Electronic travel pass
First Claim
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1. An electronic payment and accountancy system comprising:
- a handheld electronic data carrier defining a travel pass having a monetary buying power;
a transaction terminal for the purchase of goods or services, said terminal comprising means to securely increment as well as to decrement the monetary buying power of said travel pass;
means for transferring data between the terminal and the travel pass;
means for storing in said terminal a price value P for an intended purchase of goods or services;
means for storing in said travel pass a monetary buying power VO;
means for storing a fixed, predetermined buying power VPRE;
means for temporarily holding in said terminal identifying data of travel passes that were incremented by said terminal during a given service period;
means for comparing an intended purchase price value P with the stored monetary buying power VO of said travel pass;
means for incrementing said monetary buying power VO by an amount corresponding to said predetermined buying power VPRE when said price value P is greater than said monetary buying power VO; and
means for decrementing said monetary buying power VO by an amount corresponding to said price value P.
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Abstract
An electronic value storage device and system which can be used for making valid payment of fares or purchases of services and goods, in which a transaction terminal detects a deficiency in stored value in the device upon presentation for a purchase, and automatically increases the stored value amount by debiting a credit account of the user. Different PIN numbers may be provided for different functions of the device, such as credit updating and transfer of credit from a protected credit account to a cash value storage medium on the device.
90 Citations
35 Claims
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1. An electronic payment and accountancy system comprising:
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a handheld electronic data carrier defining a travel pass having a monetary buying power;
a transaction terminal for the purchase of goods or services, said terminal comprising means to securely increment as well as to decrement the monetary buying power of said travel pass;
means for transferring data between the terminal and the travel pass;
means for storing in said terminal a price value P for an intended purchase of goods or services;
means for storing in said travel pass a monetary buying power VO;
means for storing a fixed, predetermined buying power VPRE;
means for temporarily holding in said terminal identifying data of travel passes that were incremented by said terminal during a given service period;
means for comparing an intended purchase price value P with the stored monetary buying power VO of said travel pass;
means for incrementing said monetary buying power VO by an amount corresponding to said predetermined buying power VPRE when said price value P is greater than said monetary buying power VO; and
means for decrementing said monetary buying power VO by an amount corresponding to said price value P. - View Dependent Claims (2, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35)
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3. A system according to claim I further comprising a plurality of travel passes and comprising means for transmitting the stored data identifying travel passes that were incremented to a computer of a financial institution.
Specification