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Umped States Patent 191 11 Patent Number: Wright et al. 45 54 Date of Patent: AUTOMATED TRANSACTION SYSTEM 4,575,621 WITH INSERTABLE CARDS FOR 4,747,049 75 Inventors: Franz?rslsprgggggsx L05 Altos
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Automated Transaction System (ATS) is a computerized system that processes financial transactions in real time.
Financial institutions and other entities engaged in financial transactions are required to file Automated Transaction System reports.
Automated Transaction System reports can be filled out electronically through the designated portal or platform provided by the regulating authority.
The purpose of Automated Transaction System is to monitor and track financial transactions to prevent money laundering and other illegal activities.
Information such as the amount of the transaction, the parties involved, and the purpose of the transaction must be reported on Automated Transaction System.
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