Importance

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Abstract

A transaction card includes at least two read-only magnetically encoded stripes encoding different data in accordance with standard data encryption protocols readable by conventional transaction card reading systems. The stripes are on opposite sides of the card adjacent the same edge of the card. In accordance with one embodiment, superimposed upon the card are two sets of printed indicia including, for example, the transaction card number, the expiration date and the name of the card user. The indicia may be placed on the same side of the card or on opposite sides of the card. In this way, magnetically encoded information on the same transaction card may be segregated at the point of sale. The transaction card is readable by standard, existing readers and the information is processed for invoicing by standard processing systems to preferably generate a single statement with two groups of charges, one relating to each magnetically encoded stripe.

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First Claim