Registers – Systems controlled by data bearing records – Credit or identification card systems
Patent
1997-01-30
2000-01-04
Pitts, Harold I.
Registers
Systems controlled by data bearing records
Credit or identification card systems
235379, G06K 500
Patent
active
060100680
DESCRIPTION:
BRIEF SUMMARY
TECHNICAL FIELD
The present invention relates to a credit document connected to a customized document or card, to an independent customized credit card, and to the related equipment for issuance and validation. Specifically the present invention relates to a credit document for provision of a payment system having the characteristics of absolute safety, and to the equipment which allows issuance, control and validation of the credit document and of the complementary identification document and a traditional credit card customized and validated by the above mentioned equipment.
BACKGROUND ART
As is known there exist various instruments for the settlement of commercial exchanges or the transfer of goods and services between one individual and another. In addition to legal tender, used in general for negotiations of small amount, there are used credit documents, e.g. bank and bankers checks, whose function is to limit the risks connected with circulation of said credits. Another instrument used widely and which allows making payments consists of credit cards consisting of non-transferable documents which authorize the holder to purchase goods and services from third parties approved by the issuer of the card, in general banks and financial organizations, to which is transferred the onus of payment.
The payment instruments alternative to cash avoid the user's holding available an amount of money, sometimes large, with the related risks. Even these instruments are not considered quite safe. Credit cards can be readily used by third parties at least up to the time of reporting of their robbery or loss, while checks, despite numerous provisions adopted, can be skillfully counterfeited and falsified. Given the large number of payment operations performed each day it is understandable that these problems are perceived in a very serious manner, considering that they involve simultaneously numerous individuals, i.e. the customers, credit organizations, and the authorities responsible for control and repression.
SUMMARY OF THE INVENTION
The purpose of the present invention is to obviate the shortcomings set forth above. Specifically the purpose of the present invention is to provide a payment means in the form of a credit document which is extremely safe, useable only by the person to whom issued on the basis of a customized document. Another purpose of the present invention is to achieve the same guarantee as concerns safety for the widely used credit cards.
Another purpose of the present invention is to provide the specific equipment for creation of the credit documents and related customized document, of the independently customized credit card, and control and validation thereof.
These and other purposes are achieved by the credit document connected to a customized document or card, independently customized credit card integrated with a microchip, which is the object of the present invention, which comprises basically a watermarked paper support with copper-plate engraving print characterized in that it exhibits one or more safety codes related to the data of the transaction, expressed in two fields, in linear dotted and/or cryptographic form on the basis of a key consisting of an identification code and at least one mathematical expression which encodes the fingerprint of one or more fingers of the customer on the credit document and which is memorized in the microchip of the card or credit card.
The constructive and functional characteristics of the credit document connected to a document or customized card and of the independently customized credit card which is the object of the present invention as well as the associated formation, control and validation equipment for said document are set forth in the description of a preferred embodiment thereof given below by way of non-limiting example with reference to the annexed drawings in which:
BRIEF DESCRIPTION OF THE DRAWINGS
FIG. 1 shows schematically an example of a configuration of the paper support forming the credit document which is the object of t
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Nadir Technology Company Limited
Pitts Harold I.
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