Smart card transaction system and encoder-dispenser

Details Smart card transaction system and encoder-dispenser Smart card transaction system and encoder-dispenser

G - Physics

06

K

G06K 19/077 (2006.01) G07F 11/00 (2006.01)

Patent

CA 2242792

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 carts 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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