Prepayment wristband and computer debit system
First Claim
1. A transaction system, comprising:
- at least one article capable of being used in transactions for goods or services upon issuance to a user;
said article bearing an identification associated with data in a computerized accounting system prior to issuance of said article for use in transactions;
said article being attachable to a user;
said computerized accounting system programmed to read said identification of said issued article; and
said system being further programmed to accept said article identification to process transactions.
4 Assignments
0 Petitions
Accused Products
Abstract
A financial transaction system that does not require the need for cash, checks or credit cards to carry out financial transactions. In return for prepayment of specified sum, a bar coded wristband is issued to a customer. On issuance of the wristband, a data base record is created that is cross-referenced with the bar code number, as well as an account number, an issue date and a present balance of the account. When the user wishes to purchase goods or services, the bar code of the wristband is scanned, and the amount of the transaction is then placed into the system. The corresponding account is debited. The wristband is constructed so as to be waterproof, and includes an adhesive strip with small tear strips for fastening around the user'"'"'s wrist. An attempted removal of the wristband is effective to substantially destroy it and render it unusable to other persons.
76 Citations
23 Claims
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1. A transaction system, comprising:
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at least one article capable of being used in transactions for goods or services upon issuance to a user;
said article bearing an identification associated with data in a computerized accounting system prior to issuance of said article for use in transactions;
said article being attachable to a user;
said computerized accounting system programmed to read said identification of said issued article; and
said system being further programmed to accept said article identification to process transactions. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 13, 15)
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9. A method of carrying out transactions, comprising the steps of:
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issuing an article bearing an identification thereon, said article being attachable to a user; and
associating said article with at least one of a value or a credit card number in a computerized accounting system prior to issuing said article, said article being usable for transactions for goods or services after being issued. - View Dependent Claims (10, 11, 12, 14, 16, 17, 18, 19, 20, 21, 22, 23)
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Specification