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ELECTRONIC READER MEANS FOR MAGNETIC CREDIT CARDS AND THE LIKE

  • US 3,634,657 A
  • Filed: 07/16/1969
  • Issued: 01/11/1972
  • Est. Priority Date: 07/16/1969
  • Status: Expired due to Term
First Claim
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1. A housing having a slot to receive and hold stationary a card having a plurality of magnet portions poled along lines at right angles to the card faces, the ends of the magnet portions at the card faces having a predetermined polarity distribution;

  • a stationary nonconductive element having a flat surface parallel to and at one side of said slot;

    resistance means on said surface said resistance means having a plurality of portions positioned to be confronted by respective poles of magnet portions of a card placed in the slot;

    means for connecting said resistance means to an external current souRce to establish a current path through said resistance means at each portion thereof, said resistance means being characterized in that at each said portion thereof a potential of predetermined magnitude is developed between points on either side of the current path in the presence of a pole of a card magnet portion aligned therewith, and in that the potential between such points in the presence of a south pole is opposite to that in the presence of a north pole; and

    a network means responsive to the potentials to develop signal information identifiable with the card.

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