System and processes for dispensing value to cardholder in response to an authorization over an electric data network
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Apr 27, 2010
Grant Date -
N/A
app pub date -
Feb 10, 2001
filing date -
Feb 10, 2000
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
An insurance payment distribution system is disclosed for distributing data representative of money from a central station to selected individuals to be used at selected locations. The system includes a plurality of distribution payment cards and a remote card processing unit. The distribution payment cards are useable at the selected locations. Each payment card is capable of receiving information representative of a certain amount of money, and is capable of receiving information representative of permitted locations at which the each card may be used. The remote card processing unit is in communication with a computer network including a central computer system. The remote card processing unit is for modifying the information receivable on the cards responsive to information received via the computer network.
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