Pocket banking terminal, method and system

Details Pocket banking terminal, method and system Pocket banking terminal, method and system

1983-07-15

1985-08-20

Trafton, David L.

Registers

Systems controlled by data bearing records

Banking systems

178 2208, 178 2210, G06F 1530

Patent

active

045366470

ABSTRACT:
A portable banking terminal under control of an authorized user and operating within a system of banks and retailers may be initialized for personal use under separate controls by the banks and the retailers to facilitate the completion of basic transactions such as deposits and withdrawals from remote locations. Multiple verification checks for authorization of the user secure the transactions against interception and alteration during transmission over unsecured communication channels.

REFERENCES:
patent: 4223403 (1980-09-01), Konheim et al.
patent: 4268715 (1981-05-01), Atalla
patent: 4283599 (1981-08-01), Atalla
patent: 4423287 (1983-12-01), Zeidler

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