17945283. BANKING AT AN ATM USING A MOBILE DEVICE simplified abstract (Bank of America Corporation)

BANKING AT AN ATM USING A MOBILE DEVICE

Organization Name

Bank of America Corporation

Inventor(s)

Arjun Thimmareddy of Charlotte NC (US)

Bryan T. King of Charlotte NC (US)

Alexander S. Lee of Jacksonville FL (US)

Vaishnavi Varma of New York NY (US)

Tony Aidoo of Aubrey TX (US)

Paula M. Booze of Charlotte NC (US)

Ramesh B. Chandanala of Charlotte NC (US)

William R. Conrad of New Castle DE (US)

Juliet Abdul-aziz of Chester (GB)

Gerard P. Gay of Seattle WA (US)

BANKING AT AN ATM USING A MOBILE DEVICE - A simplified explanation of the abstract

This abstract first appeared for US patent application 17945283 titled 'BANKING AT AN ATM USING A MOBILE DEVICE

Simplified Explanation

The patent application describes methods for banking at an ATM using a mobile device. The ATM can detect the mobile device and initiate contact, allowing the user to access banking services through a mobile application.

• Mobile device can be detected by the ATM and used to access banking services.
• User permission is required to access the ATM through the mobile device.
• Mobile application on the device is used to interact with the ATM.
• ATM screen becomes inactive for banking services while mobile device is in use.

Potential Applications

The technology can be applied in the banking industry to enhance the user experience and provide more convenient ways for customers to access ATM services.

Problems Solved

This technology solves the problem of having to physically interact with the ATM machine by allowing users to access banking services through their mobile devices.

Benefits

The benefits of this technology include increased convenience for users, improved security through mobile device verification, and a more streamlined banking experience.

Potential Commercial Applications

The technology can be implemented by banks and financial institutions to offer a more modern and user-friendly ATM experience, attracting tech-savvy customers.

Possible Prior Art

There are existing mobile banking applications that allow users to access certain banking services remotely, but the specific integration with an ATM as described in this patent application may be novel.

How does the mobile device communicate with the ATM securely?

The patent application does not provide details on the specific security measures in place to ensure secure communication between the mobile device and the ATM.

Are there any limitations to the types of banking services that can be accessed through the mobile device at the ATM?

The patent application does not specify if there are any restrictions on the types of banking services that can be accessed through the mobile device at the ATM.

Original Abstract Submitted

Methods for banking at an automated teller machine (ATM) using a mobile device. The ATM may automatically detect the presence of the mobile device in a vicinity of the ATM and initiate contact with the mobile device, or a mobile device may initiate contact with the ATM. After verifying user permission to access the ATM, the mobile device may be enabled to provide user access to one or more of the banking services available at the ATM using the mobile device and to view banking-related information on the mobile device. A mobile application on the mobile device may be used to access the ATM using the mobile device. While a mobile device is accessing the ATM, a screen on the ATM may become inactive for banking services and the option to select banking services directly at the ATM may be disabled.