System and method for the electronic storage and transmission of financial transactions

• US 6,431,439 B1
• Filed: 07/23/1998
• Issued: 08/13/2002
• Est. Priority Date: 07/24/1997
• Status: Expired due to Fees

• Current Assignee: Personal Solution, Inc.
• Original Assignee: Personal Solution, Inc.
• Inventors: Suer, Myles P., Sommers, David, Stanley, Howard
• Primary Examiner(s): Lee, Michael G
• Application Number:
  US09/121,252
• Time in Patent Office: 1,482 Days
• Field of Search: 235/380, 235/379, 235/382, 235/383, 235/385, 235/472.01, 235/472.02, 235/487, 902/3, 902/5, 902/18, 902/30
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/047 using payment protocols involving electronic receipts
• CPC Class Codes: G06Q 20/3415 Cards acting autonomously as pay-media
• CPC Class Codes: G06Q 20/389 Keeping log of transactions for guaranteeing non-repudiation of a transaction
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

An information storage and transmission device which captures handwritten and digital data relating to various financial transactions and stores the information when the transactions are made. The device can then wirelessly transmit this information to different terminal units, such as host PCs, ATMs, or terminal units used for point-of-sale transactions in order to facilitate the financial transaction and help a user track his financial transactions in an easier manner.

Claims

1. A device for storing and communicating data about a financial transaction, comprising:

means for receiving numberical information about a financial transaction input by a user;

means for capturing an image of alphabetic data relating to the financial transaction written on a writing surface associated with the device;

means for storing the image and the information about the financial transaction in a transaction record;

means for communicating the transaction record to a computer system, said means comprising an infrared communications system, said infrared communications system further comprising a transmit light emitting diode for transmitting the transaction record from the device to the computer system and a receive photodiode for receiving data from the computer system; and

further comprising a counter in the device for determining a next number for a next financial transaction.

2. A system for storing data about a financial transaction, comprising:

a device, comprising means for receiving numerical information about a financial transaction input by a users means for capturing an image of alphabetic data relating to the financial transaction written on a writing surface associated with the device, means for storing the image and the information about the financial transaction in a transaction record;

a computer system comprising means for receiving the transaction record from the device and means for generating a summary of the financial transaction of the user based on the transaction record received from the device; and

said device further comprises an infrared communications system for communicating the transaction record to said computer system said infrared communications system comprising a transmit light emitting diode for transmitting the transaction record from the device to the computer system and a receive photodiode for receiving data from the computer system, and further comprising a counter in the device for determining the next number for a next financial transaction.

3. A method for storing data about a financial transaction, comprising:

receiving numerical information about a financial transaction input by a user;

capturing an image of alphabetic data relating to the financial transaction written on a writing surface associated with a device;

storing the image and the information about the financial transaction in a transaction record;

receiving the transaction record from the device at a computer system; and

generating a summary of the financial transaction of the user based on the transaction record received from said device, said device comprises using an infrared communications system for communicating the transaction record to the computer system, said infrared communications system comprising using a transmit light emitting diode for transmitting the transaction record from the device to the computer system and a receive photodiode for receiving data from the computer system, and wherein said device further comprises using a counter in the device for determining a next number for a next financial transaction.

4. A method of claim 3, wherein the computer system comprises one of a personal computer, an automatic teller machine and a point of sale terminal.

5. The method of claim 4, wherein further comprises storing data about one or more financial transactions, reconciling the financial transactions, synchronizing the data between the device and the computer system, electronically paying a bill, and generating a report of the financial transaction.