Cash replacement system and components
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Jun 2, 1981
Grant Date -
N/A
app pub date -
Aug 17, 1979
filing date -
Aug 17, 1979
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A cash replacement system using consumable transaction cards, each card comprising a body portion bearing multi-digit magnetically recorded validation and identification codes and a transaction portion divided into a plurality of transaction segments bearing the identification code and a denomination code, both magnetically recorded. A card reader senses the validation code and severs one transaction segment from the card for each transaction after checking the denomination and assuring presence of the required segment. Printed indicia on each card enable the user to determine the number and denomination of possible remaining transactions.
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