Financial transmission system
US5351296A · kind A · utility
Assignee
Inventor
Key dates
| Filing date | Mar 29, 1993 |
| Grant date | Sep 27, 1994 |
| Priority date | — |
| Expiry date | Mar 29, 2013 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/4012
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and device for determining and securely transmitting an account code of a financial card over a communications link in a communications network to a remote location which also allows a telephone to be used concurrently to perform voice communications over the same communications link with the remote location. The device generally comprises a control circuit for controlling the operation of the device, a transmitter for transmitting data to the remote location, a receiver for receiving information from the remote location, and a power supply for supplying power to the device. The device also comprises a reader circuit for determining the account code of the financial card. In the preferred embodiment, the device also comprises an entering circuit, such as a keypad, for entering a secret PIN code portion of the account code. Also, a method is disclosed for securely transmitting the secret PIN code portion and/or a detectable code portion of the account code over the communications circuit, preferably by a unique encryption process. Moreover, in the preferred embodiment, the power supply connects to the telephone line and supplies power to the device solely by the power recei…
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.