Credit verification terminal with dual information sources

Details Credit verification terminal with dual information sources Credit verification terminal with dual information sources

1975-03-24

1977-01-18

Lucas, Jay P.

Registers

Calculators

Input-output calculator to indicator, printer, etc.

360 2, G06K 708, G11B 500

Patent

active

040041360

ABSTRACT:
A credit verification terminal for use in several credit systems includes a dual purpose mechanism for sequentially propelling a user's credit card past a reading head, and for storing merchant identifying and other data that can be read by the head. In one embodiment, the mechanism comprises an axially movable drum containing coaxial bands of encoded data. As the drum is rotated, a selected band containing merchant data is read; further drum rotational propels a credit card past the head, so that the user data contained thereon is read. In another embodiment, a planar card carrier includes a movable table containing parallel stripes or rows of encoded merchant and other data on one surface thereof. The user's credit card placed on the carrier is propelled past the head in one direction, and the data recorded is read; with the card removed, the merchant data is read when the carrier is moved past the head to its initial position. Apparatus for changing the stored merchant information is described.

REFERENCES:
patent: 3277244 (1966-10-01), Frost
patent: 3401394 (1968-09-01), Leonard
patent: 3752487 (1973-08-01), DE La Celle
patent: 3787661 (1974-01-01), Moorman
patent: 3803388 (1974-04-01), Williamson
patent: 3826900 (1974-07-01), Moellering
patent: 3837570 (1974-09-01), Ginsburgh
patent: 3891830 (1975-06-01), Goldman

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