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Prepayment metering system using encoded purchase cards from multiple locations

DC
  • US 5,146,067 A
  • Filed: 01/12/1990
  • Issued: 09/08/1992
  • Est. Priority Date: 01/12/1990
  • Status: Expired due to Term
First Claim
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1. A prepaid utility dispensing system, comprising:

  • (a) at least one card dispensing station comprising means for encoding a mag-stripe card with value and account information arising from a purchase of prepaid utility services, the value and account information comprising a present rate, at least one future rate and a date when the conversion to the future rates are to occur; and

    (b) a utility dispensing device resident at a customer site for dispensing utility services in accordance with the value and account information encoded on the mag-stripe card, wherein the present rate and the future rates determine how the utility dispensing device is to value the utility service dispensed, and the date determines when the future rates are to be placed into effect by the utility dispensing device, regardless of when the customer buys the mag-stripe cards.

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