A practical system and method for the remote distribution of financial services (e.g., home banking and bill-paying) involves distributing portable terminals to a user base. The terminals include a multi-line display, keys “pointing to” lines on the display, and additional keys. Contact is established between the terminals and a central computer operated by a service provider, preferably over a dial-up telephone line and a packet data network. Information exchange between the central computer and the terminal solicits information from the terminal user related to requested financial services (e.g., for billpaying, the user provides payee selection and amount and his bank account PIN number). The central computer then transmits a message over a conventional ATM network debiting the user's bank account in real time, and may pay the specified payees the specified amount electronically or in other ways as appropriate. Payments and transfers may be scheduled in advance or on a periodic basis. Because the central computer interacts with the user's bank as a standard POS or ATM network node, no significant software changes are required at the banks' computers. The terminal interface is extremely user-friendly and incorporates some features of standard ATM user interfaces so as to reduce new user anxiety.

Method and system for remote delivery of retail banking services

This invention relates to methods for controlling and monitoring access to network servers. In particular, the process described in the invention includes client-server sessions over the Internet. In this environment, when the user attempts to access an access-controlled file, the server subjects the request to a secondary server which determines whether the client has an authorization or valid account. Upon such verification, the user is provided with a session identification which allows the user to access to the requested file as well as any other files within the present protection domain.

Internet server access control and monitoring systems

An interactive computer system network enables a user to display desired information, such as news, financial and cultural information, and perform desired transactional services, such as banking and shopping, through any of a plurality of types of personal computers. User inputs are received by the personal computer and are translated into personal computer-independent data objects and executable code objects which are then processed by the network. These objects comprise partitioned applications required to process user inputs, portions of which are distributed and stored either locally within the personal computer or remotely in a host computer. User characteristics are monitored by the system in order to generate and display specific advertisements to the user based on individual usage characteristics and predetermined interests.

Reception system for an interactive computer network and method of operation

A system and method for paying bills without requiring interaction with the payors disclosed. The system includes a payor control interface, a communications interface, a bill generator, and a TCF message generator. The bill generator generates bill records from payor and payee information stored within the system for recurring bills. The bill generator may also generate bill records from the payor and payee information and from bill data messages received from payees. The generated bill records are used by the TCF message generator to generate the EFT messages for transferring funds electronically between payors and payees. Payors may alter the payment amount and date for a bill as well as reverse payment of a bill already paid. Payees are also able to alter recurring bill records or may present bill data so that bill records reflecting variable obligation amounts may be generated.

System and method for paying bills and other obligations including selective payor and payee controls

Methods and apparatus which deal with the management of risk relating to specified, yet unknown, future events are disclosed. 'Sponsor' stakeholders (12) specify a particular product relating to an event or phenomenon for which there is a range of possible future outcomes. 'Ordering' stakeholders (13) then offer contracts relating to the predetermined phenomenon and corresponding range of outcomes. The offered contracts specify an entitlement (or pay-off) at the future time of maturity for each outcome, and a consideration (or premium) payable, in exchange, to a 'counter-party' stakeholder (14). Independently of the offered contracts, the 'counter-party' stakeholders (14) input data as to their view of the likelihood of occurrence of each outcome in the predetermined range into the future, or specifically at the predetermined date of maturity. Each offered contract is priced by the processing units (20) by calculating counter-party premiums from the registered data, and a match attempted by a comparison of the offered premium with the calculated premiums. Matched contracts can be further traded until maturity, and at-maturity processing handles the exchange of entitlement as between the matched parties to the contract.

Methods and apparatus relating to the formulation and trading of risk management contracts

A transaction execution system is provided in which key initiated transaction requests at a terminal remote from and in communication with a host data processing system are processed at the terminal under the selective control of the host. Each active transaction key at the terminal keyboard is assigned one of three different states by a financial institution table. Transactions requested by keys having a data entry state are handled within the terminal and with the additional consumer entered data required to complete the transaction being requested by and received by the terminal using sets of messages previously stored in the terminal by the host data processing system. Transactions designated by an interactive key state take place within and involve interactive communication between both the terminal and the host, enabling the responses and other communications generated by the host in connection with a transaction for a particular customer to be customized. Message storage within the terminal and communication of messages to the terminal from the host are greatly simplified by storage of segments of messages at the terminal. Frequently repeated phrases can then be incorporated into a message as it is readied for display at the terminal by storing the phrases as segments and thereafter simply identifying them in message definitions communicated to the terminal from the host or stored at the terminal.

Transaction execution system having keyboard and message customization, improved key function versatility and message segmentation

A transaction execution system having a multiple account data base and a plurality of transaction terminals in communication with the host. The terminals each include a keyboard, a display, document handlng subsystems, a hardware control subsystem, a communication subsystem and a programmable control subsystem supervising the other subsystems. A user initiates a transaction request by inserting a card, which may have been issued by any of a plurality of cooperating card issuers or banks, into one of the terminals. The issuer identification number is read from the card, and used to search a table of card format and encryption key data. If the corresponding format and key data is located in the table, the terminal requests entry of a preassigned personal ID number through the keyboard. Verification data located on the card by format data from the table is encrypted in response to the key data from the table for comparison with the keyboard entered ID number. If the corresponding format and key data is not located in the table, the card data is sent to the host, which accesses a master table with the issuer identification number, and communicates back to the terminal the corresponding format and key data located in the master table. Once the terminal has checked for correspondence between encrypted verification data and the ID number, in response to format and key data from its own table or communicated from the host, additional transaction data is obtained via the keyboard. Upon command from the host, the host supplied format and key data is purged by the terminal at completion of the transaction, or else retained for future reference.

Transaction execution system with secure encryption key storage and communications

A transaction execution system is provided in which key initiated transaction requests ataternnnal remote from and in communication with a host data processing system are processed at the terminal under the selective control of the host Each active transaction key at the terminal keyboard is assigned one of three different states by a financial institution table 100. The table 100 provides keyboard customization by selecting one of a plurality of different groups of key states for the different keys arrived at by combining the key states in a custom key set table 106 with the states in a base key set table 104 in response to information from a credit card entered by a consumer. Transactions requested by keys assigned an active, standard state are processed at the terminal without further data input being required of the consumer. Transactions requested by keys having an active, data entry state are also handled within the terminal and with the additional consumer entered data required to complete the transaction being requested by and received by the terminal using sets of messages previously stored in the terminal by the host data processing system. Transactions designated by an interactive key state take place within and involve interactive communication between both the terminal and the host, enabling the responses and other communications generated by the host in connection with a transaction for a particular customer to be customized and providing for greater and more varied transactions including such things as bill paying in which funds are transferred between accounts in the host. Message storage within the terminal and communication of messages to the terminal from the host are greatly simplified by storage of segments of messages at the terminal FrequentlY repeateD phrases can then be incorporated into a message as it is readied for display at the terminal by storing the phrases as segments and thereafter simply identifying them in message definitions communicated to the terminal from the host or stored at the terminal.

Terminal, and transaction executing system using such a terminal

This invention relates to a transaction execution system. An embodiment of the invention provides a plurality of transaction terminals (1) in communication with a host data processing system (11). The terminals each include a keyboard (3), a display, document handling subsystems, a hardware control subsystem, a communication subsystem and a programmable control subsystem supervising the other subsystems. A user initiates a transaction request by inserting a card, which may have been issued by any of a plurality of cooperating card issuers or banks, into a card reader (2) of the terminals. The issuer identification number (9) is read from the card, and used to search a table (8) of card format and encryption key data. If the corresponding format and key data is located in the table, the terminal requests entry of a preassigned personal ID number (7) through the keyboard. Verification data located on the card by format data from the table is encrypted (5) in response to the key data from the table for comparison (6) with the keyboard entered ID number. If the corresponding format and key data is not located in the table, the card data is sent to the host (11), which accesses a master table (10) with the issuer identification number, and communicates back to the terminal the corresponding format and key data located in the master table. Once the terminal has checked for correspondence between encrypted verification data and the ID number, in response to format and key data from its own table or communicated from the host, additional transaction data is obtained via the keyboard. Upon command from the host, the host supplied format and key data is purged by the terminal at completion of the transaction, or else retained for future reference.

Transaction execution system

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Transaction execution system having keyboard and message customization, improved key function versatility and message segmentation

Transaction execution system with secure encryption key storage and communications

Terminal, and transaction executing system using such a terminal

Transaction execution system