System for conducting transactions with a multifunctional card h

Details System for conducting transactions with a multifunctional card h System for conducting transactions with a multifunctional card h

1994-09-30

1996-07-09

Pitts, Harold

Registers

Systems controlled by data bearing records

Credit or identification card systems

235379, G06K 500

Patent

active

055346839

ABSTRACT:
In a system for conducting transactions with a multifunctional card having an integrated circuit, the circuit contains a bank application associated with the user's account-keeping bank and at least one purse application associated with a services supplier or manufacturer. With the aid of an apparatus communicating with the card, the card user can load a selectable sum of money into the purse application. The purse supplier is provided with a transaction certificate about the sum loaded in the purse and to be credited to the purse supplier's account, without a need for storing the secret data necessary for preparing this certificate in the purse application or in the purse terminal.

REFERENCES:
patent: 4877950 (1989-10-01), Halpern
patent: 4992646 (1991-02-01), Collin
patent: 5030806 (1991-07-01), Collin
patent: 5128997 (1992-07-01), Pailles
patent: 5231666 (1993-07-01), Matyas

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