Credit card, smart card and bank issued debit card operated system and method for processing electronic transactions
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Sep 19, 2000
Issued Date -
N/A
app pub date -
Dec 30, 1996
filing date -
Jan 31, 1995
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A vending control system and method for interfacing a control device to a vending machine having input/output control lines along which are transmitted control signals for controlling the operation of the vending machine. The control device includes, means for connecting to the control lines of the vending machine, means for reading the control signal, means for determining operational responses/outputs of the vending machine which correspond to the control signals, means for storing the control signals and information concerning the operational responses and means for reading the stored information to control the vending machine. Control and monitoring of vending transactions comprises means for reading magnetically stored information from a magnetic card, means for obtaining an approved code for a specified authorization amount for a transaction, means for storing the approval code, means for operating the vending machine without exceeding the authorization amount and means for storing transaction information.
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