Transaction system of the electronic purse type

Details Transaction system of the electronic purse type Transaction system of the electronic purse type

1990-10-31

1991-07-09

Pitts, Harold

Registers

Systems controlled by data bearing records

235380, 235492, G06K 500

Patent

active

050308068

ABSTRACT:
A card (2) having a memory microcircuit (20) with access thereto under the control of a hard-wired logic circuit or a microprocessor (21) is suitable for cooperating with a terminal (1). A memory in EPROM technology (or in E.sup.2 PROM technology) includes value words (e.g., thirty-two bit words comprising twenty-five value bits, four bits for coding the value unit of each value bit, and a verification bit). By loading a plurality of words into the memory so as to set up a sequence of value units spread over successive powers of 2, the calculation means can split up the amount of any transaction less than the maximum value of the card into binary form very simply, and then consume not more than one bit per value unit (optionally other than the most significant value unit) in respect of each transaction.

REFERENCES:
patent: 4001550 (1977-01-01), Schatz
patent: 4204113 (1980-05-01), Giraud et al.
patent: 4265955 (1980-05-01), Giraud
patent: 4367402 (1983-01-01), Giraud
patent: 4822984 (1989-04-01), Remery

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