초록 ▼

A financial transaction system that does not require the need for cash, checks or credit cards to carry out financial transactions. In return for prepayment of specified sum, a bar coded wristband is issued to a customer. On issuance of the wristband, a data base record is created that is cross-refe

A financial transaction system that does not require the need for cash, checks or credit cards to carry out financial transactions. In return for prepayment of specified sum, a bar coded wristband is issued to a customer. On issuance of the wristband, a data base record is created that is cross-referenced with the bar code number, as well as an account number, an issue date and a present balance of the account. When the user wishes to purchase goods or services, the bar code of the wristband is scanned, and the amount of the transaction is then placed into the system. The corresponding account is debited. The wristband is constructed so as to be waterproof, and includes an adhesive strip with small tear strips for fastening around the user's wrist. An attempted removal of the wristband is effective to substantially destroy it and render it unusable to other persons.

대표청구항 ▼

1. A transaction system, comprising:a wristband having at least one bar code formed thereon, an attaching system thereon for connecting the two ends of the wristband around the wrist of a person, a computer accounting system including a data base for storing financial and associated data, an initial

1. A transaction system, comprising:a wristband having at least one bar code formed thereon, an attaching system thereon for connecting the two ends of the wristband around the wrist of a person, a computer accounting system including a data base for storing financial and associated data, an initialization station for issuing wristbands to users in exchange for prepayment amounts, and for associating in the data base the bar codes and the prepayment amounts, a transaction station for scanning the bar codes of wristbands attached to users in response to financial transactions, and forwarding to the data base the bar code number scanned, and a transaction amount, a computer associated with the data base for subtracting the transaction amount from the prepayment amount and providing a resulting balance.