Credit card system and method of issuing credit card using such a system

• US 5,569,897 A
• Filed: 01/19/1995
• Issued: 10/29/1996
• Est. Priority Date: 01/26/1994
• Status: Expired due to Term

• Current Assignee: Mitsubishi UFJ Nicos Company Limited (Mitsubishi UFJ Financial Group Incorporated)
• Original Assignee: Nippon Shinpan Co. Ltd. (Mitsubishi UFJ Financial Group Incorporated)
• Inventors: Masuda, Hidehiro
• Primary Examiner(s): PITTS, HAROLD I
• Application Number:
  US08/375,370
• Time in Patent Office: 649 Days
• Field of Search: 235/379, 235/381, 235/380, 235/492
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/347 Passive cards
• 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 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
• CPC Class Codes: G07F 7/1066 PIN data being compared to data on card
• CPC Class Codes: G07F 7/12 Card verification
• CPC Class Codes: G07F 7/127 in which both online and offline card verification can take place

Abstract

A credit card system includes a card having storage columns for recording first identification information, a generating unit for generating a check code from the first identification information and second identification information, a card reader/writer for reading information from and writing information on the card, a keyboard for entering the second identification information and a check code. A comparing unit compares the check code generated by the generating means with a check code entered by the keyboard or a check code recorded on the card, and a unit for indicating or displaying information representing that the check codes compared by the comparing unit do not agree with each other if the compared check codes do not agree with each other.

Claims

1. A credit card system comprising:

a card having first identification information encoded thereon;

a card reader configured to read the first identification information from the card;

an input device configured to supply second identification information and a first check code; and

a processor connected to the card reader and the input device and configured to generate a second check code based on the first identification information read from the card by the card reader and the second identification information supplied by the input device, to compare the first check code to the second check code, and to indicate whether the first and second check codes are identical.

3. A credit card system as recited in claim 1 or claim 2, wherein the first identification information comprises a card number.

4. A credit card system as recited in claim 3, wherein the second identification information comprises a customer identification number.

5. A credit card system as recited in claim 1 or claim 2, wherein the card has recorded thereon limit amount information indicative of a maximum amount of money that a user of the card can pay with the card, wherein the card reader is configured to read the limit amount information from the card, and wherein the processor is configured to compare the limit amount information with an amount of money to be paid by the user, the system further comprising a card writer connected to the processor and configured to update the limit amount information.

6. A credit card system as recited in claim 1, wherein the card has recorded thereon an issuance expiration date, wherein the card reader is configured to read the issuance expiration date, and wherein the processor is configured to compare the issuance expiration date with a date on which the card is issued.

7. A credit card system as recited in claim 1 or claim 2, wherein the card has recorded thereon a use expiration date, wherein the card reader is configured to read the use expiration date, and wherein the processor is configured to compare the use expiration date with a date on which the card is used.

8. A credit card system as recited in claim 1 or claim 2, further comprising entry means for permitting a user to enter a first password, wherein the card has recorded thereon a second password, wherein the card reader is configured to read the second password, and wherein the processor is configured to compare the first password to the second password.

2. A credit card system comprising:

a card having first identification information, second identification information, and a first check code generated from the first identification information and second identification information encoded thereon;

a card reader configured to read the first identification information, the second identification information, and the first check code from the card; and

a processor connected to the card reader and configured to generate a second check code based on the first identification information and the second identification information, to compare the first check code to the second check code, and to indicate whether the first and second check codes are identical.

9. A method of issuing a credit card comprising:

sending first identification information stored on a credit card and an inquiry as to whether the credit card is to be issued to a customer from a first system for issuing and managing credit cards to a second system for managing customer credit information;

at the second system, determining whether a credit card is to be issued to the customer;

at the second system, generating a first check code based on both the first identification information and second identification information;

when a credit card is to be issued to the customer, sending the second identification information and the first check code from the second system to the first system;

at the first system, generating a second check code based on both the first identification information and the second identification information;

at the first system, comparing the first check code with the second check code; and

at the first system, issuing the credit card and recording information on the credit card indicative that the credit card has been issued when the first check code is identical to the second check code.

10. The method of claim 9, wherein the information indicative that the credit card has been issued is the second identification information and the first check code.