Smart card having multiple controlled access electronic pockets

• US 20020100808A1
• Filed: 11/30/2001
• Published: 08/01/2002
• Est. Priority Date: 01/30/2001
• Status: Abandoned Application

• Current Assignee: Rodney F. Allen Jr, William Daniel Norwood
• Original Assignee: Rodney F. Allen Jr, William Daniel Norwood
• Inventors: Allen, Rodney F. Jr., Norwood, William Daniel
• Application Number:
  US09/683,201
• Publication Number:
  US 20020100808A1
• Time in Patent Office: Days
• US Class Current: 235/486
• CPC Class Codes: G06K 19/077 Constructional details, e.g. mounting of circuits in the carrier
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/357 Cards having a plurality of specified features
• CPC Class Codes: G06Q 20/3572 Multiple accounts on card
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G07C 13/00 Voting apparatus
• CPC Class Codes: G07C 9/23 by means of a password
• CPC Class Codes: G07C 9/27 with central registration
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

A multifunction smart card having a purse with a plurality of pockets capable of registering a stored value limited to a predetermined purpose. The system in which the smart card is used includes the smart card, a smart card terminal for populating data on the smart card, a funds terminal for entering data associated with an account from which funds registered to a smart card pocket, and an institution and merchant terminal associated with institutional and merchant data for use of the smart card. Each component of the system is connected in a network to central processing unit linked to a database containing component associated records. Upon receipt of a signal in the network, the central processing unit processing unit records transactions made with the card. The system is capable of settlement between the funder account and merchants on a timed basis.

Claims

1_9. ] A smart card having a purse with a plurality of pockets, each pocket having a value and a predetermined purpose associated therewith and being restricted with respect to transactions such that an expenditure of value associated with the pocket is limited to the predetermined purpose of the pocket.

2_9. ] The smart card of claim 1 in which a restriction of a pocket purpose is determined according to data associated with the card accessed from an external database operatively interconnectable to the card.

3_9. ] The smart card of claim 1 in which the value of a pocket is determined according to data associated with the card accessed from an external database operatively interconnectable to the card.

4_9. ] A transaction system including the smart card of claim 1 and:

a smart card terminal for populating data on the smart card concerning a card user and for registering a stored value having a restricted purpose in at least one of the pockets;

a funds terminal wherein funds data associated with an account from which funds registered to a smart card pocket is entered;

a merchant terminal operable with the smart card wherein merchant data, including a merchant account, and merchant purchase data with respect to use of the smart card are entered;

an institution terminal operable with the smart card wherein institution and card user data and institution use data with respect to use of the smart card are entered;

a network interconnecting the smart card terminal, the funds terminal, the merchant terminal, and the institution terminal with a central processing unit, the central processing unit operatively interconnected with a database containing records of data associated with a card user, stored values having a restricted purpose in a pocket on the card user'"'"'s card;

funds associated with an account from which funds registered to a smart card pocket;

a merchant, a merchant account and merchant purchases with respect to use of the smart card; and

an institution and institution use data with respect to use of the smart card;

the central processing unit operable upon receipt of a data signal in the network from at least one of the smart card terminal, the funds terminal, the merchant terminal and the institution terminal, the central processing unit processing the data in the signal with respect to a card user, stored values having a restricted purpose in a pocket on the card user'"'"'s card;

funds associated with an account from which funds registered to a smart card pocket;

a merchant and merchant purchases with respect to use of the smart card; and

an institution and institution use data with respect to use of the smart card;

according to predetermined criteria associated with the interrelationship of a card user, stored values having a restricted purpose in a pocket on the card user'"'"'s card;

funds associated with an account from which funds registered to a smart card pocket;

a merchant, a merchant account and merchant purchases with respect to use of the smart card; and

an institution and institution use data with respect to use of the smart card;

5_9. ] The system of claim 4 in which the CPU transmits a software application comprising an executable card interface from the CPU for storage on the smart card terminal upon a request from the smart card terminal.

6_9. ] The system of claim 5 in which the software application is a Java applet.

7_9. ] The system of claim 4 further comprising a settlement in which the CPU calculates funds debits and credits owing from and payable to the different pockets of the card and owing from and payable to the account from which the funds are registered and owing from and payable to the merchant account with respect to the smart card.

8_9. ] The settlement system of claim 7 in which the mechanism for calculating is controlled by a predetermined event.

9_9. ] The settlement system of claim 7 in which the mechanism for calculating is controlled by a predetermined schedule.

10_9. ] The settlement system of claim 8 in which the registration of value in card pockets, and the debiting of funds between the account from which the funds are registered to the card, and the merchant terminal is based upon activation of the central processing unit by the card.

11_9. ] The smart card of claim 1 including a functionality in addition to stored value in controlled access pockets.

12_9. ] The smart card of claim 11 in which the functionality is one of accessibility, eligibility and network privileges.