Device and method for authorized funds transfer
US6393411B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 21, 1998 |
| Grant date | May 21, 2002 |
| Priority date | — |
| Expiry date | Jul 21, 2018 |
Classification
- Technology area (CPC Y)Emerging Cross-Sectional Technologies
- CPC primaryY10T70/465
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A secure funds device for use with a computer system, such as a personal computer, for transferring funds, in response to a funds transfer request for amounts of funds from the computer system, to a funds receiver. One or more electronic cash devices store electronic funds and transfer funds in response to funds transfer request when authorized by an authorization signal. A processor is used for connecting the funds transfer request from the computer system to the electronic cash device and for transferring electronic funds from the electronic cash device to the computer system when the authorization signal is present. User control means, including for example a pushbutton switch and an LCD display, that is not accessible by the computer system is used for providing the authorization signal. The secure funds device has a secure interface that prevents the computer system from generating the authorization signal. The present invention prevents a computer from making unauthorized transfers from a electronic cash device such as a smart card.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.