Secure money transfer techniques using smart cards

Details Secure money transfer techniques using smart cards Secure money transfer techniques using smart cards

1994-02-08

1995-10-24

Hajec, Donald

Registers

Systems controlled by data bearing records

Credit or identification card systems

235379, 902 1, 902 4, 380 21, 380 24, G06K 500

Patent

active

054612179

ABSTRACT:
Systems and methods for providing secure electronic financial transactions are disclosed. Money is electronically stored on a plurality of smart cards. At least one smart card is equipped with an electronic security wall having a closed state and an open state. In the closed state, the smart card is disabled from participating in at least one financial transaction, and in the open state, the smart card may participate in at least one financial transaction. At least one smart card is equipped with at least one of a first security key for changing the state of the electronic security wall from the open state to the closed state, and a second security key for changing the state of the electronic security wall from the closed state to the open state. Financial transactions include, for example, electronically transferring money between a bank center and a smart card; electronically transferring money between the first and second smart cards; checking the amount of money stored on a smart card; and adding interest to the amount of money stored on the smart card.

REFERENCES:
patent: 4305059 (1981-12-01), Benton
patent: 4454414 (1984-06-01), Benton
patent: 4650975 (1987-03-01), Kitchener
patent: 4709136 (1987-11-01), Watanabe
patent: 5012074 (1991-04-01), Masada
patent: 5093862 (1992-03-01), Schwartz
patent: 5175416 (1992-12-01), Mansvelt et al.
patent: 5193114 (1993-03-01), Moseley

Affiliated with

Also associated with

Rating

Secure money transfer techniques using smart cards does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Secure money transfer techniques using smart cards, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Secure money transfer techniques using smart cards will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-1888253