Programmable credit card

• US 5,585,787 A
• Filed: 05/02/1994
• Issued: 12/17/1996
• Est. Priority Date: 12/09/1991
• Status: Expired due to Term

• Current Assignee: Robert S. Wallerstein
• Original Assignee: Robert S. Wallerstein
• Inventors: Wallerstein, Robert S.
• Primary Examiner(s): Horabik, Michael
• Assistant Examiner(s): MERZ, EDWARD W
• Application Number:
  US08/236,169
• Time in Patent Office: 960 Days
• Field of Search: 340/825.34, 340/825.44, 340/286.06, 340/311.1, 235/380, 235/382, 235/382.5, 235/492
• US Class Current: 340/5.42
• CPC Class Codes: G06Q 20/3415 Cards acting autonomously as pay-media
• CPC Class Codes: G06Q 20/3572 Multiple accounts on card
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• 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 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

A programmable credit card enables accessing of a selected one of a plurality of different credit accounts with the same or different credit card companies through communication with a clearing house for the credit accounts while providing important anti-fraud features. The credit card provides means for storing a basic account number and includes a keyboard for entering terminal digits which together with the basic account number define a completed account number and which identify a selected one of the plurality of accounts to be accessed, and for entering identification information for the card. The terminal digits are preserved along with the basic account number to provide the completed account number, together with the identification information, in a form which is readable by a reader device but is not discernible by the human eye, e.g., by emulating a magnetic strip. In an alternative embodiment, an optical reader can be used, upon reading of the completed account number and the identification information by the (e.g., magnetic) reader device during a credit transaction the completed account number and the identification information are directly transmitted to the clearing house for verification and subsequent debiting of the account corresponding to the selected terminal digits.

Claims

1. A programmable credit card for enabling accessing of a selected one of a plurality of different credit accounts with the same or different credit card companies through communication with a clearing house for said credit accounts, said credit card comprising:

means for storing a basic account number;

a keyboard for entering terminal digits which together with said basic account number define a completed account number and which identify a selected one of the plurality of accounts to be accessed, and for entering identification information for the card;

processing means, receiving said terminal digits and said identification information from said keyboard, and said basic account number from said storing means, for outputting a drive signal representing said identification information, said terminal digits and said basic account information; and

information retaining means, responsive to said drive signal, for temporarily preserving said identification information, and said terminal digits along with said basic account number to provide said completed account number, in a form which is readable by a reader device but is not discernible by the human eye so that upon reading of said completed account number and said identification information by the reader device during a credit transaction the completed account number and the information can be directly transmitted to said clearing house for verification and subsequent debiting of the account corresponding to the selected terminal digits, said processing means further supplying a signal, in a time period approximating time required to complete a transaction, to said information retaining means which eliminates said identification information, said terminal digits and said basic account number.

2. The card recited in claim 1 wherein said processing means comprises a central processor, an associated memory and a magnetic strip control circuit.

3. The card recited in claim 1 wherein said information retaining means comprises an inductor.

4. The card recited in claim 1 further comprising a raised basic account number imprinted on a face of said card and corresponding to said stored basic account number, account number completing digits located on said card adjacent to, and at the end of, said raised account number so that said raised account number and said completing digits constitute a completed visible account number, and account number varying means for varying said account number completing digits.

5. The card recited in claim 4 wherein said account number varying means comprises at least one thumbwheel carrying raised digits corresponding to said terminal digits.

6. The card recited in claim 1 further comprising speaker means for generating tones corresponding to said identification number.

7. The card recited in claim 1 further comprising speaker means for generating preprogrammed identification tones in response to depressing selected keys of said keyboard.

8. A method for establishing direct communication between a clearing house for a plurality of accounts with the same or different credit card companies and the holder of a programmable credit card including programmable electronics so as to provide verification of the credit card and to provide debiting of a selected one of said plurality of accounts, said method comprising the steps of:

activating the credit card to provide power to the programmable electronics of the credit card;

entering an identification number on a keyboard of the credit card;

selecting one of said plurality of accounts to debit by entering a multi-digit number via said keyboard which completes an account number stored by said credit card to provide a completed account number;

temporarily preserving said identification number and said completed account number in a form that is not discernable to the human eye;

using a reader device to read out, from said form that is not discernable to the human eye, the preserved identification number and completed account number;

transferring said identification number and said completed account number read out by said reader device to a communications device;

using said communications device to transmit said identification number and said completed account number to said clearing house;

verifying said identification number at said clearing house;

transmitting from said clearing house a verification of debiting of the account corresponding to said completed account number; and

eliminating said identification number and said completed account number from said form in response to an erase signal delivered in a time period approximating time required for a transaction to be completed.

9. A method as claimed in claim 8 wherein said identification number and said completed account number are temporarily preserved by emulating said numbers using an inductor behind a magnetic strip on said card and wherein said numbers are read out from said magnetic strip by a magnetic reader device.

10. The method as claimed in claim 8 further comprising the step of generating a tone after the entry of said identification number on said keyboard and transmitting said tone by means of said communications device.

11. A method as claimed in claim 8 further comprising the step of generating a preprogrammed identifying tone in response to making an entry on said keyboard in response to a random request for that entry from the clearing house.

12. The method recited in claim 8, wherein said eliminating step comprises entering an erase code on said keyboard and generating said erase signal in response to said erase code.

13. The method as recited in claim 8, wherein said eliminating step comprises generating said erase signal in response to passage of said time period.