System for remote purchase payment transactions and remote bill

Details System for remote purchase payment transactions and remote bill System for remote purchase payment transactions and remote bill

1992-05-26

1994-08-09

Pitts, Harold

Registers

Systems controlled by data bearing records

Banking systems

235380, 902 24, G06F 1530

Patent

active

053368703

ABSTRACT:
It is the object of this invention to provide a terminal and system to allow debit and credit card holders the ability to conveniently perform various transactions from their home or office. The terminal is a single device, which has an alphabetic QWERTY keyboard, a numeric touch tone type keypad, miscellaneous other keys, a magnetic card reader, a display, a printer, a modem, and a serial port. The terminal firmware supports various financial transactions including: purchase payment, bill payment, and settlement review. The terminal supports initialization, encryption, transaction generation, transaction transmission and data reception from a host system and receipt printing. A local data base including a transaction log and a profile list are maintained in the terminal memory. The transaction log stores purchase payment information and is stored as a stack and the profile list has entries for each specific bill pay account.

REFERENCES:
patent: 4053735 (1977-10-01), Foudos
patent: 4341951 (1982-07-01), Benton
patent: 4454414 (1984-06-01), Benton
patent: 4536647 (1985-08-01), Atalla
patent: 4575621 (1986-03-01), Dreifus
patent: 4652698 (1987-03-01), Hale
patent: 4678895 (1987-07-01), Tateisi
patent: 4689478 (1987-08-01), Hale
patent: 4815031 (1989-03-01), Furukawa
patent: 4839504 (1989-06-01), Nakano
patent: 5050207 (1991-09-01), Hitchcock

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