Smart card transaction system and encoder-dispenser
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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-
Oct 10, 2000
Issued Date -
N/A
app pub date -
Jun 22, 1998
filing date -
Dec 20, 1995
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
The disclosed apparatus is a stand alone integrated smart card circuit chip card vending machine. It accepts bills in $1, $5, $10, $20 and $50 denominations and/or credit cards and issues stored value smart cards for the value requested. It can also telephone a center to validate credit card transactions or send diagnostic and statistical reports. This invention has the capability to read and write to a card while it is in the dispenser stack, therefore the card has no value while in the dispenser and is not released until payment is received, that is, the cards are encoded in real time before they are issued.
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