Smart card issuing and receiving apparatus

Details Smart card issuing and receiving apparatus Smart card issuing and receiving apparatus

1989-02-27

1990-11-06

Levy, Stuart S.

Registers

Systems controlled by data bearing records

Credit or identification card systems

235379, 235375, 235492, 902 26, 902 11, G06F 1521, G06K 1907

Patent

active

049688731

ABSTRACT:
An apparatus for issuing a transaction card comprises a value receiving mechanism in the form of a card reader or a bank note acceptor or both. The apparatus includes a memory for storing the exchange rate for a plurality of currencies as compared to a local visitor's voucher which can be issued by the apparatus. A mechanism is also provided for storing a maximum transaction limit corresponding to a selected number of visitor's vouchers, which in turn corresponds to value of currency received. The transaction card is advantageously a smart card or chip card, which carries a program mechanism and central processing unit for manipulating the values which can be stored in the card.

REFERENCES:
patent: 3501622 (1970-03-01), Weir et al.
patent: 3984660 (1976-10-01), Oka et al.
patent: 4251867 (1981-02-01), Uchida et al.
patent: 4614861 (1986-09-01), Pavlov et al.
patent: 4620727 (1986-11-01), Stockburger et al.
patent: 4766293 (1988-08-01), Boston

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