US4707592A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Personal universal identity card system for failsafe interactive financial transactions
Assignee: Financial Systems Innovation LLC
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Filing: 1985-10-07
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Granted: 1987-11-17
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Expires: 2005-10-07
Abstract
Abstract A financial card transaction system for protecting the financial transactions against fraud, by reducing the dissemination of the cardholder's account code and the transaction data. The system includes a plurality of retail sales, each having a card reader that is connected by data channels to a transaction center with a computer that includes cardholder's records and a transaction number generator. The transaction number uniquely identifies each transaction undertaken within a given time frame and is the only number printed out on a transaction ticket at the retail site, while transaction data, such as cost, type of merchandise, cardholder's account number, etc. are not printed out at the retail site, but only at the transaction center where it is included in the monthly or quarterly statement printed by the computer and sent to both cardholder and retail site. Encryption may be included in order to prevent the unauthorized monitoring of the data flow. A telephone interface may be provided at the retail site so that a cardholder may call and send his account number and personal identity number from a push button telephone.
Inventors
- 👤 Paul N. Ware
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-01 07:02
CPC Classifications
G; G07; G07F; G07F7/00; G07F7/08; G06; G06Q; G06Q20/00; G06Q20/38; G06Q20/382; G06Q20/40; G06Q20/403; G06Q20/4037; G07F7/10; G07F7/1016
Claims Analysis
Total Claims: 27
Claim 1
Independent Claim
176 words
A financial and identification card transaction system for protecting transactions between a plurality of cardholders, each having a card, with a machine-readable code imprinted thereon and a card-issuing organization via at least one transaction site connected by a data channel with a remote transaction center, the system which comprises: a card reader disposed at the transaction site for reading the machine-readable code imprinted on the card, the machine readable code including a cardholder code that is unique to each cardholder; a transaction number that uniquely identifies each transaction; a transaction number store included with the card reader for receiving and storing the transaction number from the transaction center; a transaction data input device connected to the card reader for receiving transaction data; a printer connected to the card reader for printing a transaction ticket which includes the transaction number; a center computer disposed at the transaction center having memory for storing transaction data received from the card reader via the data channel; a transaction number generator included with the center computer for generating the transaction number.
Claim 2
Dependent Claim
176 words
A financial and identification card transaction system for protecting transactions between a plurality of cardholders, each having a card, with a machine-readable code imprinted thereon and a card-issuing organization via at least one transaction site connected by a data channel with a remote transaction center, the system which comprises: a card reader disposed at the transaction site for reading the machine-readable code imprinted on the card, the machine readable code including a cardholder code that is unique to each cardholder; a transaction number that uniquely identifies each transaction; a transaction number store included with the card reader for receiving and storing the transaction number from the transaction center; a transaction data input device connected to the card reader for receiving transaction data; a printer connected to the card reader for printing a transaction ticket which includes the transaction number; a center computer disposed at the transaction center having memory for storing transaction data received from the card reader via the data channel; a transaction number generator included with the center computer for generating the transaction number.
Claim 3
Dependent Claim
33 words
A card transaction system according to claim 1 wherein said card reader further comprises a keyboard for receiving a personal identification number (PIN) that combined with the machine-readable code, uniquely identifies each card-holder.
Claim 4
Dependent Claim
24 words
A card transaction system according to claim 1 wherein said transaction ticket has a number printed thereon which consists essentially of the transaction number.
Claim 5
Dependent Claim
23 words
A card transaction system according to claim 3 wherein said number printed on the transaction ticket further comprises the date of the transaction.
Claim 6
Dependent Claim
37 words
A card transaction system according to claim 4 wherein said transaction ticket comprises two copies, of which one is given to the cardholder as a record of the transaction, and one is filed at the transaction site.
Claim 7
Dependent Claim
26 words
A card transaction system according to claim 5 which further comprises: a microcomputer having a memory for storing a control program for controlling the card reader.
Claim 8
Dependent Claim
29 words
A transaction system according to claim 6 further comprising a modem for receiving and transmitting data transmitted on said data channel between said card reader and said transaction center.
Claim 9
Dependent Claim
64 words
A card transaction system according to claim 7 further comprising an encrypter connected to the card reader for encrypting data transmitted form the card reader to the transaction center and for deciphering data received from the transaction center; and an encryption algorithm stored in said center computer for deciphering data received from said card reader and for encrypting data transmitted to said card reader.
Claim 10
Dependent Claim
22 words
A card transaction system according to claim 8 comprising a code key, which includes a plug-in read-only memory inserted into said encrypter.
Claim 11
Dependent Claim
38 words
A card transaction system according to claim 1 further comprising a telephone interface connected to an incoming telephone line for receiving the personal identification number and the cardholder code from a remote telephone disposed at a remote location.
Claim 12
Dependent Claim
59 words
A card transaction system according to claim 1 wherein said transaction center comprises a transaction center interface connected to said center computer and a modem disposed in the connection between the transaction center interface and the data channel, the transaction center interface operating to convert digital parallel data in the computer to serial digital data in the data channel.
Claim 13
Dependent Claim
43 words
A card transaction system according to claim 1 further comprising: a center computer memory; a control program included in the center computer memory for controlling the transaction center interface; a cardholder file memory included in the center computer memory for containing cardholder records.
Claim 14
Dependent Claim
36 words
A card transaction system according to claim 12 comprising at least one further data channel for data communication between the transaction center and at least one participating card-issuers data files for interchanging of cardholder related data.
Claim 15
Dependent Claim
51 words
A card transaction system according to claim 13 comprising at least one center printer for printing a complete transaction record for each transaction, the transaction record which includes all transaction data, the transaction number and the cardholders code, the transaction record for transmittal to the cardholder and to the retail site.
Claim 16
Dependent Claim
37 words
A card transaction system according to claim 14 comprising a computer terminal connected to said center computer, the terminal which includes a display and a keyboard for interactively communicating with the cardholder's records and the encryption algorithm.
Claim 17
Dependent Claim
19 words
A card transaction system according to claim 1 wherein said data channel may be a fixed dedicated data channel.
Claim 18
Dependent Claim
18 words
A card transaction system according to claim 1 wherein said data channel may be a switched data channel.
Claim 19
Dependent Claim
18 words
A card transaction system according to claim 1 wherein said data channel may be a digital data channel.
Claim 20
Dependent Claim
27 words
A card transaction system according to claim 1 further comprising a stand-by power supply connected to the card reader for supplying stand-by power during main power failure.
Claim 21
Dependent Claim
27 words
A card transaction system according to claim 1 further comprising a stand-by power supply connected to the transaction center for supplying stand-by power during main power failure.
Claim 22
Dependent Claim
21 words
A card transaction system according to claim 1 further comprising medical data for the card holder, included in the machine-readable card.
Claim 23
Dependent Claim
26 words
A card transaction system according to claim 1 further comprising data links from the transaction center to associate card-issuer's data centers for further verification of data.
Claim 24
Dependent Claim
17 words
A card transaction system according to claim 1 further comprising personal identifying data related to the cardholder.
Claim 25
Dependent Claim
16 words
A card transaction system according to claim 23 wherein said personal identifying data include finger prints.
Claim 26
Dependent Claim
17 words
A card transaction system according to claim 23 wherein said personal identifying data include facial image data.
Claim 27
Dependent Claim
17 words
A card transaction system according to claim 23 wherein said personal identifying data include voice print data.
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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) | 1990-11-16 | 1991-05-18 | 1991-11-17 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 1994-11-16 | 1995-05-18 | 1995-11-17 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 1998-11-16 | 1999-05-18 | 1999-11-17 | $7700.00 | Window Closed / Lapsed |