Registers – Calculators – Input-output calculator to indicator – printer – etc.
Patent
1975-12-04
1977-01-04
Cook, Daryl W.
Registers
Calculators
Input-output calculator to indicator, printer, etc.
235 6112N, 340174M, G06K 500, G06K 1906, G11C 1102
Patent
active
040015505
ABSTRACT:
A universal funds transfer and identification card for use with electronic terminals, such card including a random access memory for storing up to date account information sufficient to allow the completion of at least certain transactions without the intervention of a remote computer. The card includes a plurality of storage fields, selectively addressable for storing changeable information including account balance, total amount of transactions since last update of balance, and date of last update. The information necessary for authorizing and completing a transaction is addressed by a universal terminal for transfer to the terminal from the card. The terminal is adapted to determine the credit status of the account from the information contained on the card, perform the transaction if allowed, and update the information on the card so that the card is, itself, a record of the type and status of the account.
REFERENCES:
patent: 3142823 (1964-07-01), Lewin et al.
patent: 3559175 (1971-01-01), Pomeroy
patent: 3637994 (1972-01-01), Ellingboe
patent: 3868057 (1975-02-01), Chavez
patent: 3876865 (1975-04-01), Bliss
patent: 3934122 (1976-01-01), Riccitelli
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