Smart card transaction system and encoder-dispenser

Details Smart card transaction system and encoder-dispenser Smart card transaction system and encoder-dispenser

1998-06-22

2000-10-10

Frech, Karl D.

Registers

Systems controlled by data bearing records

Credit or identification card systems

235380, 235492, 235488, 902 26, 902 27, G06F 708

Patent

active

061292753

ABSTRACT:
The disclosed apparatus is a stand alone integrated smart card circuit chip card vending machine. It accepts bills in $1, $5, $10, $20 and $50 denominations and/or credit cards and issues stored value smart cards for the value requested. It can also telephone a center to validate credit card transactions or send diagnostic and statistical reports. This invention has the capability to read and write to a card while it is in the dispenser stack, therefore the card has no value while in the dispenser and is not released until payment is received, that is, the cards are encoded in real time before they are issued.

REFERENCES:
patent: 4701600 (1987-10-01), Beech et al.
patent: 4825054 (1989-04-01), Rust et al.
patent: 4851651 (1989-07-01), Gaucher
patent: 4900906 (1990-02-01), Pusic
patent: 4965437 (1990-10-01), Nagai
patent: 5278395 (1994-01-01), Benezet
patent: 5564857 (1996-10-01), Schluter
patent: 5687087 (1997-11-01), Taggart
patent: 5753897 (1998-05-01), Kasper
patent: 5949046 (1999-09-01), Kenneth et al.

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