Facility and method for cellular data communication between merchants and credit processing agencies
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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N/A
Issued Date -
Jul 11, 2002
app pub date -
Jan 10, 2001
filing date -
Jan 10, 2001
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A wireless financial transaction verification facility has a transaction information terminal for scanning credit cards and entering a purchase price, and communicates information in a first electronic format. A converter is connected to the terminal and operates to convert the information to a second format transmissible by a digital cellular network. A wireless communication device is connected to the converter, and operates to communicate with the network in the second format. At a central financial agency, a similar converter may convert the information from the digital wireless transmissible format to a different format. Reply communication with approval or other information may proceed by the same means.
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