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Credit card application automation system

A technology for credit cards and application information, applied in the field of automated systems, can solve problems such as inability to process

Inactive Publication Date: 2005-02-23
INT BUSINESS MASCH CORP
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

It also conveniently links all cards to a single company, however, in doing so, cannot process cards already held by the user
The system would also result in the issuance of more physical cards

Method used

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  • Credit card application automation system
  • Credit card application automation system
  • Credit card application automation system

Examples

Experimental program
Comparison scheme
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Embodiment Construction

[0025] Now, referring to the accompanying drawings, especially figure 1 , an embodiment 10 of a universal credit card system constructed according to the present invention is described. Universal credit card system 10 generally includes a portable credit card access device 12 and a rewritable credit card 14 . It will be explained below that the credit card access device 12 has a credit card read / write function and an authentication function. The rewritable credit card 14 is preferably the same size and shape as a conventional credit card, constructed of a polymer substrate, and includes a magnetic strip 16 or other machine readable / writable medium.

[0026] figure 2 Elements of the credit card access device 12 are shown. In the illustrated embodiment, the credit card access device 12 includes: a microprocessor or microcontroller 20, which is used to execute program instructions; an electrically erasable programmable read-only memory (EEPROM) 22, which is used to store info...

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PUM

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Abstract

A universal credit card system utilizes a portable card access device which stores information associated with multiple bank card accounts, electronically authenticates a user of the bank card accounts, allows the user to select a particular one of the bank card accounts for usage, and then magnetically encodes the selected bank card account information on a separate card substrate (a 'universal' credit card) and releasing the card for use. Bank card account information can be stored by inserting an existing bank card into the access device and reading the existing bank card, by manually entering the information using a keypad, or by downloading the information from a computer directly to the card access device. Authentication may be performed using an optical fingerprint scanner. After use, the universal credit card is re-inserted into the card access device and the previously selected bank card account information is erased. The universal credit card system may advantageously be used in conjunction with a credit card application automation system which can issue a new bank card with practically no wait time. The user enters application information into a local computer, which transmits the user application information to a host server via the Internet. Once approved, the host server sends new bank card account information to the local computer, and the local computer can immediately download the information into the card access device, which then generates a universal credit card having the new bank card account information.

Description

technical field [0001] This invention relates to credit or debit cards (bank cards), and more particularly to methods and systems for reducing the number of physical bank cards an individual needs to carry in order to access multiple different credit card accounts, and for Automated system for online application and issuance of bank cards. Background technique [0002] Credit cards and credit card users have increased rapidly in recent years. Not only are there more credit card companies, but it's also generally easier to get a credit card. In addition to popular credit cards such as AmericanExpress TM 、Visa TM 、MasterCard TM and Discover TM , and now there are a variety of special credit cards available, such as gas station credit cards (gas-station credit cards), meal cards, vending cards (grocerycard) and so on. Many people even have multiple accounts with one or more of these credit card companies, and people often have both personal and business credit cards. In ...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G07F7/08G07F7/10
CPCG07F7/0886G06Q20/355G06Q40/025G06Q20/40G06K19/0719G06Q20/341G07F7/1008G06Q40/03
Inventor 安莫尔·N·马塔达
Owner INT BUSINESS MASCH CORP