Registers – Systems controlled by data bearing records – Credit or identification card systems
Patent
1987-03-13
1989-06-27
Envall, Jr., Roy N.
Registers
Systems controlled by data bearing records
Credit or identification card systems
G06K 500
Patent
active
048432202
ABSTRACT:
An automatic data collection system for recording transaction data from a point of sale terminal employs a magnetic stripe on the back of the bank copy of the familiar sales slip pack. In response to the receipt of a credit authorization number, the POS terminal is operative to transfer tansaction data from the credit card magnetic stripe to the sales slip pack magnetic stripe for automatic recordation by the credit card issuer or its designee. The arrangement obviates the need for manual key operation to record the tyransaction data at the bank.
REFERENCES:
patent: 4225780 (1980-09-01), Jacoub et al.
American Magnetics Corporation
Envall Jr. Roy N.
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