Patent US5705798A successfully refreshed from Google Patents.
US5705798A
Expired / Lapsed
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System and method for processing a customized financial transaction card
Assignee: Mastercard International Inc
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Filing: 1994-12-16
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Granted: 1998-01-06
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Expires: 2014-12-16
Abstract
Abstract The present invention provides for a system and method of performing financial transactions which include a financial card that stores pre-selected transaction instructions corresponding to one or more financial transactions, such as cash withdrawal, or bill payment, or the like. These cards are used with one or more terminals which read the instructions on the card, interpret those instructions and execute the interpreted instructions to conduct one or more of said financial transactions. Preferably, the terminal--after determining from the instructions on the card what functions, i.e., financial transactions, are available to the card user--displays those options. The user then selects one of the financial transactions; the terminal based on the selection and the instructions corresponding to the selected function, executes the transaction.
Inventors
- 👤 Andrew W. Tarbox
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-01 23:14
CPC Classifications
G; G07; G07F; G07F7/00; G07F7/08; G07F7/10; G07F7/1008; G06; G06Q; G06Q20/00; G06Q20/08; G06Q20/20; G06Q20/204; G06Q20/30; G06Q20/34; G06Q20/341; G06Q20/346; G06Q20/355; G06Q20/3552; G06Q20/357; G06Q20/3576; G07F19/00; G07F19/20; G07F19/201
Claims Analysis
Total Claims: 25
Claim 1
Independent Claim
92 words
A method of conducting financial transactions with a financial card which includes a memory, comprising the steps of: selecting at least one program function represented by program instructions; selecting personalized data in response to said at least one selected function; storing said selected program instructions and said data in said memory of said card; transferring at least one of said program instructions to a terminal for processing; interpreting said transferred program instructions in said terminal to produce executable code; and executing said executable code which accesses said personalized data during said execution.
Claim 2
Independent Claim
92 words
A method of conducting financial transactions with a financial card which includes a memory, comprising the steps of: selecting at least one program function represented by program instructions; selecting personalized data in response to said at least one selected function; storing said selected program instructions and said data in said memory of said card; transferring at least one of said program instructions to a terminal for processing; interpreting said transferred program instructions in said terminal to produce executable code; and executing said executable code which accesses said personalized data during said execution.
Claim 3
Dependent Claim
18 words
The method of claim 1, wherein each of said program instructions in said memory can be individually modified.
Claim 4
Independent Claim
21 words
The method of claim l, further including the step of modifying at least one said program instruction stored in said memory.
Claim 5
Dependent Claim
20 words
The method of claim 1, wherein said interpreting and executing steps are performable in each of a plurality of terminals.
Claim 6
Dependent Claim
23 words
The method of claim 1, further including the step of displaying representations of said at least one selected function on said terminal's display.
Claim 7
Dependent Claim
34 words
The method of claim 5, further including the step of selecting during a transaction at least one of said displayed representations and wherein said transferred program instructions are representative of said selected displayed representations.
Claim 8
Independent Claim
88 words
A method for customizing a financial transaction of a financial card user, wherein said card comprises a memory, comprising: obtaining information regarding said card user; selecting transaction functions responsive to said information; storing program instructions implementing said selected functions in said memory of said card; and storing personalized data responsive to said information in said memory of said card; wherein said provided program instructions are transferred to a terminal, interpreted and executed to complete a transaction implementing at least one of said selected functions accessing said personalized data.
Claim 9
Independent Claim
88 words
A method for customizing a financial transaction of a financial card user, wherein said card comprises a memory, comprising: obtaining information regarding said card user; selecting transaction functions responsive to said information; storing program instructions implementing said selected functions in said memory of said card; and storing personalized data responsive to said information in said memory of said card; wherein said provided program instructions are transferred to a terminal, interpreted and executed to complete a transaction implementing at least one of said selected functions accessing said personalized data.
Claim 10
Dependent Claim
20 words
The method of claim 7, further including the step of modifying at least one program instruction stored in said memory.
Claim 11
Dependent Claim
17 words
The method of claim 7, further including the step of modifying said data stored in said memory.
Claim 12
Dependent Claim
23 words
The method of claim 7, further including the step of displaying representations of said selected functions on said terminal's display during a transaction.
Claim 13
Dependent Claim
19 words
The method of claim 10, wherein said displaying step displays representations of only said selected functions during said transaction.
Claim 14
Dependent Claim
31 words
The method of claim 10, further including the step of selecting at least one of said displayed representations and wherein said transferred program instructions are responsive to said selected displayed representations.
Claim 15
Dependent Claim
18 words
The method of claim 7, wherein said personalized data is transferred to said terminal with said program instructions.
Claim 16
Dependent Claim
79 words
A financial card system for conducting financial transactions comprising: at least one financial card customized to a card user by storing selected program instructions indicative of at least one selected function and storing data selected in response to said selected functions; and at least one terminal for receiving said selected program instructions and said selected data and producing a display customized to said card user comprising representation of said selected functions responsive to said received program instructions and data.
Claim 17
Dependent Claim
79 words
A financial card system for conducting financial transactions comprising: at least one financial card customized to a card user by storing selected program instructions indicative of at least one selected function and storing data selected in response to said selected functions; and at least one terminal for receiving said selected program instructions and said selected data and producing a display customized to said card user comprising representation of said selected functions responsive to said received program instructions and data.
Claim 18
Dependent Claim
27 words
The financial card system of claim 14, wherein said at least one terminal interprets said selected program instructions to produce executable code which generates said customized display.
Claim 19
Dependent Claim
21 words
The financial card system of claim 15, wherein said at least one terminal executes said executable code and performs said transactions.
Claim 20
Dependent Claim
38 words
The financial card system of claim 14, wherein said at least one terminal further includes means for selecting at least one of said functions during a transaction, wherein said function performed is said function selected during the transaction.
Claim 21
Dependent Claim
19 words
The financial card system of claim 14, wherein said selected data is selected by a user of said card.
Claim 22
Dependent Claim
19 words
The financial card system of claim. 14, wherein said selected data is selected by an issuer of said card.
Claim 23
Dependent Claim
28 words
The financial card system of claim 14, wherein said at least one terminal further includes storage means for temporarily storing one or more of said selected program instructions.
Claim 24
Dependent Claim
22 words
The financial card system of claim 14, wherein said system further comprises means for modifying said program instructions on said financial card.
Claim 25
Dependent Claim
21 words
The financial card system of claim 14, wherein said system further comprises means for modifying said data on said financial 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) | 2001-01-05 | 2001-07-07 | 2002-01-06 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2005-01-05 | 2005-07-07 | 2006-01-06 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2009-01-05 | 2009-07-07 | 2010-01-06 | $7700.00 | Window Closed / Lapsed |