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US 2003/0225623 A1Published application
Method and system for conducting transactions using a payment card with account information encoded in bar code
OwnerJohn Wankmuellerinventor
Life of this patent
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Abstract
A system for conducting financial transactions is provided comprising: payment cards having stored account information in bar-coded format; and terminals each equipped with at least one optical bar code reader for reading the account information in bar-coded format, the terminals utilizing the account information for processing over a payment network and authorizing the financial transaction.
Claims6
A system for conducting financial transactions comprising:
- payment cards having stored account information in bar-coded format;
- and
- terminals equipped with at least one optical bar code reader for reading said account information in bar-coded format, said terminals utilizing said account information for processing over a payment network and obtaining authorization of said financial transaction.
A method for conducting financial transactions comprising:
- providing payment cards having stored account information in bar-coded format;
- and
- providing terminals equipped with at least one optical bar code reader for reading said account information in bar-coded format, said terminals utilizing said account information for processing over a payment network and obtaining authorization of said financial transaction.
Dependencies are inferred from the claim text.