Prepayment wristband and computer debit system

• US 20050040228A1
• Filed: 09/27/2004
• Published: 02/24/2005
• Est. Priority Date: 03/03/1994
• Status: Abandoned Application

• Current Assignee: Donald W. Mills Jr, Joseph M. Mullins
• Original Assignee: Donald W. Mills Jr, Joseph M. Mullins
• Inventors: Mullins, Joseph M., Mills, Donald W. Jr.
• Application Number:
  US10/951,063
• Publication Number:
  US 20050040228A1
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06K 19/04 characterised by the shape
• CPC Class Codes: G06K 19/07762 the adhering arrangement making the record carrier wearable, e.g. having the form of a ring, watch, glove or bracelet record carriers for insertion in the human body for medical purposes A61B90/00; record carriers adapted for attachment to animals A01K11/00
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/342 Cards defining paid or billed services or quantities
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G07F 7/025 by means, e.g. cards, providing billing information at the time of purchase, e.g. identification of seller or purchaser, quantity of goods delivered or to be delivered

Abstract

A financial transaction system that does not require the need for cash, checks or credit cards to carry out financial transactions. In return for prepayment of specified sum, a bar coded wristband is issued to a customer. On issuance of the wristband, a data base record is created that is cross-referenced with the bar code number, as well as an account number, an issue date and a present balance of the account. When the user wishes to purchase goods or services, the bar code of the wristband is scanned, and the amount of the transaction is then placed into the system. The corresponding account is debited. The wristband is constructed so as to be waterproof, and includes an adhesive strip with small tear strips for fastening around the user'"'"'s wrist. An attempted removal of the wristband is effective to substantially destroy it and render it unusable to other persons.

Claims

1. An article capable of being attached to a user the article having thereon an identification associated with an account, the identification readable by at least one of human or machine means, the article identification being used to enable the user to acquire goods or services in transactions.

2. The article of claim 1, constructed so as to be removably attachable to the user'"'"'s clothing.

3. The article of claim 1, constructed so as to be removably attachable to the user'"'"'s body.

4. The article of claim 1, constructed so as to be attachable to the user and not reusable by another person once removed from the user.

5. The article of claim 1, constructed so as to be attachable to the user'"'"'s clothing and not reusable by another person once removed from the user'"'"'s clothing.

6. The article of claim 1 wherein the identification associated with the article is associated with a credit card number.

7. The article of claim 1 wherein the identification associated with the article is associated with a specific paid monetary amount.

8. The article of claim 1 wherein the article identification only enables the user to acquire goods or services for a specified time after being issued.

9. The article of claim 6 wherein the identification is further associated with a specific monetary amount.

10. The article of claim 6 wherein the credit card number is charged for transactions for goods or services acquired with the article.

11. The article of claim 6 wherein the identification is further associated with a maximum monetary amount.

12. The article of claim 1 wherein the goods or services that can be acquired by the user in transactions is limited to certain goods or services.

13. The article of claim 1 wherein the goods or services that can be acquired by the user in transactions is limited to goods or services having a certain maximum monetary amount.

14. The article of claim 1 wherein the identification assigned to the article is different from the identification assigned to any other article.

15. An article capable of being removably attached to a user having at least one identification thereon, the identification used to associate the user with an account in a computerized database, the account used to enable the user to acquire goods or services in transactions processed through the computerized database.

16. The article of claim 15 wherein the identification is further associated with a credit card number in the computerized database.

17. The article of claim 15 wherein the identification is further associated with a specific monetary amount in the computerized database.

18. The article of claim 16 wherein the credit card number is charged for transactions for goods or services acquired with the article.

19. A wristband having adhesive means on at least a portion thereof to enable the wristband to be secured to a user, the wristband having printed indicia thereon, the printed indicia representing an identification of an account in a computerized database, the account having associated therewith one or more of a credit card number or a monetary amount, the account being decremented whenever the user acquires goods or services using the identification on the wristband.

20. The wristband of claim 19 wherein the wristband further comprises security slits in the area of the adhesive means such that if the wristband is removed from the user, it cannot be reattached to another person.