CA2308161A1 - Ecomcard - Google Patents
Ecomcard Download PDFInfo
- Publication number
- CA2308161A1 CA2308161A1 CA 2308161 CA2308161A CA2308161A1 CA 2308161 A1 CA2308161 A1 CA 2308161A1 CA 2308161 CA2308161 CA 2308161 CA 2308161 A CA2308161 A CA 2308161A CA 2308161 A1 CA2308161 A1 CA 2308161A1
- Authority
- CA
- Canada
- Prior art keywords
- card
- digit number
- credit
- issuer
- bearer
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
- Abandoned
Links
Classifications
-
- G—PHYSICS
- G07—CHECKING-DEVICES
- G07F—COIN-FREED OR LIKE APPARATUS
- G07F7/00—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
- G07F7/02—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by keys or other credit registering devices
-
- G—PHYSICS
- G06—COMPUTING OR CALCULATING; COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/02—Payment architectures, schemes or protocols involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
-
- G—PHYSICS
- G06—COMPUTING OR CALCULATING; COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/04—Payment circuits
-
- G—PHYSICS
- G06—COMPUTING OR CALCULATING; COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/08—Payment architectures
- G06Q20/12—Payment architectures specially adapted for electronic shopping systems
-
- G—PHYSICS
- G06—COMPUTING OR CALCULATING; COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/22—Payment schemes or models
- G06Q20/28—Pre-payment schemes, e.g. "pay before"
-
- G—PHYSICS
- G06—COMPUTING OR CALCULATING; COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q20/00—Payment architectures, schemes or protocols
- G06Q20/30—Payment architectures, schemes or protocols characterised by the use of specific devices or networks
- G06Q20/34—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using cards, e.g. integrated circuit [IC] cards or magnetic cards
- G06Q20/343—Cards including a counter
- G06Q20/3437—Cards including a counter the counter having non-monetary units, e.g. trips
-
- G—PHYSICS
- G06—COMPUTING OR CALCULATING; COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q30/00—Commerce
- G06Q30/06—Buying, selling or leasing transactions
-
- G—PHYSICS
- G07—CHECKING-DEVICES
- G07F—COIN-FREED OR LIKE APPARATUS
- G07F7/00—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus
- G07F7/08—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means
- G07F7/0866—Mechanisms actuated by objects other than coins to free or to actuate vending, hiring, coin or paper currency dispensing or refunding apparatus by coded identity card or credit card or other personal identification means by active credit-cards adapted therefor
Landscapes
- Business, Economics & Management (AREA)
- Engineering & Computer Science (AREA)
- Accounting & Taxation (AREA)
- Physics & Mathematics (AREA)
- General Physics & Mathematics (AREA)
- Strategic Management (AREA)
- General Business, Economics & Management (AREA)
- Theoretical Computer Science (AREA)
- Finance (AREA)
- Development Economics (AREA)
- Economics (AREA)
- Marketing (AREA)
- Computer Security & Cryptography (AREA)
- Microelectronics & Electronic Packaging (AREA)
- Computer Networks & Wireless Communication (AREA)
- Credit Cards Or The Like (AREA)
Abstract
A method and apparatus for the transmission of monetary value and payment of debts, comprised of a card upon which has imprinted upon its front the name of the issuer and a multiple digit number and which stores the quantum of money with which the bearer of the card has pre-purchased from the issuer on an electronic strip on the obverse side and which is debited when the card is either run through a machine "reader" or when the multiple-digit number is given to a creditor of the bearer orally or in writing.
The card may be any size and thickness and the multiple-digit number may be any length, but the utility of the apparatus will be greatest when it resembles the dimensions of a credit card, namely 2" height by 3" width by 1/8" thickness.
The card may be any size and thickness and the multiple-digit number may be any length, but the utility of the apparatus will be greatest when it resembles the dimensions of a credit card, namely 2" height by 3" width by 1/8" thickness.
Description
SPECIFICATION
Title: EcomCard Field: The invention consists of a card upon which money can be stored and deducted electronically.
Background: The invention overcomes the risks to purchasers of goods and services associated W ith the provision of credit card numbers to vendors on the Internet or over the telephone by confining the transfer of monetary value to such vendors of the card to the limit already electronically stored upon the card.
The invention also overcomes the risk to credit-granting institutions associated with the issuance of credit cards wherein credit is extended but the institution is subsequently unable to collect payment for the credit it has granted. Finally, the invention extends the convenience of electronic commerce to those unable or unwilling to obtain credit cards, by negating the need for personal user information of credit checks.
The card is not rechargeable.
The invention uses prior art consisting of a wallet-sized plastic card bearing an electronic strip, which is credited and debited by an electronic reader.
Statement of Invention: The invention is a card upon which money is stored electronically and which is both credited and debited electronically.
Description of Preferred Embodiments:
The invention requires:
a plastic card of any size, though the size of a credit card is preferred (namely 2"high x 3" wide x 1 /8" or less thickness) a magnetic strip on the obverse side of the card upon which monetary value and the identity of the cardholder can be electronically recorded and read a machine which reads the information encoded in the magnetic strip Items (a), (b), and (c) utilize prior art.
Title: EcomCard Field: The invention consists of a card upon which money can be stored and deducted electronically.
Background: The invention overcomes the risks to purchasers of goods and services associated W ith the provision of credit card numbers to vendors on the Internet or over the telephone by confining the transfer of monetary value to such vendors of the card to the limit already electronically stored upon the card.
The invention also overcomes the risk to credit-granting institutions associated with the issuance of credit cards wherein credit is extended but the institution is subsequently unable to collect payment for the credit it has granted. Finally, the invention extends the convenience of electronic commerce to those unable or unwilling to obtain credit cards, by negating the need for personal user information of credit checks.
The card is not rechargeable.
The invention uses prior art consisting of a wallet-sized plastic card bearing an electronic strip, which is credited and debited by an electronic reader.
Statement of Invention: The invention is a card upon which money is stored electronically and which is both credited and debited electronically.
Description of Preferred Embodiments:
The invention requires:
a plastic card of any size, though the size of a credit card is preferred (namely 2"high x 3" wide x 1 /8" or less thickness) a magnetic strip on the obverse side of the card upon which monetary value and the identity of the cardholder can be electronically recorded and read a machine which reads the information encoded in the magnetic strip Items (a), (b), and (c) utilize prior art.
Claims
CLAIMS:
The inventor claims an exclusive property or privilege in the electronic crediting and debiting of monetary value on a card, without the need for personal user information or credit checks. The card number is deleted from the system when the funds thereon have been depleted.
The inventor claims an exclusive property or privilege in the electronic crediting and debiting of monetary value on a card, without the need for personal user information or credit checks. The card number is deleted from the system when the funds thereon have been depleted.
Priority Applications (3)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| CA 2308161 CA2308161A1 (en) | 2000-05-11 | 2000-05-11 | Ecomcard |
| CA002325095A CA2325095A1 (en) | 2000-05-11 | 2000-11-03 | Method and apparatus for transmission of monetary value and the payment of debts |
| US09/853,299 US20020040925A1 (en) | 2000-05-11 | 2001-05-11 | Method and apparatus for transmission of monetary value and the payment of debts |
Applications Claiming Priority (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| CA 2308161 CA2308161A1 (en) | 2000-05-11 | 2000-05-11 | Ecomcard |
Publications (1)
| Publication Number | Publication Date |
|---|---|
| CA2308161A1 true CA2308161A1 (en) | 2001-11-11 |
Family
ID=4166142
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| CA 2308161 Abandoned CA2308161A1 (en) | 2000-05-11 | 2000-05-11 | Ecomcard |
Country Status (1)
| Country | Link |
|---|---|
| CA (1) | CA2308161A1 (en) |
-
2000
- 2000-05-11 CA CA 2308161 patent/CA2308161A1/en not_active Abandoned
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Legal Events
| Date | Code | Title | Description |
|---|---|---|---|
| FZDE | Dead |