Patent EP0421808A2 successfully refreshed from Google Patents.
EP0421808A2
Expired / Lapsed
EP
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Funds transfer system
Assignee: NET1 HOLDINGS Sarl
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Filing: 1990-10-05
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Granted: —
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Expires: 2010-10-05
Abstract
Abstract The present invention relates to a method of transferring funds characterized in that it includes the steps of linking a first portable data storage and processing device to a first financial institution; debiting an account held at the financial institution and recording a corresponding credit value in the first portable data storage and processing device; linking the first portable data storage device to a second, similar device; reducing the credit value in the first device and recording a corresponding credit value in the second device; linking the second portable data storage and processing device to a second financial institution; reducing the credit value in the second device; and recording a corresponding credit value in an account held at the second financial institution.
Inventors
- 👤 André Peter Mansvelt
- 👤 Serge Christian Pierre Belamant
Bibliographic Details
Application Number
—
Jurisdiction
EP
Data Source
google_patents
Last Synchronized
2026-10-26 23:33
CPC Classifications
G; G07; G07F; G07F7/00; G07F7/08; G07F7/10; G07F7/1008; G06; G06Q; G06Q20/00; G06Q20/04; G06Q20/06; G06Q20/08; G06Q20/10; G06Q20/22; G06Q20/223; G06Q20/26; G06Q20/30; G06Q20/32; G06Q20/322; G06Q20/3223; G06Q20/34; G06Q20/341; G06Q20/38; G06Q20/40; G06Q20/409; G06Q20/4097; G06Q40/00; G06Q40/02
Claims Analysis
Total Claims: 16
Claim 1
Independent Claim
117 words
A method of transferring funds characterised in that it includes the steps of linking a first portable data storage and processing device to a first financial institution; debiting an account held at the financial institution and recording a corresponding credit value in the first portable data storage and processing device; linking the first portable data storage device to a second, similar device; reducing the credit value in the first device and recording a corresponding credit value in the second device; linking the second portable data storage and processing device to a second financial institution; reducing the credit value in the second device; and recording a corresponding credit value in an account held at the second financial institution.
Claim 2
Independent Claim
117 words
A method of transferring funds characterised in that it includes the steps of linking a first portable data storage and processing device to a first financial institution; debiting an account held at the financial institution and recording a corresponding credit value in the first portable data storage and processing device; linking the first portable data storage device to a second, similar device; reducing the credit value in the first device and recording a corresponding credit value in the second device; linking the second portable data storage and processing device to a second financial institution; reducing the credit value in the second device; and recording a corresponding credit value in an account held at the second financial institution.
Claim 3
Dependent Claim
37 words
A method according to claim 1 characterised in that the first and second devices each store at least a portion of a program which is run in a synchronised interactive manner between the first and second devices.
Claim 4
Dependent Claim
46 words
A method according to claim 2 characterised in that a terminal means is provided which receives the first and second devices and permits data transfer therebetween, the terminal means operating under the control of a stored program to facilitate interaction of the first and second devices.
Claim 5
Independent Claim
32 words
A method according to any one of claims 1 to 3 characterised in that the first and second financial institutions are one and the same bank, building society or another similar institution.
Claim 6
Independent Claim
30 words
A method according to any one of claims 1 to 3 characterised in that the first and second financial institutions are different banks, building societies or other similar financial institutions.
Claim 7
Independent Claim
46 words
A method according to any one of claims 1 to 5 characterised in that the first and second portable data storage and processing devices are "smart cards" comprising electronic data storage and processing circuitry on a credit card-like substrate, operating under the control of stored software.
Claim 8
Independent Claim
71 words
A method according to any one of claims 1 to 6 characterised in that the first device is allocated to an individual registered at the first financial institution, while the second device is allocated to a retailer or other commercial entity, the magnitude of the reduction in the credit value stored in the first device corresponding to the value of a transaction between the individual and the retailer or commercial entity.
Claim 9
Independent Claim
51 words
A method according to any one of claims 1 to 7 characterised in that the second device totals the credit values recorded therein, so that the credit value recorded at the second financial institution corresponds to the total of all credit values recorded in the second device in a predetermined period.
Claim 10
Independent Claim
128 words
A system for transferring funds characterised in that it includes first and second portable data storage and processing devices; first terminal means for linking the first device to a first financial institution; second terminal means for linking the second device to a second financial institution; and third terminal means adapted to receive the first and second devices and to permit data transfer between them, so that a credit value stored in the first device which corresponds to a debit from an account held at the first financial institution can be reduced by a desired amount and a corresponding credit value can be recorded in the second device, the second device being adapted to transfer the credit value stored therein to an account held at the second financial institution.
Claim 11
Independent Claim
128 words
A system for transferring funds characterised in that it includes first and second portable data storage and processing devices; first terminal means for linking the first device to a first financial institution; second terminal means for linking the second device to a second financial institution; and third terminal means adapted to receive the first and second devices and to permit data transfer between them, so that a credit value stored in the first device which corresponds to a debit from an account held at the first financial institution can be reduced by a desired amount and a corresponding credit value can be recorded in the second device, the second device being adapted to transfer the credit value stored therein to an account held at the second financial institution.
Claim 12
Dependent Claim
37 words
A system according to claim 9 characterised in that the first and second devices each store at least a portion of a program which is run in a synchronised, interactive manner between the first and second devices.
Claim 13
Dependent Claim
44 words
A system according to claim 9 or claim 10 characterised in that the first and second portable data storage and processing devices are "smart cards" comprising electronic data storage and processing circuitry on a credit card-like substrate, operating under the control of stored software.
Claim 14
Dependent Claim
32 words
A system according to claim 11 characterised in that the first and second terminal means are adapted to link the respective smart cards to the respective financial institutions via a data network.
Claim 15
Dependent Claim
33 words
A system according to claim 11 or claim 12 characterised in that the third terminal means is a card reader device adapted to receive both smart cards and to allow data transfer therebetween.
Claim 16
Dependent Claim
32 words
A system according to claim 13 characterised in that the card reader device operates under the control of a stored program which facilitates the interaction of the first and second smart cards.
References Cited (Backward Citations)
No citation records indexed.
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