Commercial transaction system

Registers – Systems controlled by data bearing records – Credit or identification card systems

Patent

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

235379, 380 25, 902 4, G06K 500

Patent

active

056612842

ABSTRACT:
A commercial transaction system (2) uses a multi-purposed credit/debit/identification card (8) having a randomly generated graphic card holder figurecode (10) uniquely corresponding to, but having no discernable relationship to, the card holder. The figurecode is visually discernable or it can be encoded by digital or analog means using magnetic, optical or magnetoptical media. A computer system (4) stores the graphic figurecode along with identification information of the card holder. A reader (14) is used to access the graphic figurecode for comparison with the stored electronic version in the computer system. An information terminal (18) is adapted to receive information from and, preferably, transmit information to, the computer system. Another aspect of the invention relates to using graphic product I.D. figurecodes (40) located in and/or around the product trademark instead of or in addition to barcodes to identify a chosen product (36), especially in conjunction with graphic trigger figurecodes (42) which prompt the collection and storage of point-of-sale information regarding the product.

REFERENCES:
patent: 4682794 (1987-07-01), Margolin
patent: 4802218 (1989-01-01), Wright et al.
patent: 4838792 (1989-06-01), Hoyeck
patent: 4972476 (1990-11-01), Nathans
patent: 5056141 (1991-10-01), Dyke
patent: 5159635 (1992-10-01), Wang
patent: 5178418 (1993-01-01), Merry et al.
patent: 5243655 (1993-09-01), Wang
patent: 5313564 (1994-05-01), Kafri et al.
patent: 5337358 (1994-08-01), Axelrod et al.
patent: 5337361 (1994-08-01), Wang et al.
patent: 5450491 (1995-09-01), McNair
Mark Maremont, "A Magnetic Mug Shot on your Credit Card?" excerpt from article in Business Week, Apr. 24, 1995.
Valerie Block, "Kodak System Compresses Photo To A Security Code for Card Stripe", American Banker, Mar. 31, 1995.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Commercial transaction system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Commercial transaction system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Commercial transaction system will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-1989896

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.