Smart card system and method for transferring value
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United States of America Patent
Stats
-
Aug 10, 1999
Grant Date -
N/A
app pub date -
Oct 2, 1997
filing date -
Oct 2, 1997
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A stored value system and method comprising a central server apparatus (10), one or more value added terminals (12), and one or more money-activated machines (14). The value added terminal (12) is designed to read smart cards (16) and to add cash value to the cards upon customer (18) input of an appropriate authorization code (22). The money-activated machine (14) is designed to read smart cards, and reprogram them by deducting a cash value amount corresponding to the customer's use of the machines. The central server apparatus (10) receives calls from customers requesting an authorization code for use with a value added terminal, and in response thereto, verifies funds in a pre-established customer account and provides an active authorization code.
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