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US 2013/0097082 A1Published application
Electronic Credit Card-ECC
OwnerYong Kin (Michael) Onginventor
Life of this patent
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Abstract
An Electronic Credit Card (ECC) including a user verifier for verifying a user's identity, a code generator for generating a unique authorization code for the user, storage of the user's account details for use in an electronic funds transfer, and a communicator for non-visual communication of the account details and the authorization code to a transaction station.
Claims3
A method of conducting an electronic funds transfer transaction which comprises:
- receiving an input from a user from another device;
- verifying the identity of the user from the input;
- generating a unique transaction identifier when the user's identity is verified;
- and
- communicating the unique transaction identifier and the user's account details stored in the other device and electronic credit card from the other device and electronic credit card to a transaction station.
2 more elements
A method of conducting an electronic funds transfer transaction which comprises:
- verification of a stored financial limit available to the user via a link to a remote site system to prevent the electronic credit card from generating further transactions once the financial limit is reached, wherein the funds limiting function can optionally be activated by either a financial institution issuing the electronic credit card or by the user.
Dependencies are inferred from the claim text.