Systems and methods for performing ATM fund transfers using active authentication

1. A system, comprising:

a first computer processor associated with a financial institution, the first computer processor being communicatively coupled to an automated teller machine (ATM) network and also communicably coupled to a mobile network, the first computer processor being configured to:

receive pre-defined ATM transaction parameters for a transaction by a transferee device, the pre-defined ATM transaction parameters comprising (a) an amount of funds for the transaction and (b) a geographic limitation for an ATM at which the transaction may occur;

generate an authentication transaction key; and

transmit, via the mobile network, the authentication transaction key to the transferee device, the transferee device being a mobile device; and

a second computer processor associated with the transferee device and being configured to:

receive, via the mobile network, the authentication transaction key from the first computer processor; and

transmit the authentication transaction key to the ATM; and

a third computer processor associated with the ATM, the third computer processor being configured to:

receive the authentication transaction key at the ATM from the transferee device;

transmit, via the ATM network, a request to complete the transaction to the first computer processor;

receive, via the ATM network, a confirmation to complete the transaction, the confirmation being based on an authentication of the authentication transaction key by the first computer processor and a confirmation that the ATM corresponds to the geographic limitation for the ATM; and

dispense the amount of funds for the transaction in response to (i) the authentication of the authentication transaction key and (ii) the confirmation that the ATM corresponds to the geographic limitation for the ATM.

2. The system of claim 1 , wherein the pre-defined ATM transaction parameters for the transaction further comprise a future period of time during which the amount of funds are to be dispensed.

3. The system of claim 1 , wherein the authentication transaction key is a single-use transaction key that is unique to the transaction.

4. The system of claim 1 , wherein the authentication transaction key is a non-static, substantially random alpha-numeric string identifier.

5. The system of claim 1 , wherein the second computer processor transmits the authentication transaction key to the ATM via short range communication protocols.

6. The system of claim 5 , wherein the short range communication protocols comprise at least one of near field communication (“NFC”) or Bluetooth protocols.

7. The system of claim 1 , wherein the second computer processor receives the authentication transaction key via the mobile network via at least one of short message service (“SMS”), email, or voice mail.

8. The system of claim 1 , wherein the authentication transaction key:

is a non-static identifier associated with a transferor account;

is unique for the transaction; and

is valid for a limited period of time.

9. The system of claim 1 , wherein the first computer processor is further configured to authenticate the transferee device based on a unique identifier associated with the transferee device.

10. The system of claim 9 , wherein the unique identifier is an international mobile subscriber identity (“IMSI”) associated with the transferee device.

11. The system of claim 9 , wherein the amount of funds for the transaction are dispensed in response to the first computer processor authenticating the unique identifier associated with the transferee device.

12. A method comprising:

receiving, at a first computer processor associated with a financial institution, pre-defined ATM transaction parameters for a transaction by a transferee device, the pre-defined ATM transaction parameters comprising (a) an amount of funds for the transaction and (b) a geographic limitation for an ATM at which the transaction may occur;

generating, via the first computer processor, an authentication transaction key; and

transmitting, via the first computer processor and over a mobile network, the authentication transaction key to the transferee device, the transferee device being a mobile device;

receiving, at a second computer processor associated with the transferee device, the authentication transaction key from the first computer processor via the mobile network;

transmitting, from the second computer processor, the authentication transaction key to the ATM;

receiving, at a third computer processor associated with the ATM, the authentication transaction key at the ATM from the transferee device;

transmitting, from the third computer processor, a request to complete the transaction to the first computer processor via an ATM network;

receiving, at the ATM, a confirmation to complete the transaction, the confirmation being based on an authentication of the authentication transaction key by the first computer processor and a confirmation that the ATM corresponds to the geographic limitation for the ATM; and

dispensing, via the ATM, the amount of funds for the transaction in response to (i) the authentication of the authentication transaction key and (ii) the confirmation that the ATM corresponds to the geographic limitation for the ATM.

13. The method of claim 12 , wherein the pre-defined ATM transaction parameters for a transaction further comprise a future period of time during which the amount of funds are to be dispensed.

14. The method of claim 12 , wherein the authentication transaction key is a single-use transaction key that is unique to the transaction.

15. The method of claim 12 , wherein the authentication transaction key is a non-static, substantially random alpha-numeric string identifier.

16. The method of claim 12 , wherein the second computer processor transmits the authentication transaction key to the ATM via short range communication protocols.

17. The method of claim 16 , wherein the short range communication protocols comprise at least one of near field communication (“NFC”) or Bluetooth protocols.

18. The method of claim 12 , wherein the second computer processor receives the authentication transaction key via the mobile network via at least one of short message service (“SMS”), email, or voice mail.

19. The method of claim 12 , further comprising authenticating the transferee device based on a unique identifier associated with the transferee device, wherein the amount of funds for the transaction are dispensed in response to the first computer processor authenticating the unique identifier associated with the transferee device.

20. The method of claim 19 , wherein the unique identifier is an international mobile subscriber identity (“IMSI”) associated with the transferee device.