Electronic cash system for an electronic wallet

Details Electronic cash system for an electronic wallet Electronic cash system for an electronic wallet

2005-11-01

2005-11-01

Paik, Steven S. (Department: 2876)

Registers

Records

Conductive

C235S487000, C235S383000, C235S380000, C235S381000

Reexamination Certificate

active

06959873

ABSTRACT:
Electronic purse payment system in the form of a smart card in which payment of a purchase in a shop is performed by a payment terminal (20), by deducting the purchase amount from the amount in purse memory, the payment terminal being connected to a bank system including an authorization center (22), an acquisition system (24) for collecting all transactions made using the payment terminal and a centralized compensation system (26). The system includes an electronic till (14) located where the transaction occurs including at least a reading/writing device (40), a microprocessor (36), a memory (38) and a security application module (42) for giving authorization to perform the transaction, the purse memory being increased equal to the purchase amount when the purse memory is read by the reading/writing device so that management of a transaction made at the shop is achieved at the transaction location.

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patent: 0 421 808 (1991-04-01), None
patent: 0 797 174 (1997-09-01), None
patent: WO 00/62261 (2000-10-01), None

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