US3982103A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Credit verification system
Assignee: TELECREDIT Inc
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Filing: 1975-06-23
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Granted: 1976-09-21
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Expires: 1995-06-23
Abstract
Abstract A credit verification system is disclosed including remote terminals and a central unit, for use with identification cards carrying a changeable recording medium. On presentation, cards are sensed to provide signals indicative of identification with (1) an aggregate amount of all value transactions supported by the card during a period (month) and (2) an aggregate amount of all those value transactions occurring at "off-line" stations or terminals during the period. Each terminal senses signals indicative of amounts of values as a control, depending upon the current mode of operation for the terminal involved, e.g. "off-line" or "on-line." Approval is indicated in either state, providing the card is acceptable under established criteria for each state, e.g. that the imposed limits are not exceeded.
Inventors
- 👤 Robert N. Goldman
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-23 06:24
CPC Classifications
G; G07; G07F; G07F7/00; G07F7/08; G06; G06K; G06K7/00; G06K7/08; G06Q; G06Q20/00; G06Q20/38; G06Q20/40; G06Q20/403
Claims Analysis
Total Claims: 15
Claim 1
Independent Claim
167 words
A system for use with credit cards, or the like, which includes a changeable recording medium, to control uses in relation to transactions, comprising: a plurality of terminal sensing means for sensing said recording medium on said card to provide card identification signals, first card use signals, and second card use signals; a central station means coupled for communication with at least some of said terminal sensing means during on-line operation, said central station means for receiving signals from specific of said terminal means during said on-line operation to provide approval-related signals responsive to signals from said specific terminal means; and a plurality of card processor means coinciding in number to said terminal sensing means and coupled thereto for providing approval-related signals other than during on-line operation, and for recording fresh first card use signals on said card to reflect each card-supported transaction and for recording fresh second card use signals on said card to reflect transactions not communicated to said central station means prior to approval.
Claim 2
Independent Claim
167 words
A system for use with credit cards, or the like, which includes a changeable recording medium, to control uses in relation to transactions, comprising: a plurality of terminal sensing means for sensing said recording medium on said card to provide card identification signals, first card use signals, and second card use signals; a central station means coupled for communication with at least some of said terminal sensing means during on-line operation, said central station means for receiving signals from specific of said terminal means during said on-line operation to provide approval-related signals responsive to signals from said specific terminal means; and a plurality of card processor means coinciding in number to said terminal sensing means and coupled thereto for providing approval-related signals other than during on-line operation, and for recording fresh first card use signals on said card to reflect each card-supported transaction and for recording fresh second card use signals on said card to reflect transactions not communicated to said central station means prior to approval.
Claim 3
Dependent Claim
19 words
A system according to claim 1 wherein: said use signals are representative of monetary values related to time intervals.
Claim 4
Dependent Claim
25 words
A system according to claim 1 wherein: said card processor means further includes means for providing transaction signals indicative of specific monetary values for transactions.
Claim 5
Dependent Claim
48 words
A system according to claim 1 further including data storage means for registering a plurality of card identification signals and further including means for testing said identification signals from said recording means against said identification signals from said data storage means to inhibit said means for providing approval.
Claim 6
Dependent Claim
29 words
A system according to claim 1 wherein said central station means includes means for providing control signals to indicate an on-line state to certain of said card processor means.
Claim 7
Dependent Claim
31 words
A system according to claim 1 wherein said card processor means includes means to record fresh card use signals related to use of said card with respect to a time period.
Claim 8
Dependent Claim
22 words
A system according to claim 1 wherein said terminal sensing means comprise magnetic sensing means for sensing signals from a magnetic medium.
Claim 9
Dependent Claim
30 words
A system according to claim 1 wherein said card processor means includes means to clear data from said card in response to a clear signal from said central station means.
Claim 10
Dependent Claim
195 words
In a system for controlling the aggregate use of a credit card or the like which bears a recording medium, whereby the card is to have a use limit during any of a series of time periods and wherein said system includes sensing means for sensing signals from said recording medium, and means for recording signals on said recording medium, the improvement which comprises: time means for indicating one of said time periods for a card; means coupled to said sensing means for providing use-related signals and time-related signals indicative of a prior aggregate use of said card during a particular period of prior use of said card; means coupled to said time means, for processing said use-related signals and said time-related signals to provide approval signals upon a detection that the use of said card during said one of said time periods for said card is within said limited use; and means coupled to said means for recording, controlled by said means for processing, for providing signals to indicate a selected combination of said use limit with representations of the use of said card during said one of said time periods for said card.
Claim 11
Dependent Claim
195 words
In a system for controlling the aggregate use of a credit card or the like which bears a recording medium, whereby the card is to have a use limit during any of a series of time periods and wherein said system includes sensing means for sensing signals from said recording medium, and means for recording signals on said recording medium, the improvement which comprises: time means for indicating one of said time periods for a card; means coupled to said sensing means for providing use-related signals and time-related signals indicative of a prior aggregate use of said card during a particular period of prior use of said card; means coupled to said time means, for processing said use-related signals and said time-related signals to provide approval signals upon a detection that the use of said card during said one of said time periods for said card is within said limited use; and means coupled to said means for recording, controlled by said means for processing, for providing signals to indicate a selected combination of said use limit with representations of the use of said card during said one of said time periods for said card.
Claim 12
Dependent Claim
76 words
A system according to claim 9 further including: a central station means coupled for periodic communication with said means for processing, said central station means for independently controlling said means to provide approval signals; and second means coupled to said time means for separately processing certain of said use-related signals and certain of said time-related signals which involve uses of said card that are approved by said means for processing independently of said central station means.
Claim 13
Dependent Claim
31 words
A system according to claim 10 further including: means for sensing said card to provide card identification signals; and means for communicating said card identification signals to said central station means.
Claim 14
Independent Claim
326 words
A system for use with credit cards, or the like, which includes a changeable recording medium, said system to control uses of said cards upon presentation, in relation to aggregate transaction amounts during use times, comprising: means for providing first electrical signals representative of a presentation time of a card; means for providing second electrical signals representative of a use time recorded at said recording medium of one of said cards; means for providing third electrical signals representative of an amount limit for the use of said card during a use time; means for providing fourth electrical signals representative of an aggregate transaction amount recorded at said recording medium of said one card; means for providing fifth electrical signals representative of a present transaction amount; means for comparing said first and second signals to provide first and second control signals; means under control of said first control signal for comparing said third electrical signals with said fifth electrical signals to provide a first approval signal in the event of a favorable dissimilarity between amounts represented by said third electrical signals and said fifth electrical signals; means under control of said first approval signal for manifesting approval of said present transaction amount, and recording said fifth electrical signals as said aggregate transaction amount at said recording medium of said one card, and recording a fresh use time at said recording medium based on said presentation time of a card; means under control of said second control signal for comparing said third electrical signals with a combination of said fourth and fifth electrical signals to provide second approval signals in the event of a favorable dissimilarity between amounts represented by said third electrical signals and said combination of signals; and means under control of said second approval signals for manifesting approval of said present transaction amount, and recording combination of said fourth and fifth electrical signals as said aggregate transaction amount at said recording medium of said card.
Claim 15
Independent Claim
326 words
A system for use with credit cards, or the like, which includes a changeable recording medium, said system to control uses of said cards upon presentation, in relation to aggregate transaction amounts during use times, comprising: means for providing first electrical signals representative of a presentation time of a card; means for providing second electrical signals representative of a use time recorded at said recording medium of one of said cards; means for providing third electrical signals representative of an amount limit for the use of said card during a use time; means for providing fourth electrical signals representative of an aggregate transaction amount recorded at said recording medium of said one card; means for providing fifth electrical signals representative of a present transaction amount; means for comparing said first and second signals to provide first and second control signals; means under control of said first control signal for comparing said third electrical signals with said fifth electrical signals to provide a first approval signal in the event of a favorable dissimilarity between amounts represented by said third electrical signals and said fifth electrical signals; means under control of said first approval signal for manifesting approval of said present transaction amount, and recording said fifth electrical signals as said aggregate transaction amount at said recording medium of said one card, and recording a fresh use time at said recording medium based on said presentation time of a card; means under control of said second control signal for comparing said third electrical signals with a combination of said fourth and fifth electrical signals to provide second approval signals in the event of a favorable dissimilarity between amounts represented by said third electrical signals and said combination of signals; and means under control of said second approval signals for manifesting approval of said present transaction amount, and recording combination of said fourth and fifth electrical signals as said aggregate transaction amount at said recording medium of said card.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 1979-09-21 | 1980-03-22 | 1980-09-21 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 1983-09-21 | 1984-03-22 | 1984-09-21 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 1987-09-21 | 1988-03-22 | 1988-09-21 | $7700.00 | Window Closed / Lapsed |