Multiple magnetic stripe transaction cards and systems for the utilization thereof

• US 5,984,191 A
• Filed: 08/06/1997
• Issued: 11/16/1999
• Est. Priority Date: 11/20/1995
• Status: Expired due to Fees

• Current Assignee: Interactive Card Technologies LLC
• Original Assignee: Interactive Card Technologies LLC
• Inventors: Chapin, Stephen R. Jr.
• Primary Examiner(s): Hajec, Donald
• Assistant Examiner(s): FRECH, KARL D
• Application Number:
  US08/906,908
• Time in Patent Office: 832 Days
• Field of Search: 235/380, 235/493, 235/449, 235/487, 235/448, 235/375, 283/904, 283/107, 283/108, 283/114
• US Class Current: 235/493
• CPC Class Codes: G06K 19/06187 with magnetically detectable marking
• CPC Class Codes: G06K 19/06196 Constructional details
• CPC Class Codes: G06K 19/12 the marking being sensed by magnetic means

Abstract

A transaction card includes at least two read-only magnetically encoded stripes encoding different data in accordance with standard data encryption protocols readable by conventional transaction card reading systems. The stripes are on opposite sides of the card adjacent the same edge of the card. In accordance with one embodiment, superimposed upon the card are two sets of printed indicia including, for example, the transaction card number, the expiration date and the name of the card user. The indicia may be placed on the same side of the card or on opposite sides of the card. In this way, magnetically encoded information on the same transaction card may be segregated at the point of sale. The transaction card is readable by standard, existing readers and the information is processed for invoicing by standard processing systems to preferably generate a single statement with two groups of charges, one relating to each magnetically encoded stripe.

Claims

1. An indivisible transaction card comprising:

a standard size and configuration conforming to industry regulations for the transaction card wherein the transaction card is an indivisible card readable by standard transaction card readers and includes a front face and a rear face and side edges;

a first read-only magnetic stripe on one face adjacent one of the side edges;

a second read-only magnetic stripe on the other face disposed adjacent to the same side edge as the first read-only magnetic stripe; and

printed indicia on the card, the printed indicia relating to information encoded in the magnetic stripe.

2. The transaction card of claim 1, wherein the transaction card has long edges and short edges and wherein the magnetic stripes are disposed adjacent one of the long edges.

3. The transaction card of claim 1, wherein the first magnetic stripe is in a first area of a first color and the second stripe is in a second area of a second color different from the first color.

4. The transaction card of claim 1, wherein the printed indicia comprises first and second indicia, the first indicia relating to an account associated with the first magnetic stripe and the second indicia relating to an account of associated with second magnetic stripe.

5. The transaction card of claim 4, wherein the first and second indicia are on the same side of the card.

6. The transaction card of claim 5, wherein at least one of the indicia is also on the other side of the card.

7. The transaction card of claim 4, wherein the first indicia is one side of the card and the second indicia is on the other side of the card.

8. The transaction card of claim 1, wherein the industry regulations are VISA/MasterCard/American Express/Discover regulations.

9. A system including standard retail transaction card readers with central information processors being connected thereto and a plurality of indivisible transaction cards readable by the standard retail transaction card readers, the system comprising:

a standard size and configuration conforming to industry regulations for the transaction cards, wherein the transaction cards are indivisible cards readable by standard transaction card readers and each include a front face and a rear face and size edges;

a first read-only magnetic stripe on one face of the transaction cards adjacent one of the side edges of the transaction cards;

a second read-only magnetic stripe on the other face of the transaction cards disposed adjacent to the same side edge as the first read-only magnetic strip on the transaction cards;

printed indicia on the transaction cards, the printed indicia relating to information encoded in the magnetic stripes;

the standard retail transaction card readers or ATM bank card readers being connected to an invoice generating processor; and

statements being generated by the invoice generating processor for each transaction card, the statement shaving information corresponding to the first read-only data stripes and information corresponding with the second read-only data stripes.

10. The system of claim 9, wherein the transaction cards have long edges and short edges and wherein the magnetic stripes are disposed adjacent one of the long edges.

11. The system of claim 9, wherein the first magnetic stripe of each transaction card is in a first area of a first color and the second stripe of each transaction card is in a second area of a second color different from the first color.

12. The system of claim 9, wherein the printed indicia of each transaction card comprises first and second indicia, the first indicia relating to an account associated with the first magnetic stripe and the second indicia relating to an account associated with the second magnetic stripe.

13. The system of claim 12, wherein the first and second indicia are on the same side of the cards.

14. The system of claim 13, wherein at least one of the indicia is also on the other side of the cards.

15. The system of claim 12, wherein the first indicia are on one side of the cards and the second indicia are on the other side of the cards.

16. The system of claim 9, wherein the regulations are VISA/MasterCard/American Express/Discover regulations.