Device and method for authorized funds transfer
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United States of America Patent
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May 21, 2002
Grant Date -
N/A
app pub date -
Jul 21, 1998
filing date -
Jul 21, 1998
priority date (Note) -
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status (Latency Note)
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Abstract
A secure funds device for use with a computer system, such as a personal computer, for transferring funds, in response to a funds transfer request for amounts of funds from the computer system, to a funds receiver. One or more electronic cash devices store electronic funds and transfer funds in response to funds transfer request when authorized by an authorization signal. A processor is used for connecting the funds transfer request from the computer system to the electronic cash device and for transferring electronic funds from the electronic cash device to the computer system when the authorization signal is present. User control means, including for example a pushbutton switch and an LCD display, that is not accessible by the computer system is used for providing the authorization signal. The secure funds device has a secure interface that prevents the computer system from generating the authorization signal. The present invention prevents a computer from making unauthorized transfers from a electronic cash device such as a smart card.
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