Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1998-05-21
2000-05-16
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 38, 705 41, G06F 1760
Patent
active
060649887
ABSTRACT:
A supersmart card system is provided for authorizing transactions between a transaction card user and a merchant. The supersmart card system includes a plurality of conventional transaction cards such as a debit cards, credit cards, or phone service cards, and a transaction authorization device. The transaction authorization device is user-carried and constructed to be separate and apart from the transaction card. The transaction authorization device includes logic means for storing data relating to the identity of the transaction card user and data relating to the authorization of transactions between a user and financial institutions or service providers. Preferably, the transaction authorization card also includes means enabling a user to select a particular transaction card for processing a transaction. The supersmart card system therein provides the simple to manufacture and use structure which reduces the potential for fraud arising from theft of a transaction card and which enables a user to carry about a single authorization device for authorizing transactions involving a large number of transaction cards and their corresponding financial institutions and service providers between a transaction card user and merchant.
REFERENCES:
patent: 3941977 (1976-03-01), Voss et al.
patent: 3982103 (1976-09-01), Goldman
patent: 4476468 (1984-10-01), Goldman
patent: 4542288 (1985-09-01), Drexler
patent: 4544835 (1985-10-01), Drexler
patent: 4614861 (1986-09-01), Pavlov et al.
patent: 4636622 (1987-01-01), Clark
patent: 4766293 (1988-08-01), Boston
patent: 5655008 (1997-08-01), Futch et al.
Irshadullah M.
MacDonald Allen R.
LandOfFree
Data processing system including transaction authorization devic does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Data processing system including transaction authorization devic, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Data processing system including transaction authorization devic will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-267798