Cash replacement system and components

Details Cash replacement system and components Cash replacement system and components

1979-08-17

1981-06-02

Cook, Daryl W.

Registers

Systems controlled by data bearing records

235449, 235488, 235493, 360 2, G06K 708, G06K 1906

Patent

active

042713510

ABSTRACT:
A cash replacement system using consumable transaction cards, each card comprising a body portion bearing multi-digit magnetically recorded validation and identification codes and a transaction portion divided into a plurality of transaction segments bearing the identification code and a denomination code, both magnetically recorded. A card reader senses the validation code and severs one transaction segment from the card for each transaction after checking the denomination and assuring presence of the required segment. Printed indicia on each card enable the user to determine the number and denomination of possible remaining transactions.

REFERENCES:
patent: 3531627 (1970-09-01), Ham
patent: 3754119 (1973-08-01), Scott et al.
patent: 3895220 (1975-07-01), Nelson et al.
patent: 3935933 (1976-02-01), Tanaka et al.
patent: 4020325 (1977-04-01), Pfost et al.

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