US Patent No: 5,420,405

Number of patents in Portfolio can not be more than 2000

Secure, automated transaction system that supports an electronic currency operating in mixed debit & credit modes

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ATTORNEY / AGENT: (SPONSORED)
 

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Abstract

This invention describes a combination of methods and apparatus that creates electronic money for personal transactions which integrates the functions of cash, checks and credit cards with constant surveilance against fraud. This money can also serve as an international medium-of-exchange, and support automated sales tax collections and payment. This money's support system is comprised of personal terminals, vendor terminals, an electronic banking sub-system, and homebase terminals. Such a system, if widely used, would increase commercial and personal productivity, provide better security against fraud and counterfeiting, facilitate the automation of operations that involve currency, and sharply diminish the flood of paper that threatens to inundate the present system.

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First Claim

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Patent Owner(s)

Patent OwnerAddressTotal Patents
CURSYS, INC. (NOW CURRENCY SCIENTIFIC INC.)MARBLEHEAD, MA1

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Chasek, Norman E 24 Briar Brae Rd., Stamford, CT 06903 14 762

Cited Art

Patent Info (Count) # Cites Year
 
PASS TECHNOLOGIES, INC. (2)
4,906,828 Electronic money purse and fund transfer system 153 1988
4,859,837 Portable data carrier incorporating manually presettable processing modes 119 1988
 
VISA INTERNATIONAL SERVICE ASSOCIATION (2)
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5,175,416 Funds transfer system 312 1991
 
DETHLOFF, JUERGEN (1)
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INTELLICARD INTERNATIONAL, INC. (1)
4,614,861 Unitary, self-contained card verification and validation system and method 492 1984
 
INTERNATIONAL BUSINESS MACHINES CORPORATION (1)
4,277,837 Personal portable terminal for financial transactions 276 1980
 
INTERNATIONAL SECURITY NOTE AND COMPUTER CORPORATION 33 AVENIDA FEDERICO BOYD, APARTADO 951 PANAMA CITY,PANAMA (1)
4,630,201 On-line and off-line transaction security system using a code generated from a transaction parameter and a random number 304 1984
 
MONEYFAX, INC. (1)
4,454,414 Funds transfer system using optically coupled, portable modules 393 1982
 
NCR CORPORATION (1)
4,689,478 System for handling transactions including a portable personal terminal 236 1984
 
SYNTONIC TECHNOLOGY, INC. (1)
4,303,904 Universally applicable, in-motion and automatic toll paying system using microwaves 229 1979

Patent Citation Ranking

Forward Cites

Patent Info (Count) # Cites Year
 
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8,165,956 Bill availability notification and billing information request 0 2011
 
HEWLETT-PACKARD COMPANY (16)
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6,061,665 System, method and article of manufacture for dynamic negotiation of a network payment framework 215 1997
 
TRANSACTION HOLDINGS LTD, L.L.C. (14)
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MICROSOFT CORPORATION (12)
5,852,812 Billing system for a network 444 1995
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MULTOS LIMITED (9)
7,689,826 Flexibly loading a tamper resistant module 3 2007
7,584,358 Tamper resistant module certification authority 3 2007
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CHECKFREE SERVICES CORPORATION (8)
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MONEYGRAM INTERNATIONAL, INC. (7)
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CYBERSOURCE CORPORATION (6)
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MONDEX INTERNATIONAL LIMITED (6)
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STEPNEXUS HOLDINGS, A CAYMAN ISLAND EXEMPTED LIMITED COMPANY (6)
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METAVANTE CORPORATION (5)
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HEWLETT-PACKARD DEVELOPMENT COMPANY, L.P. (4)
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PUMP-ON LLC (4)
6,991,160 Methods and systems for remote authorization of fuel dispensing 13 2003
7,163,146 Methods and systems for retail club membership authorization 4 2004
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AXALTO INC. (2)
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BANK OF AMERICA CORPORATION (2)
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STANDARD CHARTERED (CT) PLC (1)
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STEPNEXUS HOLDINGS (1)
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U.S. BANK NATIONAL ASSOCIATION, AS COLLATERAL TRUSTEE (1)
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6,385,595 Electronic statement presentment system 69 1999
 
YADAV-RANJAN, RANI K. (1)
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OTHER [CHECK PATENT PROFILE FOR ASSIGNMENT INFORMATION] (3)
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8,244,629 Method and apparatus for generating a bi-gram score in fraud risk analysis 1 2011