip (not shown) configured with the card 400. The replaceable battery 404 can be operatively configured with the card 400 with the help of a replaceable tray 406 that can house the battery 404 and provide for a proper fitting of the battery 404 with the card 402. The replaceable tray 406 can be operatively coupled with the card 400 using fitting mechanisms such as, but not limited to, press fitting mechanism, snap fitting mechanism, and pin and slot fitting mechanism.

[0077] FIG. 5 illustrates an exemplary flow chart 500 of the proposed system for performing transaction in accordance with an embodiment of the present disclosure.

[0078] In an embodiment, a method for performing at least one transaction at an automated banking machine is disclosed.

[0079] At step 502, a card having a lock with a sequence of selectable numbers or symbols as proposed in the present disclosure is received at a reader of said automated banking machine.

[0080] At step 504, upon authentication, which may be by entering a PIN associated with the card, at least a user selected sequence of numbers or symbols are fetched from said sequence of selectable numbers or symbols to enable said at least one transaction. [0081] At step 506, said at least one transaction is performed based on said user selected sequence of numbers or symbols.

[0082] At step 508, upon completion of said at least one transaction, said user selected sequence of numbers or symbols are reseted by said automated banking machine.

[0083] FIG. 6 illustrates an exemplary computer system in which or with which embodiments of the present invention may be utilized in accordance with an exemplary embodiment of the present disclosure.

[0084] Embodiments of the present disclosure include various steps, which have been described above. A variety of these steps may be performed by hardware components or may be tangibly embodied on a computer-readable storage medium in the form of machine- executable instructions, which may be used to cause a general-purpose or special-purpose processor programmed with instructions to perform these steps. Alternatively, the steps may be performed by a combination of hardware, software, and/or firmware. As shown in the figure, computer system 600 includes an external storage device 610, a bus 620, a main memory 630, a read only memory 640, a mass storage device 650, communication port 660, and a processor 670. A person skilled in the art will appreciate that computer system 600 may include more than one processor and communication ports. Examples of processor 670 include, but are not limited to, an Intel® Itanium® or Itanium 2 processor(s), or AMD® Opteron® or Athlon MP® processor(s), Motorola® lines of processors, FortiSOC™ system on a chip processors or other future processors. Processor 670 may include various modules associated with embodiments of the present invention. Communication port 660 can be any of an RS-232 port for use with a modem based dialup connection, a 10/100 Ethernet port, a Gigabit or 10 Gigabit port using copper or fiber, a serial port, a parallel port, or other existing or future ports. Communication port 660 may be chosen depending on a network, such a Local Area Network (LAN), Wide Area Network (WAN), or any network to which computer system 600 connects. Memory 630 can be Random Access Memory (RAM), or any other dynamic storage device commonly known in the art. Read only memory 640 can be any static storage device(s) e.g., but not limited to, a Programmable Read Only Memory (PROM) chips for storing static information e.g., start-up or BIOS instructions for processor 670. Mass storage 650 may be any current or future mass storage solution, which can be used to store information and/or instructions. Exemplary mass storage solutions include, but are not limited to, Parallel Advanced Technology Attachment (PATA) or Serial Advanced Technology Attachment (SATA) hard disk drives or solid-state drives (internal or external, e.g., having Universal Serial Bus (USB) and/or Firewire interfaces), e.g. those available from Seagate (e.g., the Seagate Barracuda 7200 family) or Hitachi (e.g., the Hitachi Deskstar 7K1000), one or more optical discs, Redundant Array of Independent Disks (RAID) storage, e.g. an array of disks (e.g., SATA arrays), available from various vendors including Dot Hill Systems Corp., LaCie, Nexsan Technologies, Inc. and Enhance Technology, Inc. Bus 620 communicatively couples processor(s) 670 with the other memory, storage and communication blocks. Bus 620 can be, e.g. a Peripheral Component Interconnect (PCI) / PCI Extended (PCI-X) bus, Small Computer System Interface (SCSI), USB or the like, for connecting expansion cards, drives and other subsystems as well as other buses, such a front side bus (FSB), which connects processor 670 to software system. Optionally, operator and administrative interfaces, e.g. a display, keyboard, and a cursor control device, may also be coupled to bus 520 to support direct operator interaction with computer system 600. Other operator and administrative interfaces can be provided through network connections connected through communication port 660. External storage device 610 can be any kind of external hard-drives, floppy drives, IOMEGA® Zip Drives, Compact Disc - Read Only Memory (CD-ROM), Compact Disc - Re-Writable (CD-RW), Digital Video Disk - Read Only Memory (DVD-ROM). Components described above are meant only to exemplify various possibilities. In no way should the aforementioned exemplary computer system limit the scope of the present disclosure.

[0085] It should be apparent to those skilled in the art that many more modifications besides those already described are possible without departing from the inventive concepts herein. The inventive subject matter, therefore, is not to be restricted except in the spirit of the appended claims. Moreover, in interpreting both the specification and the claims, all terms should be interpreted in the broadest possible manner consistent with the context. In particular, the terms "comprises" and "comprising" should be interpreted as referring to elements, components, or steps in a non-exclusive manner, indicating that the referenced elements, components, or steps may be present, or utilized, or combined with other elements, components, or steps that are not expressly referenced. Where the specification claims refers to at least one of something selected from the group consisting of A, B, C ....and N, the text should be interpreted as requiring only one element from the group, not A plus N, or B plus N, etc. The foregoing description of the specific embodiments will so fully reveal the general nature of the embodiments herein that others can, by applying current knowledge, readily modify and/or adapt for various applications such specific embodiments without departing from the generic concept, and, therefore, such adaptations and modifications should and are intended to be comprehended within the meaning and range of equivalents of the disclosed embodiments. It is to be understood that the phraseology or terminology employed herein is for the purpose of description and not of limitation. Therefore, while the embodiments herein have been described in terms of preferred embodiments, those skilled in the art will recognize that the embodiments herein can be practiced with modification within the spirit and scope of the appended claims.

[0086] While embodiments of the present disclosure have been illustrated and described, it will be clear that the disclosure is not limited to these embodiments only. Numerous modifications, changes, variations, substitutions, and equivalents will be apparent to those skilled in the art, without departing from the spirit and scope of the disclosure, as described in the claims.

ADVANTAGES OF THE DISCLOSURE

[0087] The present disclosure provides a system for cash transaction that enables faster transaction at an automatic transaction processing unit.

[0088] The present disclosure provides a system for cash transaction that prevents unauthorized use of a payment card.

[0089] The present disclosure provides a payment card that comprises a dial comprising a plurality of selectable/configurable numbers.

[0090] The present disclosure provides a payment card that comprises a display illustrating a plurality of selectable numbers.

[0091] The present disclosure provides a payment card that comprises at least one replaceable battery to power the display.

[0092] The present disclosure provides a system for cash transaction that reads the selectable numbers of the payment card.

[0093] The present disclosure provides a system for cash transaction that resets the selectable numbers of the payment card after a successful transaction.

Claims

I Claim:

1. A card comprising:

a lock having a sequence of selectable numbers or symbols, wherein each one of said plurality of selectable numbers are indicative of a value to perform at least one transaction at an automated banking machine.

2. The card as claimed in claim 1, wherein said lock is a combination lock or a rotary combination lock, having said sequence of selectable numbers or symbols.

3. The card as claimed in claim 1, wherein said card further comprises a display.

4. The card as claimed in claim 3, wherein said display provides a combination lock or a numeric keypad having said sequence of selectable numbers or symbols.

5. The card as claimed in claim 4, wherein at least one selected number or symbol selected from said sequence of selectable numbers or symbols is visible on said display.

6. The card as claimed in claim 1, wherein said card further comprises a battery and/or a processor.

7. The card as claimed in claim 1, wherein said card further comprises a button or a plurality of buttons.

8. The card as claimed in claim 1, wherein said card, with a user selected sequence of numbers or symbols, when inserted to said automated banking machine, enable to perform said at least one transaction based on said user selected sequence of numbers or symbols, wherein upon completion of said at least one transaction, said automated banking machine resets said user selected sequence of numbers or symbols.

9. A system to perform at least one transaction at an automated banking machine, said system comprising:

a card having a lock with a sequence of selectable numbers or symbols as claimed in claims 1-7; and

said automated banking machine having: a card processing module adapted to receive said card, and fetch, upon authentication, at least a user selected sequence of numbers or symbols from said sequence of selectable numbers or symbols to enable said at least one transaction, wherein said card is received by a reader and said at least one transaction is enabled upon validation by a transaction assessment module.

10. A method for performing at least one transaction at an automated banking machine, said method comprising:

receiving, at a reader of said automated banking machine, a card having a lock with a sequence of selectable numbers or symbols as claimed in claims 1-7;

fetching, by said automated banking machine, upon authentication, at least a user selected sequence of numbers or symbols from said sequence of selectable numbers or symbols to enable said at least one transaction;

performing, by said automated banking machine, said at least one transaction based on said user selected sequence of numbers or symbols; and

resetting, by said automated banking machine, upon completion of said at least one transaction, said user selected sequence of numbers or symbols by said automated banking machine.