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Funds transfer system

  • US RE36,788 E
  • Filed: 08/22/1997
  • Issued: 07/25/2000
  • Est. Priority Date: 09/06/1990
  • Status: Expired due to Term
First Claim
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1. A method of transferring funds including the steps of:

  • linking a first portable data storage and processing device to a first financial institution, the first portable data storage device storing at least a portion of a program;

    debiting an account held at the financial institution and recording a corresponding credit value in the first portable data storage and processing device;

    linking the first portable data storage device to a second, similar device via a terminal means, the second portable data storage device storing at least a portion of a program which is run in a synchronized, interactive manner with the portion of the program stored in the first portable data storage device;

    reducing the credit value in the first device and recording a corresponding credit value in the second device;

    linking the second portable data storage and processing device to a second financial institution;

    reducing the credit value in the second device;

    and recording a corresponding credit value in an account held at the second financial institution.

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