Electronic transaction processing system and method for operating same

• US 6,138,907 A
• Filed: 12/01/1997
• Issued: 10/31/2000
• Est. Priority Date: 12/02/1996
• Status: Expired due to Term

• Current Assignee: Rakuten, Inc. (Rakuten Group, Inc.)
• Original Assignee: OKI Electric Industry Company Limited
• Inventors: Mori, Toru, Saruya, Makoto
• Primary Examiner(s): Hajec, Donald
• Assistant Examiner(s): Lee, Diane I.
• Application Number:
  US08/980,794
• Time in Patent Office: 1,065 Days
• Field of Search: 235/379, 235/380, 235/383, 235/375, 235/449, 235/492, 235/493, 902/25, 902/26, 902/27, 902/30, 902/35, 902/40, 705/39, 705/26
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]
• CPC Class Codes: G07F 7/0866 by active credit-cards adapted therefor G07F7/1008 takes precedence

Abstract

An electronic transaction processing system performing a deposit and/or a withdrawal of digital cash between a customer and a banking facility includes a customer money card storing digital cash of the customer, a bank money card storing digital cash of the banking facility and an escrow card storing transaction information with respect to a transaction with digital cash between the customer and the banking facility. A transaction is processed by renewing digital cash stored in the customer money card and in the bank money card in response to the amount of the transaction, and transaction processing is performed after storing each balance information of digital cash stored in the customer money card and in the bank money card and the amount of the transaction in the escrow card.

Claims

1. An electronic transaction processing system for performing a transaction comprising at least one of a deposit and a withdrawal of digital cash between a customer and a banking facility, the electronic transaction processing system comprising:

a host computer having a memory;

a customer'"'"'s memory apparatus storing digital cash of the customer;

a banking facility'"'"'s memory apparatus storing digital cash of the banking facility;

an escrow memory apparatus that stores balance information of digital cash stored in each of said customer'"'"'s memory apparatus and said banking facility'"'"'s memory apparatus prior to renewal of said digital cash stored in each of said customer'"'"'s memory apparatus and said banking facility'"'"'s memory apparatus, said customer'"'"'s, banking facility'"'"'s and escrow memory apparatuses being distinct from the memory of the host computer and not directly connected to said host computer; and

wherein a transaction is processed by renewing digital cash stored in said customer'"'"'s memory apparatus and in said banking facility'"'"'s memory apparatus in response to a transaction amount, based on said balance information of digital cash stored in said escrow memory apparatus.

2. A system according to claim 1, further comprising an automatic teller machine housing said banking facility'"'"'s memory apparatus and said customer'"'"'s memory apparatus, said automatic teller machine discharging and taking in said customer'"'"'s memory apparatus.

3. A system according to claim 2, wherein said automatic teller machine provides a screen that displays at least the balance information of digital cash stored in the customer'"'"'s memory apparatus and a balance information in a customer'"'"'s account.

4. A system according to claim 2, wherein said automatic teller machine provides a screen for displaying a transaction limit amount.

5. A system according to claim 4, wherein said transaction limit amount in a withdrawal processing is computed by subtracting the balance of digital cash stored in the customer'"'"'s memory apparatus from an accumulation limit amount in the transaction.

6. A system according to claim 4, wherein said transaction limit amount on said screen is blinked when the customer requests a transaction amount that exceeds the transaction limit amount.

7. A system according to claim 1, wherein a plurality of said escrow memory apparatuses are provided, said plurality of escrow memory apparatuses being selected in response to characteristics of said first memory apparatus.

8. A system according to claim 7, further comprising a card array that houses said plurality of escrow memory apparatuses.

9. A system according to claim 1, wherein digital cash, after the renewal of said digital cash stored in said escrow memory apparatus and said digital cash stored in said banking facility'"'"'s memory apparatus, is confirmed by using said balance information of digital cash stored in said escrow memory apparatus and the transaction amount, which is also stored in said escrow memory apparatus.

10. A system according to claim 1, wherein said third memory apparatus provides a plurality of areas for storing data, said plurality of areas being divided at least into a discrimination information part storing information of the banking facility and a customer information part storing information of the customer.

11. A system according to claim 10, wherein said customer information part includes the balance information of digital cash stored in said customer'"'"'s memory apparatus, and said discrimination information includes the balance information of digital cash stored in said banking facility'"'"'s memory apparatus.

12. A system according to claim 1, wherein said customer'"'"'s memory apparatus transmits the balance information of digital cash to the escrow memory apparatus through a communication line.

13. A system according to claim 1, wherein said customer'"'"'s memory apparatus, said banking facility'"'"'s memory apparatus and said escrow memory apparatus are collocated.

14. A method of performing a transaction comprising at least one of a deposit and a withdrawal of digital cash between a customer and a banking facility, the method comprising the steps of:

a) storing customer information, including account balance information, in a memory associated with a host computer;

b) storing balance information of digital cash stored in a customer'"'"'s memory apparatus into a an escrow memory apparatus, the customer'"'"'s memory apparatus and the escrow memory apparatus being distinct from said memory associated with said host computer and not directly connected to said host computer;

c) storing balance information of digital cash stored in a banking facility'"'"'s memory apparatus into said escrow memory apparatus, said banking facility'"'"'s memory apparatus being distinct from said memory associated with said host computer and not directly connected to said host computer;

d) renewing digital cash stored in said customer'"'"'s memory apparatus and in said banking facility'"'"'s memory apparatus in response to a transaction amount based on each said balance information of digital cash stored into said escrow memory apparatus.

15. A method according to claim 14, further comprising the steps of:

d) confirming the amounts of digital cash renewed in said customer'"'"'s memory apparatus and said banking facility'"'"'s memory apparatus based on said transaction amount and each said balance information of digital cash stored into said escrow memory apparatus;

e) if the amounts of digital cashed renewed are successfully confirmed, continuing the processing of said deposit and/or withdrawal; and

f) if the confirming step fails, re-executing the renewing step.

16. A method according to claim 15, further comprising the steps of:

g) re-executing steps d-f multiple times;

h) performing step d; and

i) if step h fails, interrupting said deposit and/or withdrawal.

17. A method according to claim 14, wherein said customer'"'"'s memory apparatus, said banking facility'"'"'s memory apparatus and said escrow memory apparatus are collocated.