System and method of transactional taxation using secure stored

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Including point of sale terminal or electronic cash register

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Other Related Categories

705 26, 705 27, 705 40, 705 42, 705 31, G06F 1900, G06F 1760, G06F 1502

Type

Patent

Status

active

Patent number

060788984

Description

ABSTRACT:
A system for transactional taxation includes a secure stored data device, such as a smart card, having means for storing purchaser-specific data, an interface device for communicating with the secure stored data device and means for determining a tax rate on a purchase using the purchaser-specific data.

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