System and method for requesting and dispensing negotiable instruments

United States Patent [w]

Novogrod

[ii] Patent Number: [45] Date of Patent:

6,119,931 Sep. 19,2000

[54] SYSTEM AND METHOD FOR REQUESTING AND DISPENSING NEGOTIABLE INSTRUMENTS

[76] Inventor: John C. Novogrod, 133 E. 64th St., Apt 6A, New York, N.Y 10021

[21] Appl. No.: 08/942,957 [22] Filed: Oct. 2, 1997

[51] Int. C I. G06F 17/60

[52] U.S. CI 235/379; 235/381; 235/472.01

[58] Field of Search 235/379, 375,

235/380, 381, 472.01; 902/12, 13, 14, 18, 30, 35, 39, 40

[56] References Cited

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Brian Tracey, "The Color of Money," The Wall Street

Journal—Technology, Nov. 16, 1998, at R28.

Paul Beckett and Larry M. Greenberg, "Smart Card Still

Needs More Answers, Sponsors Concede, as Big Test Nears

End" The New York Times, Nov. 4, 1998.

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Primary Examiner—Michael G Lee

Attorney, Agent, or Firm—Fish & Neave; Matthew T. Byrne [57] ABSTRACT

The present invention provides a system and method for requesting and dispensing negotiable instruments such as bank checks, money orders, and traveler's checks. An instrument may be requested in this system and method by a bank customer from a telephone, a computer, a fixed-location dispenser, or a portable, hand-held dispenser that is in communication with a bank computer. This request may be made orally, using touch tones, or using data transmission over a communication network that may include telephone lines, two-way radio links, microwave links, satellite links, cellular telephone links, computer networks, and the Internet. After a request is processed and approved, the requested instrument may then be dispensed at any time in this system and method to the bank customer or another party from any receive-only dispenser, fixed-location dispenser, or portable, hand-held dispenser that is also in communication with the bank computer.

10 Claims, 18 Drawing Sheets