Method and apparatus for electronic cash transactions

• US 5,438,184 A
• Filed: 10/26/1993
• Issued: 08/01/1995
• Est. Priority Date: 10/26/1993
• Status: Expired due to Term

• Current Assignee: Hewlett-Packard Company (HP Inc.)
• Original Assignee: Verifone, Inc. (Verifone Systems, Inc.)
• Inventors: Roberts, Alan B., Arakaki, James S.
• Primary Examiner(s): EVANS, FANNIE L
• Application Number:
  US08/143,573
• Time in Patent Office: 644 Days
• Field of Search: 902/22, 902/26, 235/379, 235/380
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/229 Hierarchy of users of accounts
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G07F 7/0866 by active credit-cards adapted therefor G07F7/1008 takes precedence
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

A paystation device adapted to be coupled to a transaction terminal for carrying out a transaction between a seller and a buyer using a smart card having a cash token value stored therein and having a current cash token value. A smart card interface accepts insertion of a smart card for reading a current cash token value stored therein and for writing a new cash token value thereto. A display device displays cash amounts. A communication interface communicates data messages between the paystation device and the transaction terminal. A programmed control unit is coupled to and operates the smart card interface, the display device, and the communication interface.

Claims

1. A method of carrying out a transaction between a buyer and a seller using a smart card having a cash token stored therein with a current cash token value, the steps of:

disposing on the seller'"'"'s premises at a location separated from a transaction station a lookstation device having a distinctive Lookstation Symbol associated therewith, said lookstation device being adapted for insertion by a buyer of a smart card followed by automatic read and display to the buyer of the current cash token value stored therein to inform the buyer of his cash purchasing power;

disposing on the seller'"'"'s premises at said transaction station a paystation device having a distinctive Paystation Symbol associated therewith and being coupled to a transaction terminal for participating in carrying out a transaction by means of the steps of;

a. the transaction terminal communicating to said paystation device a cash transaction amount;

b. the paystation device displaying said cash transaction amount;

c. the buyer inserting into said paystation device a smart card having a cash token stored therein to indicate acceptance of said cash transaction;

d. the paystation device reading the current cash token value in said inserted smart card;

e. the paystation device calculating a new cash token value as the difference between said current cash token value and said cash transaction amount;

f. the paystation device automatically writing said new cash token value into said cash token of said smart card without further action by the buyer; and

g. the paystation device communicating a cash transaction completion message to said transaction terminal.

2. The method of claim 1, wherein said step c. may be carried out before or after steps a. and b. and further comprising the step of:

d.1. the paystation device displaying said current cash token value if said step c. carried out before steps a. and b.

3. The method of claim 1, further comprising the step

h. the paystation device displaying in sequence on a single line display said current cash token value, said cash transaction amount, and said new cash token value.

4. The method of claim 1, wherein said step b. is carried out by displaying said cash transaction amount on a display line dedicated to the cash transaction amount parameter and appropriately labeled to inform the buyer;

and further comprising the steps of;

d.1. the paystation device displaying said current cash token value on a display line dedicated to the current cash token value parameter and appropriately labeled to inform the buyer; and

e.1. the paystation device displaying said new cash token value on a display line dedicated to the new cash token value parameter and appropriately labeled to inform the buyer.

5. The method of claim 1, further comprising the steps of:

d.1. the paystation device comparing said current cash token value with said cash transaction amount and declaring a transaction error if said cash transaction amount is greater than said current cash token value.

6. A method of carrying out a transaction between a buyer and a seller using a smart card having a cash token stored therein with a current cash token value and utilizing a paystation device coupled to a transaction terminal comprising the steps of:

a. the transaction terminal communicating to said paystation device a cash transaction amount;

b. the paystation device displaying said cash transaction amount;

c. the paystation device reading the current cash token value stored in a smart card inserted by the buyer to signify an offer to pay the cash transaction amount using said cash token stored in said smart card;

d. the paystation device calculating a new cash token value as the difference between said current cash token value and said cash transaction amount;

e. the paystation device automatically writing said new cash token value into said cash token of said smart card without further action by the buyer; and

f. the paystation device automatically communicating a cash transaction message to said transaction terminal.

7. The method of claim 6, further comprising the step of:

d.1. the paystation comparing said current cash token value with said cash transaction amount and declaring a transaction error if said cash transaction amount is greater than said current cash token value.

8. The method of claim 7, wherein

said step b. is carried out by displaying said cash transaction amount on a display line dedicated to the cash transaction amount parameter and appropriately labeled to inform the buyer;

and further comprising the steps of;

c.1. the paystation device displaying said current cash token value on a display line dedicated to the current cash token value parameter and appropriately labeled to inform the buyer7 and

d.2. the paystation device displaying said new cash token value on a display line dedicated to the new cash token value parameter and appropriately labeled to inform the buyer if the comparison in step d.1. indicates that the transaction can be completed, and alternatively,

d.3. the paystation device blinking the display of current cash token value and sounding an error indication to inform the buyer if the comparison in step d.1. indicates that the transaction can not be completed.

9. A paystation device adapted to be coupled to a transaction terminal for carrying out a transaction between a seller and a buyer using a smart card having a cash token value stored therein and having a current cash token value and comprising:

smart card interface means for accepting insertion of a smart card, for reading a current cash token value stored therein, and for writing a new cash token value thereto;

a display means for displaying cash amounts;

a communication interface for communicating data messages between said paystation device and said transaction terminal;

programmed control means coupled to said smart card interface means, said display means, and said communication interface and comprising;

means for receiving a cash transaction amount from said transaction terminal via said communication interface;

means for operating said display means to display said cash transaction amount;

means for operating said smart card interface means to read the current cash token value stored in a card inserted therein; and

means responsive to the combination of receipt of a cash transaction amount and presence of

a smart card in said smart card interface means for automatically and without other input from the buyer;

calculating a new cash token value as the difference between said current cash token

value and said cash transaction amount;

operating said smart card interface means to write said new cash token value into said smart card; and

sending a transaction message to said transaction terminal via said communication interface.

10. Apparatus as claimed in claim 9, wherein said display means comprises a three line display;

said means for operating said displaying means displays said cash transaction amount on the middle line of said three line display, said current cash token value on the top line of said three line display, and said new cash token value on the bottom line of said three line display.