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:
Jun. 10, 1997
Filed:
Jun. 13, 1995
Brock Kolls, Phoenixville, PA (US);
USA Technologies, Inc., Wayne, PA (US);
Abstract
A system and method for controlling and monitoring credit card transactions of a vending machine which dispenses and or encodes prepaid cards. Means are provided for reading magnetically stored information from a credit card, receiving an authorization amount for the transaction from a credit verification source which is external to the vending machine, storing the authorization amount, selecting a prepaid amount to be encoded on a prepaid card, determining whether a selected prepaid amount is below a maximum allowed transaction amount, controlling the encoding of a prepaid card in response to a selected prepaid amount, and storing transaction information corresponding to the operation of the prepaid card vending machine and the magnetic information from the credit card.