Electronic traveler's check
First Claim
Patent Images
1. An electronic traveler'"'"'s check system for a traveler having a passport, the system comprising:
- an electronic traveler'"'"'s check card for issuance to the traveler, the card having verification characteristics and a magnetic strip, the card being associated with an account opened by the traveler and having an amount of currency deposited therein by the traveler and a credit line preapproved for the traveler;
a card reader having a keypad, a magnetic strip reader, and a display;
a server;
a database connected to the server, the database containing information relating to the traveler to whom the electronic traveler'"'"'s check card is issued, including the traveler'"'"'s passport number and expiration date, the traveler'"'"'s account number, the amount of currency deposited by the traveler, and the traveler'"'"'s preapproved credit line;
means for allowing communication between the card reader and the server;
means for verifying data from the card reader;
means for verifying currency account and electronically transferring money up to the amount of currency deposited by the traveler; and
means for verifying credit line account data and electronically transferring money up to the traveler'"'"'s preapproved credit line when the amount of currency deposited by the traveler is depleted.
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Abstract
The electronic traveler'"'"'s check system and method includes an electronic traveler'"'"' check card that is usable to retrieve money from point of service locations and banks. The system has a database of user information, such as a pin number and the user'"'"'s passport number, which is used to verify the identity of the user before a transaction can take place. An emergency credit feature is provided to enable transaction completion when a cardholder'"'"'s account has insufficient cash funds.
21 Citations
13 Claims
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1. An electronic traveler'"'"'s check system for a traveler having a passport, the system comprising:
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an electronic traveler'"'"'s check card for issuance to the traveler, the card having verification characteristics and a magnetic strip, the card being associated with an account opened by the traveler and having an amount of currency deposited therein by the traveler and a credit line preapproved for the traveler; a card reader having a keypad, a magnetic strip reader, and a display; a server; a database connected to the server, the database containing information relating to the traveler to whom the electronic traveler'"'"'s check card is issued, including the traveler'"'"'s passport number and expiration date, the traveler'"'"'s account number, the amount of currency deposited by the traveler, and the traveler'"'"'s preapproved credit line; means for allowing communication between the card reader and the server; means for verifying data from the card reader; means for verifying currency account and electronically transferring money up to the amount of currency deposited by the traveler; and means for verifying credit line account data and electronically transferring money up to the traveler'"'"'s preapproved credit line when the amount of currency deposited by the traveler is depleted. - View Dependent Claims (2, 3, 4, 5)
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6. An electronic traveler'"'"'s check card method, comprising the steps of:
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(a) accepting an electronic traveler'"'"'s check card and a passport presented by a user; (b) reading information stored on the electronic traveler'"'"'s check with a magnetic card reader; (c) entering the user'"'"'s passport number and personal identification number into the magnetic card reader; (d) verifying the passport number and the personal identification number; (e) verifying that sufficient funds are present in an account linked to the card; and (f) verifying a credit line limit linked to the card when the funds present in the account are depleted. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13)
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Specification