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Self-contained payment system with circulating digital vouchers

  • US 6,205,435 B1
  • Filed: 12/08/1999
  • Issued: 03/20/2001
  • Est. Priority Date: 07/19/1996
  • Status: Expired due to Term
First Claim
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1. In a system for making payments using vouchers having an identifying element and a dynamic log to which additional data representing the transfer of the voucher is added whenever there is a transaction involving the voucher, wherein a transaction includes a creation of, use of, or movement of the voucher, a remote device comprising:

  • an input signal receiver for receiving said vouchers sent to the said remote device;

    a memory for storing said vouchers and storing an identification number of said remote device and storing an account number;

    an output signal generator for sending said vouchers;

    a processor storing said received vouchers in said memory, wherein said processor generates and attaches a remote device set of log digits to said voucher, and wherein said processor retrieves vouchers from said memory and sends them to said output signal generator linked to said processor; and

    user controls for inputting operating instructions to said remote device.

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