Smart card system and method for transferring value
US5936221A · kind A · utility
Assignee
Inventors
Key dates
| Filing date | Oct 2, 1997 |
| Grant date | Aug 10, 1999 |
| Priority date | — |
| Expiry date | Oct 2, 2017 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/363
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A stored value system and method comprising a central server apparatus (10), one or more value added terminals (12), and one or more money-activated machines (14). The value added terminal (12) is designed to read smart cards (16) and to add cash value to the cards upon customer (18) input of an appropriate authorization code (22). The money-activated machine (14) is designed to read smart cards, and reprogram them by deducting a cash value amount corresponding to the customer's use of the machines. The central server apparatus (10) receives calls from customers requesting an authorization code for use with a value added terminal, and in response thereto, verifies funds in a pre-established customer account and provides an active authorization code.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.