Method and system for conducting transactions using a payment card with account information encoded in bar code
First Claim
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1. A system for conducting financial transactions comprising:
- payment cards having stored account information in bar-coded format; and
terminals equipped with at least one optical bar code reader for reading said account information in bar-coded format, said terminals utilizing said account information for processing over a payment network and obtaining authorization of said financial transaction.
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Abstract
A system for conducting financial transactions is provided comprising: payment cards having stored account information in bar-coded format; and terminals each equipped with at least one optical bar code reader for reading the account information in bar-coded format, the terminals utilizing the account information for processing over a payment network and authorizing the financial transaction.
124 Citations
6 Claims
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1. A system for conducting financial transactions comprising:
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payment cards having stored account information in bar-coded format; and
terminals equipped with at least one optical bar code reader for reading said account information in bar-coded format, said terminals utilizing said account information for processing over a payment network and obtaining authorization of said financial transaction. - View Dependent Claims (2, 3)
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4. A method for conducting financial transactions comprising:
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providing payment cards having stored account information in bar-coded format; and
providing terminals equipped with at least one optical bar code reader for reading said account information in bar-coded format, said terminals utilizing said account information for processing over a payment network and obtaining authorization of said financial transaction. - View Dependent Claims (5, 6)
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Specification