Automated transaction system with insertable cards for...

G - Physics – 06 – K

Patent

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354/41

G06K 19/06 (2006.01)

Patent

CA 1335839

An automated transaction system includes a plurality of user cards each issued to a respective user and having a user card microprocessor and a memory incorporated therein for maintaining a history of user account transactions and a user account balance therein, each user card having data output means connected to the user card microprocessor. A plurality of master cards are provided each having master card microprocessor and a memory incorporated therein for maintaining a history of master account transactions and a master account balance therein, each master card having data output means connected to the microprocessor. A plurality of terminals are included, each having first receiving means for receiving any one of the plurality of user cards inserted therein and establishing a connection with the user card data output means, second receiving means for receiving one of the plurality of master cards inserted therein and establishing a connection with the master card data output means, operating means for performing a set of desired terminal functions, and first path means for establishing a data communication path between the user card microprocessor of a user card inserted in the first receiving means and the master card microprocessor of a master card inserted in the second receiving means of the terminal. The user cards and the master cards each have program means for performing an account transfer transaction between a user card and a master card inserted in a terminal wherein value from the account balance of one card is debited and the account balance of the other card is correspondingly credited. Transaction history recording means are provided for receiving a user card or a master card therein and producing a transaction history record of the account transactions stored in the card.

615942

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