Personal portable terminal for financial transactions
Modular funds transfer system
Funds transfer system using optically coupled, portable modules
IC card reader/writer apparatus
Apparatus for carrying out financial transactions via a facsimile machine Patent #: 4926325
ApplicationNo. 701821 filed on 05/17/1991
US Classes:235/379, Banking systems235/380Credit or identification card systems
ExaminersPrimary: Shepperd, John W.
Attorney, Agent or Firm
Foreign Patent References
International ClassesG06F 015/30
AbstractA method of transferring funds includes the steps of linking a first "smart card" to a first financial institution, debiting an account held at the financial institution and recording a corresponding credit value in the first smart card. The first smart card is then linked to a second, similar device, the credit value in the first device is reduced, and a corresponding credit value is recorded in the second device. The second device is then linked to a second financial institution, the credit value in the second device is reduced, and a corresponding credit value is recorded in an account held at the second financial institution. The first and second devices each store at least a portion of a program which is run in a synchronized interactive manner between the first devices. The invention extends to a system for implementing the method.