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GB2397424A - Radio electronic money transfer system - Google Patents

Radio electronic money transfer system Download PDF

Info

Publication number
GB2397424A
GB2397424A GB0302372A GB0302372A GB2397424A GB 2397424 A GB2397424 A GB 2397424A GB 0302372 A GB0302372 A GB 0302372A GB 0302372 A GB0302372 A GB 0302372A GB 2397424 A GB2397424 A GB 2397424A
Authority
GB
United Kingdom
Prior art keywords
money transfer
transfer system
electronic money
electronic
card
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.)
Withdrawn
Application number
GB0302372A
Other versions
GB0302372D0 (en
Inventor
Jonathan Richard Swift
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Individual
Original Assignee
Individual
Priority date (The priority date 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 date listed.)
Filing date
Publication date
Application filed by Individual filed Critical Individual
Publication of GB0302372D0 publication Critical patent/GB0302372D0/en
Publication of GB2397424A publication Critical patent/GB2397424A/en
Withdrawn legal-status Critical Current

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
    • G07F7/08—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
    • G07F7/10—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 together with a coded signal, e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
    • G07F7/1008—Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
    • 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
    • G06Q20/30—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
    • G06Q20/341—Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
    • 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
    • G06Q20/36—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes
    • G06Q20/363—Payment architectures, schemes or protocols characterised by the use of specific devices or networks using electronic wallets or electronic money safes with the personal data of a user
    • 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
    • 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
    • G07F7/0873—Details of the card reader
    • G07F7/088—Details of the card reader the card reader being part of the point of sale [POS] terminal or electronic cash register [ECR] itself
    • G07F7/0886—Details of the card reader the card reader being part of the point of sale [POS] terminal or electronic cash register [ECR] itself the card reader being portable for interacting with a POS or ECR in realizing a payment transaction

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Physics & Mathematics (AREA)
  • General Physics & Mathematics (AREA)
  • Accounting & Taxation (AREA)
  • Strategic Management (AREA)
  • General Business, Economics & Management (AREA)
  • Theoretical Computer Science (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Microelectronics & Electronic Packaging (AREA)
  • Finance (AREA)
  • Control Of Vending Devices And Auxiliary Devices For Vending Devices (AREA)

Abstract

An electronic money transfer system comprising a radio transmitter 1 with very short range, a micro-processor 2, a key pad or switch data entry system 3 and a radio receiver 4. The device may come in the form of a calculator, device worn on a wrist band , ring or pendant. Or it may be incorporated into any other electronic equipment. In addition there being a removeable or permanent memory card 5, and an electronically sensative screen 6 onto which a signature may be written for identification purposes or to be sent to other similar machines in the course of transactions.

Description

\ 2397424
RADIO ELECTRONIC MONEY TRANSFER SYSTEM
This invention relates to an electronic radio money transfer system.
Some years ago, back in about 1986, I wrote to Barclays Bank and suggested that we had a " CASHLESS SOCIETY " based upon the wider use of credit cards etc. With regret this has not come to pass even so there may now be the opportunity for another go at this idea with this invention should the financial According to the present invention there is a very short range radio transmitter ( having only the range of a few yards) unit 1 connected to a micro-processor 2, this being linked to a radio receiver 4 and there also being an operating switch or key pad entry system 3.
When the user goes to say an ATM equiped with a version of this device by pressing certain keys on the key pad the user may access his account to check his balance and then perhaps draw some funds out by activating some keys on the key pad to effect an electronic money transfer by short range radio. The amount of money transfered being held in the micro-processors memory. Later then the user may make a purchase in a shop ate again activating certain keys on the key pad and having the unit electronically send funds to the version of the same machine that the shop has.
The advantage of this system over a credit or debit card is that 2 users could exchange funds between their two units with no swipe card system being needed. A further advantage is that to top up with funds you would not need an expensive conventional ATM machine just an inexpensive banks version of this device.
There may also be a removeable or permanent memory card 5 where details of the amount held by the machine may be kept with no battery power being required to hold this information.
Then there may be a credit card sized electronically sensative screen 6 onto which a signature may be written which may then be transferee to other similar devices to confirm a transaction.

Claims (16)

1. An inexpensive short range radio and micro-processor money transfer system.
2. An electronic money transfer system as claimed in claim 1 wherein it may be made in the form of a calculator device, worn on a wrist band, keyring fob, ring, pendant, pen or wristwatch.
3. An electronic money transfer system as claimed in claim 1 or 2 wherein it may use special numerical / electronic codes to protect the system from fraudulent use.
4. An electronic money transfer system as claimed in claims 1-3 wherein it may be powered by small batteries and may have solar panels on it to recharge these and otherwise as substantially as described herein with reference to figure 1 of the accompanying drawing.
5. An electronic money transfer system as claimed in claims 1-4 wherein retailers may have a version of this device incorporated into their electronic till which acknowledges transactions made by light or other indicator signal and is able to print out a receipt for the amount of the transaction.
6. An electronic money transfer system as claimed in claims 1-5 wherein it may be fitted to vehicles so that bridge tolls etc may be paid on the move.
7. An electronic money transfer system as claimed in claims 1-6 wherein it may be able to electronically convert various currency values.
8. An electronic money transfer system as claimed in claims 1-7 wherein it may have a low battery power warning indicator on its LCD display screen if so fitted and may have a separate battery to retain the amount held in the units memory even if its other battery runs out of power. r
9. n electronic money transfer system as claimed in claims 1-8 wherein it may have an account number and / or a pin number so that it may be used like a credit or debit card for some transactions.
10. An electronic money transfer system as claimed in claims 1-9 wherein it may be incorporated into a vending machine or into any other kind of electronic equipment.
11. An electronic money transfer system as claimed in claims 1-10 wherein it may be injected into the human body or otherwise implanted into the human body where its contents may be read, credited or debited by other electronic money transfer devices again there being some kind of indicator signal denoting the transaction.
12. An electronic money transfer system as claimed in claims 1-11 wherein it may have a credit card sized electronically sensative screen attached to it ( permanently or removeable) so that a signature may be written on to it and that this electronic signature may be transferee to other such devices by radio electronic means.
13. An electronic money transfer system as claimed in claims 1-12 wherein it may operate by way of voice activation in place of its keypad data entry system and that it may be able to give out data from its memory by way of spoken sounds from the device by incorporating a digital electronic voice.
14. An electronic money transfer system as claimed in claims 1-13 wherein it may have a removeable or permanent memory card enabling details to be stored upon it without the need for constant battery power to retain those details. The information being put onto this card by electro- magnetic or other means.
15. An electronic money transfer system as claimed in claims 1-14 wherein it may be able to be connected to a computer and / or to the telephone network.
16. An electronic money transfer system as claimed in claims 1-15 wherein it may be able to store a limited amount of other electronic information such as personal identity details and / or driving license information.
GB0302372A 2003-01-14 2003-02-03 Radio electronic money transfer system Withdrawn GB2397424A (en)

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
GB0300770A GB0300770D0 (en) 2003-01-14 2003-01-14 Radio electronic money transfer system

Publications (2)

Publication Number Publication Date
GB0302372D0 GB0302372D0 (en) 2003-03-05
GB2397424A true GB2397424A (en) 2004-07-21

Family

ID=9951094

Family Applications (3)

Application Number Title Priority Date Filing Date
GB0300770A Ceased GB0300770D0 (en) 2003-01-14 2003-01-14 Radio electronic money transfer system
GB0302372A Withdrawn GB2397424A (en) 2003-01-14 2003-02-03 Radio electronic money transfer system
GB0302728A Ceased GB0302728D0 (en) 2003-01-14 2003-02-04 Radio electronic money transfer system

Family Applications Before (1)

Application Number Title Priority Date Filing Date
GB0300770A Ceased GB0300770D0 (en) 2003-01-14 2003-01-14 Radio electronic money transfer system

Family Applications After (1)

Application Number Title Priority Date Filing Date
GB0302728A Ceased GB0302728D0 (en) 2003-01-14 2003-02-04 Radio electronic money transfer system

Country Status (1)

Country Link
GB (3) GB0300770D0 (en)

Cited By (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2014141158A1 (en) * 2013-03-14 2014-09-18 Ologn Technologies Ag Methods, apparatuses and systems for providing user authentication

Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5748737A (en) * 1994-11-14 1998-05-05 Daggar; Robert N. Multimedia electronic wallet with generic card
EP0965938A2 (en) * 1998-06-19 1999-12-22 NCR International, Inc. Portable communication device
GB2347255A (en) * 1999-02-22 2000-08-30 Ericsson Telefon Ab L M Method of loading a cash card using a mobile phone
EP1041520A2 (en) * 1999-03-29 2000-10-04 Nokia Mobile Phones Ltd. Transfer of electronic money
GB2362237A (en) * 2000-05-12 2001-11-14 Graeme Roy Smith Modular personal digital assistant
GB2372865A (en) * 2001-03-02 2002-09-04 Nokia Mobile Phones Ltd Electronic transactions

Patent Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5748737A (en) * 1994-11-14 1998-05-05 Daggar; Robert N. Multimedia electronic wallet with generic card
EP0965938A2 (en) * 1998-06-19 1999-12-22 NCR International, Inc. Portable communication device
GB2347255A (en) * 1999-02-22 2000-08-30 Ericsson Telefon Ab L M Method of loading a cash card using a mobile phone
EP1041520A2 (en) * 1999-03-29 2000-10-04 Nokia Mobile Phones Ltd. Transfer of electronic money
GB2362237A (en) * 2000-05-12 2001-11-14 Graeme Roy Smith Modular personal digital assistant
GB2372865A (en) * 2001-03-02 2002-09-04 Nokia Mobile Phones Ltd Electronic transactions

Cited By (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2014141158A1 (en) * 2013-03-14 2014-09-18 Ologn Technologies Ag Methods, apparatuses and systems for providing user authentication
US9699159B2 (en) 2013-03-14 2017-07-04 Ologn Technologies Ag Methods, apparatuses and systems for providing user authentication
US10057235B2 (en) 2013-03-14 2018-08-21 Ologn Technologies Ag Methods apparatuses and systems for providing user authentication
US10560444B2 (en) 2013-03-14 2020-02-11 Ologn Technologies Ag Methods, apparatuses and systems for providing user authentication

Also Published As

Publication number Publication date
GB0302372D0 (en) 2003-03-05
GB0302728D0 (en) 2003-03-12
GB0300770D0 (en) 2003-02-12

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Legal Events

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WAP Application withdrawn, taken to be withdrawn or refused ** after publication under section 16(1)