Multiple magnetic stripe transaction cards and systems for the u

Details Multiple magnetic stripe transaction cards and systems for the u Multiple magnetic stripe transaction cards and systems for the u

1998-05-20

2000-10-31

Frech, Karl D.

Registers

Records

235449, G06K 1900

Patent

active

06138917&

ABSTRACT:
A transaction card includes at least two read-only magnetically encoded stripes encoding different data in accordance with standard data encryption protocols readable by conventional transaction card reading systems. The stripes are associated with areas of the card which may have different indicia, such as, for example, being different colors or different textures. In accordance with one embodiment, superimposed upon the card may be two sets of printed indicia including, for example, the transaction card number, the expiration date and the name of the card user. One set of the printed indicia is inverted with respect to the other set so as to indicate to the user which one of the magnetic stripes is being processed. In this way, magnetically encoded information on the same transaction card may be segregated at the point of sale. The transaction card is readable by standard, existing readers and the information is processed for invoicing by standard processing systems to preferably generate a single statement with two groups of charges, one relating to each magnetically encoded stripe.

REFERENCES:
patent: 4262589 (1981-04-01), Gebhardt
patent: 4507550 (1985-03-01), Fleer
patent: 4609812 (1986-09-01), Drexler
patent: 4806740 (1989-02-01), Gold et al.
patent: 5326964 (1994-07-01), Risser
patent: 5506395 (1996-04-01), Eppley
patent: 5883377 (1999-03-01), Chapin, Jr.

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