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US 2003/0111526 A1Published application
Electronic traveler's checks
OwnerDamon Eugene Smithinventor
Life of this patent
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Abstract
An electronic traveler's check system and method comprising an electronic travelers check card which is useable to retrieve money from point of service locations and banks. The system has a database of user information such as a pin number and the user's passport number which is used to verify the identity of the user before a transaction can take place.
Claims11
An electronic traveler's check system, comprising:
- a electronic traveler's check card having verification characteristics and a magnetic strip;
- a card reader having a keypad, magnetic strip reader and display;
- a server;
- a database connected to said server;
- a means for allowing communication between said card reader and said server;
- a means for verifying data from the card reader;
- and
- a means for verifying currency account data and electronically transferring money;
- wherein said card reader is connectable to said server.
6 more elements
A method of using an electronic travelers check system, comprising the following steps:
- a) presenting an electronic travelers check card and a passport to an appropriate bank or vender clerk;
- b) reading the electronic travelers check with a magnetic card reader;
- c) entering a user's passport number and personal identification number into said magnetic card reader;
- d) verifying said passport number and said personal identification number;
- e) verifying that sufficient funds are present in an account linked to said card.
2 more elements
9 The method of claim 8, further comprising the following steps:
- f) verifying that the picture on said passport matches said user of said card.
The method of claim 9, further comprising the following steps:
- g) generating a receipt;
- h) having the user sign the receipt;
- i) comparing said signature to the signature on the back of said travelers check card.
Dependencies are inferred from the claim text.