METHOD AND SYSTEM FOR PERFORMING A CASH TRANSACTION WITH A SELF-SERVICE FINANCIAL TRANSACTION TERMINAL

摘要

A method and system (see Fig. 1) for performing a cash transaction with a self-service financial transaction terminal (12) makes use of computer hardware and software that allows a financial institution cardholder to authorize a recipient to withdraw a specified amount of cash at an ATM of the particular financial institution. The cardholder can set up the transaction from a telephone using an interactive voice system (IVR), or by utilizing the application at a financial institution ATM, or by using an Internet website application. The initiator can set up the recipient's ATM transaction to be either cardless or card-initiated.