Financial terminal that automatically reconfigures into different financial processing terminal types
An improved financial terminal automatically reconfigures into different financial processing terminal types. In one embodiment, the terminal comprises a housing; a card reader configured to accept at least a portion of a card having an integrated circuit; at least one display; at least one processor; and at least one memory configured to store machine readable code, the machine readable code comprising a first kernel corresponding to a first transaction type and a second kernel corresponding to a second transaction type.
1. An improved financial terminal that automatically reconfigures into different financial processing terminal types comprising:
a housing;
a card reader configured to accept at least a portion of a card having an integrated circuit;
at least one display;
at least one processor; and
at least one memory configured to store machine readable code, said machine readable code comprising a first kernel corresponding to a first transaction type and a second kernel corresponding to a second transaction type, wherein said machine readable code is configured, when executed by the at least one processor, to:
determine available financial transaction types associated with said card accepted by said card reader,
configure said financial terminal to a first configuration by utilizing said first kernel to process a first financial transaction,
when said first financial transaction is denied, automatically reconfigure said financial terminal to a second configuration by utilizing said second kernel to process a second financial transaction.
2. The improved financial terminal of claim 1 further comprising a communication interface configured to transmit information to and receive information from at least one financial processing network.
3. The improved financial terminal of claim 2 wherein said machine readable code is further configured to send, via said communication interface, a request to process said first financial transaction as a transaction of said first transaction type.
4. The improved financial terminal of claim 3 wherein said machine readable code is further configured to send, via said communication interface, a request to process said second financial transaction as a transaction of said second transaction type.
5. The improved financial terminal of claim 1 further comprising a monetary dispensing device.
6. The improved financial terminal of claim 1 wherein said first transaction type is a Personal Identification Number (“PIN”) based transaction type.
7. The improved financial terminal of claim 6 wherein said second transaction type is a Signature based transaction type.
8. The improved financial terminal of claim 1 wherein said card is not ejected from said card reader when said first financial transaction is denied.
9. The improved financial terminal of claim 8 wherein said card is automatically re-read by said card reader after said first financial transaction is denied.
10. The improved financial terminal of claim 1 wherein said configuring said financial terminal to a first configuration is based upon receipt of user input.
11. The improved financial terminal of claim 1 wherein said configuring said financial terminal to a first configuration is a default configuration without requiring receipt of user input.
12. An improved financial terminal that automatically reconfigures into different financial processing terminal types comprising:
a housing;
a card reader configured to accept at least a portion of a card having an integrated circuit;
at least one display;
at least one processor; and
at least one memory configured to store machine readable code, said machine readable code comprising a first kernel corresponding to a first transaction type and a second kernel corresponding to a second transaction type, wherein said machine readable code is configured, when executed by the at least one processor, to:
determine available financial transaction types associated with said card accepted by said card reader,
configure said financial terminal to a first configuration by utilizing said first kernel, said financial terminal in said first configuration capable of processing a first financial transaction solely based upon said first transaction type;
process said first financial transaction;
when said first financial transaction is denied, automatically re-read said card while said card remains accepted into said card reader and automatically reconfigure said financial terminal to a second configuration by utilizing said second kernel, said financial terminal in said second configuration capable of processing a second financial transaction solely based upon said second transaction type; and
process said second financial transaction.