Method of processing monetary transaction data by batch off-loading of the data from a portable, hand-held electronic device, device and system therefor

• US 5,869,825 A
• Filed: 03/10/1997
• Issued: 02/09/1999
• Est. Priority Date: 09/07/1993
• Status: Expired due to Fees

• Current Assignee: Pierun Corporation
• Original Assignee: Witold A. Ziarno
• Inventors: Ziarno, Witold A.
• Primary Examiner(s): LEE, MICHAEL GUNYOUNG
• Application Number:
  US08/814,090
• Time in Patent Office: 701 Days
• Field of Search: 235/380, 235/379, 235/385, 235/472, 902/4, 902/22, 705/1
• US Class Current: 235/380
• CPC Class Codes: A47G 33/00 Religious or ritual equipment in dwelling or for general use
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 20/343 Cards including a counter
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 30/018 Certifying business or products
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G07F 17/0014 for vending, access and use of specific services not covered anywhere else in G07F17/00 meter-controlled dispensing of liquid, gas or electricity G07F15/00
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 19/203 Dispensing operations within ATMs dispensing in general G07D11/00
• CPC Class Codes: G07F 5/22 electrically actuated
• CPC Class Codes: G07F 7/00 Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
• CPC Class Codes: G07F 7/02 by keys or other credit registering devices
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

The present invention provides a method, device and system of monetary transaction processing. The method includes the steps of entering and recording on the portable, self-powered, hand held monetary transaction processing device a plurality of monetary commitments consisting of a numerical amount and indicia read from an information bearing card. The method includes the step of batch off-loading of the data from the portable, self-powered, hand held monetary transaction processing device to a second device. Recordation of a plurality of monetary transactions is uninterrupted by verification of validation and/or authorization.

Claims

1. A method of monetary transaction processing, comprising the steps of entering and recording on a portable, self-powered, monetary transaction processing device a plurality of monetary commitments data consisting of a numerical amount and indicia read from an information bearing card, and batch off-loading of said data from said portable, self-powered, monetary transaction processing device to a second device whereby recordation of each monetary transaction is uninterrupted by verification of validation and/or authorization.

2. The method according to claim 1 further comprising the step of acknowledging the monetary transactions from a remote data processing location device from where the monetary transactions were entered, in which there is no verification of validation and/or authorization at said portable, self-powered, monetary transaction processing device.

3. The method according to claim 1 further comprising the step of entering credits to accounts for the monetary transactions to recipients of the monetary transactions, and entering debits to accounts for the monetary transactions to makers of the monetary transactions.

4. The method of claim 1 in which said information bearing card is a smart card.

5. The method of claim 1 further comprising pre-programing said information bearing card to recognize said portable, self-powered, monetary transaction device.

6. The method of claim 1 further comprising communicatively linking said monetary transaction processing device to said second device via a docking station.

7. The method of claim 1 further comprising communicatively linking said portable, self-powered, monetary transaction processing device, or optionally said second device, to a card account processor, and transferring said monetary commitments data to said card account processor.

8. The method of claim 1 further comprising electronically mailing acknowledgement data of said monetary transaction to a user'"'"'s personal computer.

9. The method of claim 1 further comprising encrypting said monetary transaction data.

10. The method of claim 1 further comprising entering a code associated with said information bearing card on said portable, self-powered, monetary transaction processing device.

11. The method of claim 1 further comprising sending a user a record of said monetary transaction.

12. The method of claim 1 in which said portable, self-powered monetary transaction processing device is a portable, self-powered, monetary transaction processing device.

17. The system of claim 4 further comprising a monetary transaction record printing device.

18. The system of claim 4 in which said portable, self-powered monetary transaction processing device is a portable, self-powered, monetary transaction processing device.

20. The device of claim 8 further comprising means for communicating the data in batch to a remote central processing location device.

13. A system for simplifying the management of a multiplicity of monetary transaction commitments comprising, a portable, self-powered, monetary transaction processing device having entering and recording means on said portable, self-powered, monetary transaction processing device for recording a plurality of monetary commitment data consisting of a numerical amount and indicia read from an information bearing card, a second device, and batch off-loading means for batch off-loading of said data from said portable, self-powered, monetary transaction processing device to said second device whereby recordation of each monetary transaction is uninterrupted by verification of validation and/or authorization.

14. The system according to claim 13 further including means for acknowledging said monetary transactions.

15. The system according to claim 13 further including means for entering credits to accounts for the monetary transactions to recipients of the monetary transactions, and entering debits to accounts for the monetary transactions to makers of the monetary transactions.

16. The system according to claim 13 in which the portable, self-powered, monetary transaction processing device is selected from the group consisting of remotely located portable, self-powered, personal computers, and remotely located portable, self-powered, hand held peripherals.

19. A portable, self-powered, hand held monetary transaction processing device comprising entering and recording means on said portable, self-powered, hand held monetary transaction processing device for entering and recording a plurality of successive monetary commitment data consisting essentially of a numerical amount and indicia read from an information bearing card, and batch off-loading means for batch off-loading of said data from said portable, self-powered, hand held monetary transaction processing device to a second device whereby recordation of each monetary transaction is uninterrupted by verification of validation and/or authorization.