Money transaction system

Details Money transaction system Money transaction system

1978-04-28

1980-04-15

Kilgore, Robert M.

Registers

Systems controlled by data bearing records

Banking systems

340149A, G06F 1530, H04Q 348

Patent

active

041979869

ABSTRACT:
A transaction system comprising a card having a card balance recorded therein, at least one terminal transaction processor operable on the basis of on-line and off-line computer schemes, and a center operatively associated with the terminal transaction processor and having a file for recording thereon data corresponding to the card balance recorded on the card. Not only when the terminal processor is operating on the basis of the on-line computer scheme, but also when the terminal processor is operating on the basis of the off-line computer scheme, withdrawal or deposit of money can be effected within the framework of a maximum purchase amount. Each time such transaction has been made, the card balance is updated to read a new card balance.

REFERENCES:
patent: 3891830 (1975-06-01), Goldman
patent: 3949364 (1976-04-01), Clark
patent: 3982103 (1976-09-01), Goldman
patent: 4004134 (1977-01-01), Hwang
patent: 4114027 (1978-09-01), Slater

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