Financial transaction cards having tagging element capable of deactivation by application of personalizing data
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Nov 24, 1992
Grant Date -
N/A
app pub date -
Oct 12, 1990
filing date -
Oct 13, 1989
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A financial transaction card 2, such as a check guarantee and/or credit card includes a tagging element 4 of a high permeability, low coercivity magnetic material, such as Ni Fe. The tagging element 4 is arranged in magnetic communication with a magnetic stripe 10 of relatively hard magnetic material or in a region of the card 2 used to record identifying data, such as user details, so as to be deactivated when the user details are recorded on the card 2. The provision of the element 4 enables card blanks to be monitored by an electronic article surveillance system during manufacture or prior to issue.
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