Account transaction system

Details Account transaction system Account transaction system

1990-06-12

1993-07-27

Envall, Jr., Roy N.

Boots, shoes, and leggings

235381, 235379, G06K 500, G06F 1521

Patent

active

052315690

ABSTRACT:
A system for performing transaction from an account such as a checking account which adds a measure of assurance of payment to the account issuer is provided. The system includes a remote transaction terminal located at the point of the transaction. The terminal reads data on a card which identifies the card holder. The amount and type of the transaction are inputted into the transaction terminal. A transaction processor is provided which accesses two negative data files. One of the negative data files is compiled by the account issuer and the other of the negative data files is compiled by a number of account issuers such as by a number of different merchants. The data identifying the card holder is compared to the data in both of the negative files and an authorization or denial signal is generated in response to the comparison.

REFERENCES:
patent: 4491725 (1985-01-01), Pritchard
patent: 4727243 (1988-02-01), Saver
patent: 4734564 (1988-03-01), Boston et al.
patent: 4812628 (1987-03-01), Boston et al.
patent: 4822985 (1989-04-01), Boggan et al.
patent: 4858121 (1989-08-01), Barber et al.
patent: 4868900 (1989-09-01), McGuire
patent: 4870259 (1989-09-01), Boggan et al.
patent: 4891503 (1990-02-01), Jewel
patent: 4908521 (1990-03-01), Boggan et al.
patent: 4943707 (1990-07-01), Boggan
patent: 4975840 (1990-12-01), DeTore et al.
patent: 5025138 (1991-06-01), Cuervo
patent: 5070452 (1991-12-01), Doyle, Jr. et al.

Affiliated with

Also associated with

Rating

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

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-2346535