ELECTRONIC FUNDS TRANSFER AND VOUCHER ISSUE SYSTEM

摘要

In a system for transferring electronic funds data in lieu of cash between vendees and vendors associated with a sponsoring financial institution, each vendee is provided with an identification card (40) and a portable electronic device (20) to be presented to the vendor upon making a purchase. The electronic device contains a keyboard (24) for entering a vendee identification number as well as the purchase amount and a memory for storing a corresponding identification number, account balance and transaction amount. The portable electronic device contains a first inlet (38) for receiving an edge of the identification card. A magnetic head (44) reads data recorded on the card to turn the device on if the card corresponds to the particular device. A second inlet (46) within the device receives vouchers (48) prepared by the vendor reflecting the amount of the transaction. Manually operated printing rolls (54, 56) within the second inlet print a series of encoded bands on the voucher to verify the transaction if the vendee is satisfied with the purchase. If the vendee has keyboard entered the correct identification number and the account balance is large enough to support the purchase, the account balance stored in memory is debited by the purchase amount during a voucher printing cycle. The identification card and associated electronic device can be used in environments other than funds data transfer, e.g., access security.