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Transaction terminal for an electronic cashless system

  • US 6,003,762 A
  • Filed: 07/26/1994
  • Issued: 12/21/1999
  • Est. Priority Date: 09/06/1989
  • Status: Expired due to Fees
First Claim
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1. A point of sale terminal device connectable to a cash register carrying out a commercial transaction in an electronic cashless system by recording a commercial transaction amount onto an electronic cashless medium card and recording said amount into a tallying file within said terminal, said commercial transaction occurring without using an account number identifying an owner of the electronic cashless medium card, which comprises:

  • a direct clearing component providing direct clearing of the commercial transaction by communicating the commercial transaction amount to the electronic cashless medium card, the electronic cashless medium card not required to communicate an account number of the owner and having a total cash amount and a processor, said processor of the electronic cashless medium card subtracting said commercial transaction amount from said total cash amount; and

    an indirect clearing component providing clearing of the transaction with a central bank by communicating the tallying file to said central bank without communicating the account number of the owner.

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