The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 04, 2022
Filed:
Oct. 20, 2016
ID Loop Ab, Svedala, SE;
Jan Vestlund, Svedala, SE;
Peter Thorander, Vallentuna, SE;
Rolf Norberg, Täby, SE;
Johan Anstrell, Knivsta, SE;
Mikael Aronowitsch, Täby, SE;
Anders Holmlund, Kungsängen, SE;
ID LOOP AB, Svedala, SE;
Abstract
Method for cash card payment in a payment station for debit and credit cards. The invention is characterised in that the cash card () comprises a processor and is caused to store a unique identity associated with a money amount, which exists at a money institution (), such as a central bank, or which is caused to be transferred from a bank account or the corresponding, to the money institution, in that the transferred amount is caused to be stored on the cash card (), in that the amount lacks a connection to the proprietor of the cash card except via the said identity, in that, at payment using the cash card (), the amount to be paid is caused to be transferred, together with the said identity, from the cash card () to a payment terminal () comprising the said payment station, in that the payment terminal () is caused to store the paid amount together with the said identity and that a remaining amount after payment is counted down on the cash card and is stored on the cash card, and in that the payment terminal () is caused to activate the money institution () to transfer, using the identity, the amount to be paid using the cash card () to an account () belonging to the point of sale where the payment terminal () is located.