Showing papers on "Card security code published in 1978"
Patent•
ARCO1
TL;DR: An attendant-controlled terminal, operating under the control of a conventional microprocessor, monitors and controls remote fuel pumping units, combines fuel sale information with information concerning additional sales keyboarded by the attendant, accepts customer account information recorded on a credit card, verifies that the identified account is in good standing, and prints an optically-readable format compatible with conventional automated invoice processing equipment as discussed by the authors.
Abstract: An attendant-controlled terminal, operating under the control of a conventional microprocessor, monitors and controls remote fuel pumping units, combines fuel sale information with information concerning additional sales keyboarded by the attendant, accepts customer account information recorded on a credit card, verifies that the identified account is in good standing, and prints a credit card receipt for signature by the customer, the receipt being printed in an optically-readable format compatible with conventional automated invoice processing equipment.
60 citations
Patent•
21 Sep 1978
TL;DR: A credit card processing system involving the use of a machine for reading the data encoded in the magnetic stripe of such a card and for printing such data in MICR characters, along the bottom of the merchant's bank sales slip copy of each transaction under the credit card as discussed by the authors.
Abstract: A credit card processing system involving the use of a machine for reading the data encoded in the magnetic stripe of such a card and for printing such data in MICR characters, at the point of sale, along the bottom of the merchant's bank sales slip copy of each transaction under the credit card. The machine also has means for selecting any one of four punches for making a punch out in said bank copy in any one of four predetermined optional ABA standards positions to designate the transaction as a credit or charge transaction and whether it is to be processed by EDP or EFT procedures. The system also includes all of the various instrumentalities necessary to process each transaction, guided by the punch out information, through the merchant's bank, the clearing house, and the issuer institution for final posting and billing.
32 citations
Patent•
13 Sep 1978
TL;DR: In this paper, a customer's credit card is passed through a card matcher to read megnetic recoed as to an identification number, credit company number, membership number, etc.
Abstract: PURPOSE: To obtain repidly the result of a decision on whether transaction with a customer is allowed or not by calling a center when correspondence between a card and the customer is recognized on the basis of a check on an identification number on it and then by making the decision on the basis of an answer from the center. CONSTITUTION: A customer's credit card is passed through a card matcher to read megnetic recoed as to an identification number, credit company number, membership number, etc. After the read, access to memory 20 is attained to make a decision on whether the company number agrees with that of a company in charge. When the decision result is "OK", the customer inputs his or her own identification number by operating ten-key pad 11. An operator, on the other hand, inputs the code and amount of a commodity that the customer wants through keyboards 6 and 7 in parallel to it. When the correspondence between the card and customer is recognized on the basis of a check on the identification number, the telephone number of the company is retrieved on the basis of the credit company number recorded on the card and a dial pulses are sent out to a telephone circuit to call center 16 where the credit company belongs. Center 16 retrieves its own file to read registered data and makes a decision on whether the transaction of it is allowed, thereby sending the result back to the terminal. COPYRIGHT: (C)1980,JPO&Japio
16 citations
1 citations