Automatic-transfer-transaction processing apparatus

Details Automatic-transfer-transaction processing apparatus Automatic-transfer-transaction processing apparatus

1984-11-19

1987-02-03

Smith, Jerry

Boots, shoes, and leggings

235379, 235380, 235382, G06F 1530

Patent

active

046412395

ABSTRACT:
An automatic-transfer-transaction processing apparatus comprises a first means for receiving a transfer card of a paper with a magnetic strip and for reading the destination bank from the magnetic strip, and a second means for processing data to transfer a specified amount to the destination bank read from the transfer card. The valid period of the transfer card and the number of times the card has been used are recorded on the magnetic strip. The apparatus further comprises a third means for providing data showing the data, a fourth means for comparing the data with the expiration date of the valid period and comparing the number of times used with a predetermined value, thereby determining whether or not a new transfer card must be issued to replace the old one, and a fifth means for withdrawing the old card and issuing a new transfer card in accordance with the decision made by the fourth means.

REFERENCES:
patent: 4001550 (1977-01-01), Schatz
patent: 4423287 (1983-12-01), Zeidler
patent: 4423316 (1983-12-01), Saro et al.
patent: 4438326 (1984-03-01), Uchida
patent: 4449040 (1984-05-01), Matsuoka et al.
patent: 4590365 (1986-05-01), Okada

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