Electronic credit card—ECC
First Claim
1. An electronic credit card comprising:
- a user verifier for receiving an input from a user in the form of a security authorization code or a precursor from which the security authorization code can be generated and verifying the identity of the user from the input;
a code generator for generating a unique transaction identifier when the user'"'"'s identity is verified;
a storage for storing the user'"'"'s account details for use in an electronic funds transfer transaction; and
a communicator for communicating with a transaction station, wherein the communicator is configured to securely communicate the account details of the user and the security authorization code using the unique transaction identifier to the transaction station in order to facilitate an electronic fund transfer transaction.
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Accused Products
Abstract
Electronic Credit Card (ECC) is an electronic device that enables transmission/reception of data and/or digital information to/from a host computer via a Terminal Station (TS). TS includes Teller Machines in supermarkets/shopping complex, Automatic Teller Machines (ATM), EFTPOS devices and proprietary transceiver devices developed by Creative On-Line Technologies Limited for PC interface. It provides latest financial information including balances on its display unit. Keypads (1) enable PIN (personal identification number) entries so that an ECC is operational. Information Display Unit (2) including an LCD (liquid crystal display) screen or other display screens provides visual information. ENTER key (3) confirms a transaction. It is also used to activate an ECC when a PIN is keyed. Audio Transducer (4) confirms entries made on keypads (1). Audio Transducer is also used to activate a financial transaction via a telephone. Data transmission/reception is via Infra red (5), Magnetic (6) and Radio Frequency (7) devices.
121 Citations
25 Claims
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1. An electronic credit card comprising:
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a user verifier for receiving an input from a user in the form of a security authorization code or a precursor from which the security authorization code can be generated and verifying the identity of the user from the input; a code generator for generating a unique transaction identifier when the user'"'"'s identity is verified; a storage for storing the user'"'"'s account details for use in an electronic funds transfer transaction; and a communicator for communicating with a transaction station, wherein the communicator is configured to securely communicate the account details of the user and the security authorization code using the unique transaction identifier to the transaction station in order to facilitate an electronic fund transfer transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A method of conducting an electronic funds transfer transaction using an electronic card comprising:
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receiving an input from a user at the electronic card; verifying the identity of the user from the input; obtaining a security authorization code from the input; generating a unique transaction identifier when the user'"'"'s identity is verified; securely communicating the security authorization code from the electronic card to a transaction station using the unique transaction identification along with user'"'"'s account details stored in the electronic card.
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Specification