초록 ▼

A cash replacement system using consumable transaction cards, each card comprising a body portion bearing multi-digit magnetically recorded validation and identification codes and a transaction portion divided into a plurality of transaction segments bearing the identification code and a denominatio

A cash replacement system using consumable transaction cards, each card comprising a body portion bearing multi-digit magnetically recorded validation and identification codes and a transaction portion divided into a plurality of transaction segments bearing the identification code and a denomination code, both magnetically recorded. A card reader senses the validation code and severs one transaction segment from the card for each transaction after checking the denomination and assuring presence of the required segment. Printed indicia on each card enable the user to determine the number and denomination of possible remaining transactions.

대표청구항 ▼

A card reader for a cash replacement system utilizing consumable transaction cards, each card including a body portion bearing machine readable identification and validity codes and a pluraity o sequentially severable transaction segments each bearing the identification code, the card reader compris

A card reader for a cash replacement system utilizing consumable transaction cards, each card including a body portion bearing machine readable identification and validity codes and a pluraity o sequentially severable transaction segments each bearing the identification code, the card reader comprising: a first sensor for sensing the codes on the body portion of one of the cards; a validation data store having a validation code recorded therein; validity comparison means for comparing the validation code from the validation data store with a validation code output from the first sensor to determine the presence of a validity match; a second sensor for sensing the presence of a transaction segment on the card; transaction approval means, connected to the validity comparison means and the second sensor, responsive to the combination of a validity match and the presence of a transaction segment, for approving a transaction; and segment severing means, actuated by the transaction approval means, for severing a transaction segment from the card.