Two-way authentication system between user's smart card and issuer-specific plug-in application modules in multi-issued transaction device
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
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Jul 30, 1991
Grant Date -
N/A
app pub date -
May 16, 1990
filing date -
May 16, 1990
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A transaction terminal for use with diverse credit or other transaction cards is provided with an interface unit for receiving a plurality of modules, wherein each module contains programming information corresponding to transactions that may be carried out with at least one of the diverse identification cards presented to the machine. Accordingly, financial institutions who issue cards can independently arrange and program their own security and transaction routines which are to be carried out with the cards and distribute such routines in a secure manner for use on a common terminal.
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