System and method for increasing a value of an electronic paymen

Registers – Systems controlled by data bearing records – Credit or identification card systems

Patent

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

235379, 235492, 705 41, 705 44, G06K 500

Patent

active

060624728

ABSTRACT:
A system for increasing the value of an electronic payment card. The system comprises, e.g., a security module arranged for authentication of the card, and an authorizing device for authorizing a value increase transaction to the card. The system is arranged for sending a value increase message to the card, upon which the value stored in memory in the card is increased, if the card has been found to be authentic and the value increase transaction thereof has been authorized. The system also has memory, in which identification data of the card is stored and, linked thereto, data relating to the authorization of the value increase of the card. If a value increase transaction is interrupted after authorization for the transaction had been given, a restore transaction occurs. In the restore transaction, the authenticity of the card is checked and the value increase transaction occurs on the basis of the authorization information previously stored in the system memory during the value increase transaction. Hence, through the system, interrupted value increase transactions may be recovered without the need for a new authorization.

REFERENCES:
patent: 4058839 (1977-11-01), Darjany
patent: 4746786 (1988-05-01), Heberle et al.
patent: 5093787 (1992-03-01), Simmons
patent: 5097115 (1992-03-01), Ogasawara et al.
patent: 5155342 (1992-10-01), Urano
patent: 5175416 (1992-12-01), Mansvelt et al.
patent: 5221838 (1993-06-01), Gutman et al.
patent: 5247578 (1993-09-01), Pailles et al.
patent: 5264689 (1993-11-01), Maes et al.
patent: 5285055 (1994-02-01), Oonakahara et al.
patent: 5329589 (1994-07-01), Fraser et al.
patent: 5396558 (1995-03-01), Ishiguro et al.
patent: 5428684 (1995-06-01), Akiyama et al.
patent: 5440634 (1995-08-01), Jones et al.
patent: 5495098 (1996-02-01), Pailles et al.
patent: 5539825 (1996-07-01), Akiyama et al.
patent: 5559313 (1996-09-01), Claus et al.
patent: 5767504 (1998-06-01), Menconi
patent: 5796092 (1998-08-01), Nagata et al.
patent: 5884292 (1999-03-01), Baker et al.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

System and method for increasing a value of an electronic paymen does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System and method for increasing a value of an electronic paymen, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for increasing a value of an electronic paymen will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-251755

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.