Registers – Systems controlled by data bearing records – Credit or identification card systems
Patent
1993-10-25
1995-12-19
Hajec, Donald
Registers
Systems controlled by data bearing records
Credit or identification card systems
235379, 902 4, 902 5, G06K 500
Patent
active
054770386
ABSTRACT:
A process which provides electronic access to pre-paid funds for cash or payment for goods and services. A card is issued to a customer with a value selectable by the customer. The card has a magnetic stripe with an encoded card number including a bank identification number (BIN) and an account number. The central card processor establishes a zero balance database including the card numbers, but with blank fields for the customer data and the value of the account. When a customer purchases a card, the sales agent transmits to the central database computer which fills in the blanks in the database, activating the account, and transmits an acknowledgement signal back to the sales agent. The customer can immediately use the card in ATM or other remote terminals to acquire cash or purchase goods and services. The customer inputs a PIN number which is provided with the card, or a customer selected alternative PIN number.
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Brandt Priscilla C.
Clark Helen
Jackson Nydia
Johnson David L.
Levine Jack
Hajec Donald
Lee Michael G.
Visa International
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