Bar codes or radio frequency identification tags on paper currency, checks, credit/debit cards and personal identification

• US 20060115797A1
• Filed: 01/06/2004
• Published: 06/01/2006
• Est. Priority Date: 01/06/2004
• Status: Abandoned Application

• Current Assignee: Stuart Franklin Gray
• Original Assignee: Stuart Franklin Gray
• Inventors: Gray, Stuart Franklin
• Application Number:
  US10/751,618
• Publication Number:
  US 20060115797A1
• Time in Patent Office: Days
• US Class Current: 434/110
• CPC Class Codes: G07C 9/28 the pass enabling tracking or indicating presence
• CPC Class Codes: G07D 7/0043 using barcodes
• CPC Class Codes: G07D 7/01 Testing electronic circuits therein
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02
• CPC Class Codes: G07F 7/12 Card verification

Abstract

Paper currency and/or checks and/or credit cards and/or debit cards and/or personal identification with one or more bar codes or radio frequency identification (RFID) tags, either of which acts as a unique identifier, to assist in counting, sorting and tracking said item and to act as a deterrent to counterfeiting activities. A method for tracking said items including the steps of creating a clearinghouse to manage one or more databases, attaching a bar code and/or RFID tag to said items, scanning the said items, transmitting key information to the clearinghouse, then receiving approval or rejection of the transaction from the clearinghouse.

Claims

1. On paper currency with one or more bar codes and/or one or more radio frequency identification (RFID) tags, the improvement wherein said bar codes or RFID tags will declare the amount of said paper currency and/or the country of origin;

2. The improvement where claim 1 will significantly reduce the time it takes to count paper currency and improve the accuracy of counting paper currency;

3. The improvement where claim 1 will significantly reduce the time it takes to sort paper currency and improve the accuracy of sorting paper currency;

4. On paper currency with one or more bar codes and/or one or more radio frequency identification (RFID) tags, the improvement wherein said bar codes or RFID tags will declare a unique assigned number that cannot be duplicated or counterfeited without detection of such on said paper currency;

5. The improvement where claim 4 will be a more reliable means for identifying counterfeit paper currency and will significantly reduce counterfeit paper currency;

6. The improvement where claim 4 will permit the exchange of paper currency to be traced thereby helping track the source of counterfeit paper currency (this applies to all currencies through a global clearinghouse as well) and helping track lost or stolen paper currency;

7. The improvement where claim 4 will cost less to manufacture than current paper currency using expensive paper stock and color patterns to deter counterfeit paper currency;

8. A method for tracking paper currency and/or personal checks and/or corporate checks and/or bank checks and/or payroll checks and/or credit cards and/or debit cards and/or birth certificates and/or student ID'"'"'s and/or social security cards and/or driver'"'"'s licenses and/or visas and/or passports and/or airport baggage and/or train baggage and/or bus baggage, including the steps of:

Building a national and/or global clearinghouse to manage a database for certain transaction files;

Putting one or more bar codes and/or one or more radio frequency identification (RFID) tags on the paper currency and/or personal checks and/or corporate checks and/or bank checks and/or payroll checks and/or credit cards and/or debit cards and/or birth certificates and/or student ID'"'"'s and/or social security cards and/or driver'"'"'s licenses and/or visas and/or passports and/or airport baggage and/or train baggage and/or bus baggage;

Scanning the paper currency and/or personal checks and/or corporate checks and/or bank checks and/or payroll checks and/or credit cards and/or debit cards and/or birth certificates and/or student ID'"'"'s and/or social security cards and/or driver'"'"'s licenses and/or visas and/or passports and/or airport baggage and/or train baggage and/or bus baggage into a transaction file;

Transmitting said transaction file via the internet or any secure communication link to the clearinghouse; and

Receiving approval or rejection of said transaction from the clearinghouse.

9. The improvement where claim 8 reduces counterfeit items including paper currency and/or personal checks and/or corporate checks and/or bank checks and/or payroll checks and/or credit cards and/or debit cards and/or birth certificates and/or student ID'"'"'s and/or social security cards and/or driver'"'"'s licenses and/or visas and/or passports.

10. The improvement where claim 8 increases the safety of airline, train or bus travel, or car rental or truck rental.

11. The improvement where claim 8 reduces lost and/or stolen baggage at airports and/or train stations and/or bus terminals.