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Bicycle security system

  • US 5,278,538 A
  • Filed: 04/20/1992
  • Issued: 01/11/1994
  • Est. Priority Date: 04/20/1992
  • Status: Expired due to Fees
First Claim
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1. A bicycle security system comprising:

  • a locking bicycle rack having support means for receiving a bicycle thereon;

    locking means movable between a locked and unlocked position for securing said bicycle to said rack; and

    control means for controlling said locking means, said control means being operative in response to insertion into the system of a user'"'"'s bank card, whereby insertion of said bank card conditions said locking means for movement to said locked position, and subsequent re-insertion of said bank card permits movement of said locking means to said unlocked position;

    said control means having timer means for recording a length of time said bicycle is locked, and central processor means for calculating a charge based on the recorded time, and for automatically debiting said charge to a bank account corresponding to said bank card.

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