US4594663A
Expired / Lapsed
US
⏱️ 0.0 years remaining
Credit transaction processing system
Assignee: Omron Corp
•
Filing: 1983-07-08
•
Granted: 1986-06-10
•
Expires: 2003-07-08
Abstract
Abstract A credit transaction processing system processes data related to a commodity entered into by using a card (17) owned by a customer and a recording card (16) owned by a store. First, merchant transaction data necessary for a credit sale stored in the recording medium (16), such as account number data for the store, data specifying a credit company, and data representing an upper limit of an amount to to be sold through a credit sale, are read by a card reader (5), and then, customer transaction data stored in the customer's recording card, such as account number data of the customer, data specifying a credit company and an identification number or code is read. If and when the customer enters his identification number by a ten-key (7), a central processing unit (12) determines whether the entered identification number coincides with the identification number read out of the customer's card. If and when a coincidence occurs, it is determined whether data indicating the purchase price of the commodity purchased by the customer is lower than the upper limit of the amount to be sold through a credit sale. If so, the price data is transmitted to a center station (3) and the amount of the money required for the credit sale is transferred from the bank account of the credit company utilized by the customer to the bank account of the store.
Inventors
- 👤 Masanori Nagata
- 👤 Toshiaki Inoue
- 👤 Mamoru Hirayama
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-23 14:05
CPC Classifications
G; G07; G07F; G07F7/00; G07F7/08; G06; G06Q; G06Q20/00; G06Q20/08; G06Q20/10; G06Q20/105; G06Q20/20; G06Q20/202; G06Q20/204; G06Q20/38; G06Q20/40; G06Q20/403; G06Q20/4037; G07F19/00; G07F19/20; G07F19/201
Claims Analysis
Total Claims: 7
Claim 1
Independent Claim
190 words
A credit transaction processing system comprising: a credit authorization terminal having a card receiving means; a first card adapted to be insertable into said card receiving means; first recording medium means provided on said first card for storing merchant transaction data, said merchant transaction data including data indicating a maximum permitted amount of credit purchase and a plurality of account numbers respectively identifying merchant accounts into which funds may be electronically transferred; a second card adapted to be insertable into said card receiving means; second recording medium means provided on said second card for storing customer transaction data; keypad means provided on said credit authorization terminal for inputting numeric data; reader means provided in said credit authorization terminal for reading said merchant transaction data from said first card when said first card is inserted in said receiving means and for reading said customer transaction data from said second card when said second card is inserted in said receiving means; processing means, responsively connected to said keypad means and said reader means, for determining whether said numeric data satisfies a predetermined relationship with one of said merchant and customer transaction data.
Claim 2
Dependent Claim
190 words
A credit transaction processing system comprising: a credit authorization terminal having a card receiving means; a first card adapted to be insertable into said card receiving means; first recording medium means provided on said first card for storing merchant transaction data, said merchant transaction data including data indicating a maximum permitted amount of credit purchase and a plurality of account numbers respectively identifying merchant accounts into which funds may be electronically transferred; a second card adapted to be insertable into said card receiving means; second recording medium means provided on said second card for storing customer transaction data; keypad means provided on said credit authorization terminal for inputting numeric data; reader means provided in said credit authorization terminal for reading said merchant transaction data from said first card when said first card is inserted in said receiving means and for reading said customer transaction data from said second card when said second card is inserted in said receiving means; processing means, responsively connected to said keypad means and said reader means, for determining whether said numeric data satisfies a predetermined relationship with one of said merchant and customer transaction data.
Claim 3
Dependent Claim
43 words
A credit transaction processing system in accordance with claim 1, wherein said numeric data includes data indicating a requested amount of a credit purchase, and wherein said processing means includes means for inhibiting data processing when the requested amount exceeds the maximum amount.
Claim 4
Dependent Claim
29 words
A credit transaction processing system in accordance with claim 1, wherein said processing means includes means for authorizing an electronic fund transfer to a selected one of said accounts.
Claim 5
Dependent Claim
44 words
A credit transaction processing system in accordance with claim 1, wherein said processing means is further for formatting selected portions of said numeric data, customer transaction data, and merchant transaction data into formatted data and for transmitting said formatted data to a remote location.
Claim 6
Independent Claim
164 words
A method of processing transaction data comprising the steps of: (a) reading merchant transaction data in a credit authorization terminal from a first recording medium provided on a first card, said merchant transaction data including data indicating a maximum permitted amount of credit purchase and a plurality of account numbers respectively identifying merchant accounts into which funds may be electronically transferred; (b) reading customer transaction data in said credit authorization terminal from a second recording medium provided on a second card; (c) obtaining numeric data from a keypad data entry device; (d) after said steps (a), (b) and (c), determining whether said numeric data satisfies a predetermined relationship with one of said merchant transaction data and said customer transaction data, including determining whether said amount of requested credit is less than said maximum credit limit; and (e) formatting selected portions of said numeric data, merchant transaction data, and customer transaction data, to generate formatted data, and transmitting said formatted data to a remote location.
Claim 7
Independent Claim
164 words
A method of processing transaction data comprising the steps of: (a) reading merchant transaction data in a credit authorization terminal from a first recording medium provided on a first card, said merchant transaction data including data indicating a maximum permitted amount of credit purchase and a plurality of account numbers respectively identifying merchant accounts into which funds may be electronically transferred; (b) reading customer transaction data in said credit authorization terminal from a second recording medium provided on a second card; (c) obtaining numeric data from a keypad data entry device; (d) after said steps (a), (b) and (c), determining whether said numeric data satisfies a predetermined relationship with one of said merchant transaction data and said customer transaction data, including determining whether said amount of requested credit is less than said maximum credit limit; and (e) formatting selected portions of said numeric data, merchant transaction data, and customer transaction data, to generate formatted data, and transmitting said formatted data to a remote location.
References Cited (Backward Citations)
US4055746A
Cited
US4091448A
Cited
GB2011671A
Cited
US4172552A
Cited
US4271351A
Cited
US4359630A
Cited
GB2083259A
Cited
US4472626A
Cited
US4395626A
Cited
US4485300A
Cited
USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 1989-06-09 | 1989-12-09 | 1990-06-10 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 1993-06-09 | 1993-12-09 | 1994-06-10 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 1997-06-09 | 1997-12-09 | 1998-06-10 | $7700.00 | Window Closed / Lapsed |