Speedup for monetary transactions using a transponder in conjunction with a smartcard

US5602919A · kind A · utility

Assignee

• TEXAS INSTRUMENTS INCORPORATED · US

Inventors

• Dwaine S. Hurta · Garland, US
• Anne Tip · Hengelo, NL
• Peter Wolfart · Neu-Anspach, DE

Key dates

• Filing date: Aug 18, 1995
• Grant date: Feb 11, 1997
• Expiry date: Aug 18, 2015

Classification

• Technology area (CPC G): Physics
• CPC primary: G07B15/063
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

This invention allows a user to have a smartcard (66) and a smartcard-based transponder (14). This smartcard-based transponder (14) can accept money from the smartcard (14). The amount transferred from the smartcard (66) can be stored in the transponder memory (80,82). At a toll plaza (29), a toll amount can be subtracted within a short period of time, so that a vehicle (26) bearing the transponder (14) will not pass through the zone in which the transponder (14) and the interrogator (12) may perform RF communications before an appropriate toll amount can be decremented from the amount stored within the transponder (14).