MY121601A - Funds transaction device - Google Patents

Funds transaction device

Info

Publication number
MY121601A
MY121601A MYPI9603042A MY121601A MY 121601 A MY121601 A MY 121601A MY PI9603042 A MYPI9603042 A MY PI9603042A MY 121601 A MY121601 A MY 121601A
Authority
MY
Malaysia
Prior art keywords
account
transaction
key
user
card
Prior art date
Application number
Inventor
Hector Daniel Elbaum
Original Assignee
Mcom Solutions Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Mcom Solutions Inc filed Critical Mcom Solutions Inc
Priority to MYPI9603042 priority Critical patent/MY121601A/en
Publication of MY121601A publication Critical patent/MY121601A/en

Links

Landscapes

  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

A FUNDS TRANSACTION DEVICE (1) IS PROVIDED FOR TRANSFERRING FUNDS BETWEEN ONE BANK ACCOUNT OR CREDIT FACILITY AND ANOTHER BANK ACCOUNT OR CREDIT FACILITY. THE DEVICE (1) HAS A CARD READER DEVICE (29); A KEY PAD DEVICE (17) WITH AN ENCRYPTION SYSTEM; A MODEM DEVICE (35); A COMMUNICATION INTERFACE DEVICE (37) CONNECTED WITH THE MODEM DEVICE (35); AN OUTPUT REPORT DEVICE (13); A COMMUNICATION DEVICE (27); AND A CENTRAL PROCESSING DEVICE (33). THE CENTRAL PROCESSING DEVICE (CPU) (33) INTERCONNECTS ALL OF THE DEVICES 1 THROUGH 6. THE COMMUNICATION DEVICE (27) IS PREFERABLY A MOBILE TELEPHONE WHICH CAN TELEPHONE A COMMUNICATIONS NETWORK TO CONNECT TO A HOST EFTPOS TYPE NETWORK CONNECTED WITH A BANK OR CREDIT ESTABLISHMENT. THE CPU (33) IS PROGRAMMED TO STORE ACCOUNT DATA OF THE OWNER/LEASEE OF THE DEVICE AND TO READ ACCOUNT DATA FROM A USER'S CARD (31) BY PASSING SAID CARD (31) TO SAID CARD READER DEVICE (29), AND TO STORE THE ACCOUNT DATA AND TO ACTIVATE SAID KEY-PAD DEVICE (17) SO A USER CAN ENTER INFORMATION VIA SAID KEY-PAD DEVICE (17) SUCH AS, ACCOUNT TYPE, ACCOUNT TRANSACTION TYPE, TRANSACTION AMOUNT, AND A PIN NUMBER WITH ALL THE USER ENTERED INFORMATION BEING ENCRYPTED BY SAID KEY-PAD DEVICE. THE CPU (33) THEN ACTIVATES A COMMUNICATION CONNECTION VIA SAID MODEM DEVICE (35) AND SAID INTERFACE DEVICE (37) TO CONNECT WITH THE HOST EFTPOS DEVICE AND TRANSMIT THE STORED USER ENTERED DATA AS WELL AS TRANSMIT THE ACCOUNT DATA OF THE OWNER/LEASEE OF THE DEVICE, SO THAT FUNDS CAN BE TRANSFERRED FROM THE USER'S BANK ACCOUNT OR CREDIT OR DEBIT CARD TO THE OWNER/LEASEE'S BANK ACCOUNT OR VICE VERSA AND TO PROVIDE SIGNALS TO THE OUTPUT REPORT DEVICE (13) CONFIRMING THE TRANSACTION OR DENIAL OF THE TRANSACTION OR OTHER INFORMATION RELATING TO THE TRANSACTION.
MYPI9603042 1996-07-24 1996-07-24 Funds transaction device MY121601A (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
MYPI9603042 MY121601A (en) 1996-07-24 1996-07-24 Funds transaction device

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
MYPI9603042 MY121601A (en) 1996-07-24 1996-07-24 Funds transaction device

Publications (1)

Publication Number Publication Date
MY121601A true MY121601A (en) 2006-02-28

Family

ID=47257201

Family Applications (1)

Application Number Title Priority Date Filing Date
MYPI9603042 MY121601A (en) 1996-07-24 1996-07-24 Funds transaction device

Country Status (1)

Country Link
MY (1) MY121601A (en)

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