Transaction processing system

• US 4,877,947 A
• Filed: 07/30/1987
• Issued: 10/31/1989
• Est. Priority Date: 08/05/1986
• Status: Expired due to Term

• Current Assignee: OKI Electric Industry Company Limited
• Original Assignee: OKI Electric Industry Company Limited
• Inventors: Mori, Toru
• Primary Examiner(s): Pellinen, A. D.
• Assistant Examiner(s): Williams, H. L.
• Application Number:
  US07/079,454
• Time in Patent Office: 824 Days
• Field of Search: 235/379, 235/380, 235/381, 340/825.35, 340/825.33, 340/825.34, 364/405, 902/22, 902/26, 902/41
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• 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 7/0866 by active credit-cards adapted therefor G07F7/1008 takes precedence
• CPC Class Codes: G07F 7/12 Card verification
• CPC Class Codes: G07G 1/00 Cash registers alarm indicators G07G3/00

Abstract

A transaction processing system using a prepaid microchip card includes a customer'"'"'s microchip card reader/writer for communicating with a customer'"'"'s microchip card in which a balance is recorded, and a vendor'"'"'s microchip card reader/writer that can be electrically coupled to the customer'"'"'s microchip card reader/writer and is used for communicating with a vendor'"'"'s microchip card in which a balance is recorded. A transaction is processed by deducting the amount of the transaction from the balance in the customer'"'"'s microchip card and adding this amount to the balance in the vendor'"'"'s microchip card.

Claims

1. A transaction processing system using a prepaid microchip card, comprising

a customer'"'"'s microchip card in which a balance is recorded,

a vendor'"'"'s microchip card in which a balance is recorded,

a terminal means for exchanging data between said customer'"'"'s microchip card and said vendor'"'"'s microchip card, for inputting the amount of a transaction, for instructing the customer'"'"'s microchip card to perform the deduction, and for instructing the vendor'"'"'s microchip card to perform the addition, said terminal means including a first terminal having a vendor'"'"'s microchip card reader/writer disposed therein for communicating with said vendor'"'"'s microchip card, and a second terminal which is electrically coupled to said first terminal for exchange of data therebetween, said second terminal having a customer'"'"'s microchip card reader/writer disposed therein for communicating with said customer'"'"'s microchip card,

said customer'"'"'s microchip card having a function of authentication of said second terminal, and

said vendor'"'"'s microchip card having a function of authentication of said first terminal,

wherein a transaction is processed by deducting the amount of the transaction from the balance in the customer'"'"'s microchip card and adding said amount to the balance in the vendor'"'"'s microchip card, and

said transaction processing is performed after the authentication by the customer'"'"'s microchip card and the vendor'"'"'s microchip card.

2. A system according to claim 1, wherein the customer'"'"'s microchip card comprises means for deducting the amount of transaction from the balance to determine a new balance, and for storing the new balance.

3. A system according to claim 1, wherein the vendor'"'"'s microchip card comprises means for adding the amount of transaction to the balance to determine a new balance, and for storing the new balance.

4. A system according to claim 1, wherein the terminal means further comprises means for inputting a password for confirmation of the identity of the customer, and wherein said customer'"'"'s microchip card reader/writer means comprises means for writing the input password in the customer'"'"'s microchip card, upon which the customer'"'"'s microchip card compares the input password and the password stored therein.

5. A system according to claim 1, wherein said terminal means further comprises:

a keyboard provided on said first terminal to input the amount of a transaction, and

a keyboard provided on said second terminal for inputting a password for confirmation of the identity of the customer, and means for writing the input password in the customer'"'"'s microchip card, upon which the customer'"'"'s microchip card compares the input password and the password stored therein for confirmation of the identity of the customer.