System for making payments for transactions
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United States of America Patent
Stats
-
Jun 16, 1987
Issued Date -
N/A
app pub date -
Oct 21, 1986
filing date -
Feb 23, 1983
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A transaction payment system including a central processing system. The central processing system has an account file including a file portion having stored therein data relating to the accounts of users and a file portion having stored therein data relating to the accounts of stores, and an outstanding transaction file for storing outstanding transaction data. The central processing system comprises a CPU for checking with the transaction data on the outstanding transaction file whether a predetermined period of indulgence has elapsed from the date of each transaction. The sum of transaction involving lapse of the indulgence period and included in the transaction data on the outstanding transaction file is withdrawn from the corresponding user account on the account file and stored in the corresponding store account thereon.
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