Pre configurable debit cards for fast cash withdrawals from ATM

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PCT Application Number                  : Will update soon
Indian Patent Application Number   : 201741028509
US Patent Application Number         : Will update soon
Patent Status                                        : Rejected in India
 
In the current world most of the banks are providing traditional debit cards to their customers which means still we need to insert the card in to ATM and enter the PIN and then enter the desired amount to be withdrawn from the ATM. In the recent years so many advanced technologies are introducing in the banking sector still we need to follow the flow to get the cash from the ATM.

To ease the cash withdrawal process form ATM, I am proposing pre-configurable debit cards which means people can set the desired amount on the card itself by using small rotatable number locks (or similar to) which are embedded on the card. Now user can simply go to the ATM center and insert the card and enter the PIN and once the user is authenticated by the ATM then the ATM will read the number sequence from the card and if the same amount is available in the user's bank account then the ATM will directly dispense the amount (subject to the bank and country norms/policies).


Once the cash is dispensed then the ATM will reset the number sequence to all 0's i.e. 00000. So users no need to reset again manually.

BTW in the recent years so many new technologies are introducing particularly in the banking sector so this particular innovation might not be useful.

 Please share your comments and suggestions on this innovation.

 Reach me @ my.innovationconcepts@gmail.com

Disclaimer: Chances are there that some one may have patents on the similar innovative ideas but all these concepts are my own individual thoughts. 

Thank You
SPCS

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