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Authorization matching system

  • US 5,384,449 A
  • Filed: 04/28/1992
  • Issued: 01/24/1995
  • Est. Priority Date: 04/28/1992
  • Status: Expired due to Term
First Claim
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1. A transaction card payment and authorization matching system, comprising:

  • a transaction card issued to a cardholder as a means for transferring value from a cardholder to a merchant, said transaction card carrying cardholder data;

    an issuer who issues transaction cards;

    an acquirer in communication with the issuer via a data control center;

    remote terminal means located at a point of a transaction and in communication with the acquirer, said remote terminal including means for reading the data carried on said card and means for entering data including the amount of the transaction, and said remote terminal means including means for forwarding said transaction amount via the acquirer to the data control center for authorization;

    said data control center including means for assigning an identification code representative of said transaction to the transaction and forwarding said identification code to the issuer and the acquirer for inclusion in records of the transaction; and

    means for comparing the identification code representative of said transaction in said records to verify that said records represent the transaction.

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