BAR CODED MONETARY TRANSACTION SYSTEM AND METHOD
First Claim
1. An improved financial transaction device comprising barcoded information incorporating one of a plurality of algorithmic signatures, the signature being configured to permit at least one party involved in a financial transaction to store pertinent data in a multi-organizational payment tracking database.
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Abstract
An improved financial transaction device comprising bar-coded information incorporating one of a plurality of algorithmic signatures, the signature being configured to permit at least one party involved in a financial transaction to store pertinent data in a multi-organizational payment tracking database, wherein the signature comprises a payment tracking identifier capable of uniquely referencing a single financial transaction and some of the pertinent data. The transaction may correspond to a format signature which may be in the form of a unique pictographic image representing the arrangement of data on a financial device for comparison against a library or database of signatures for purposes of device recognition.
47 Citations
17 Claims
- 1. An improved financial transaction device comprising barcoded information incorporating one of a plurality of algorithmic signatures, the signature being configured to permit at least one party involved in a financial transaction to store pertinent data in a multi-organizational payment tracking database.
- 8. A format signature for device recognition, the signature comprising a substantially unique pictographic image configured to reflect a substantially unique set of visual features appearing in a two-dimensional arrangement on the device.
- 13. A data transfer device comprising an open-ended two-dimensional series of alphanumeric characters or other distinct symbols, the series being derived from source data through an automated encoding process based on an encoding signature, whereby a corresponding decoding process installed on an automated device may reliably use the encoding signature to reconstitute the source data through visual processing of the series and visual recognition of the distinct symbols.
Specification