Card system for collectively loading right of use in predetermin

Details Card system for collectively loading right of use in predetermin Card system for collectively loading right of use in predetermin

1997-08-13

2000-01-11

Lee, Michael G

Registers

Systems controlled by data bearing records

Credit or identification card systems

235492, 235375, 705 44, 902 26, G06K 500

Patent

active

06012637&

ABSTRACT:
A card transaction system and method which includes the card medium, an accepting apparatus for the card medium, and a host computer of a card medium issuer connected to the accepting apparatus via a communication line, comprises, an approving function for causing the host computer to answer one credit inquiry from the issuer so that the host computer approves right of use for the card medium within a predetermined amount of money without a necessity of performing a credit inquiry, a supply function for causing the accepting apparatus to supply information of the right of use to the card medium when the approving function approves the right of use, and a function for causing information of the right of use to be stored in a storage region of the card medium so as to realize a plurality of transactions with the card medium within the predetermined range of the amount of money without the necessity of performing the credit inquiry.

REFERENCES:
patent: 5177342 (1993-01-01), Adams
patent: 5454414 (1995-10-01), Benton
patent: 5521362 (1996-05-01), Powers
patent: 5644118 (1997-07-01), Hayashida
patent: 5793027 (1998-08-01), Baik
patent: 5811771 (1998-09-01), Dethloff

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