17958629. ATM LEVERAGING EDGE DEVICES FOR ROUND-TRIP DATA ROUTING simplified abstract (Bank of America Corporation)

ATM LEVERAGING EDGE DEVICES FOR ROUND-TRIP DATA ROUTING

Organization Name

Bank of America Corporation

Inventor(s)

Manu Kurian of Dallas TX (US)

Siten Sanghvi of Jersey City NJ (US)

Heather Dolan of Sarasota FL (US)

George Albero of Charlotte NC (US)

Maharaj Mukherjee of Poughkeepsie NY (US)

Kevin A. Delson of Woodland Hills CA (US)

ATM LEVERAGING EDGE DEVICES FOR ROUND-TRIP DATA ROUTING - A simplified explanation of the abstract

This abstract first appeared for US patent application 17958629 titled 'ATM LEVERAGING EDGE DEVICES FOR ROUND-TRIP DATA ROUTING

Simplified Explanation

The abstract describes a method for transporting information from an ATM to a central server using mobile devices when the ATM does not have a network connection. Upon the return of the mobile devices to the ATM, the ATM is updated.

• Transporting electronic transaction data processed locally at the ATM via a mobile device to a location with a network connection to the central server.
• Transmitting the electronic transaction data to the central server when a network connection is available.
• Updating the ATM by transmitting a data packet from the central server to the ATM when the mobile device returns to the pre-determined range of the ATM.

Potential Applications

This technology could be applied in the banking industry to improve the efficiency of ATM transactions and data management.

Problems Solved

This technology solves the problem of updating ATMs that do not have network connections by using mobile devices as a means of transporting information to and from a central server.

Benefits

The benefits of this technology include improved data management for ATMs, increased efficiency in updating ATM information, and the ability to operate ATMs in locations without network connections.

Potential Commercial Applications

A potential commercial application of this technology could be in the development of software or services for banks and financial institutions to enhance their ATM operations.

Possible Prior Art

One possible prior art for this technology could be the use of mobile devices for data transfer in various industries, such as retail or healthcare.

How does this method ensure the security of the transmitted data between the ATM, mobile device, and central server?

The security measures in place to protect the data during transmission are not explicitly mentioned in the abstract. It would be important to understand how the method ensures the confidentiality and integrity of the electronic transaction data.

What are the potential limitations or challenges of implementing this method in a real-world ATM network?

The abstract does not address any potential obstacles or limitations that may arise when implementing this method in a practical setting. It would be beneficial to explore any challenges that could affect the effectiveness or feasibility of this technology.

Original Abstract Submitted

A method using one or more mobile devices for transporting information from an automated teller machine (“ATM”) to a central server when the ATM does not support a network connection and, upon return of the one or more mobile devices to the ATM, updating the ATM may be provided. The method may include transporting electronic transaction data processed locally at the ATM, via a mobile device, to a location where a network connection between the mobile device and the central server may be established. When in a location including network connection, the method may include transmitting the electronic transaction data to the central server. When the mobile device is detected to have returned to be within the pre-determined range of the ATM, the method may include transmitting a data packet to the ATM, the data packet received from the central server, thereby updating the ATM of the transmittal.