Ventra

Abstract: An optical payment transceiver and an optical settlement system using the same uses a personal portable terminal incorporated with an optical transceiver as a card substitute payment unit for settlement Here, card information is incorporated in a personal portable terminal incorporated with an optical transceiver such as a portable phone or a PDA and the optical transceiver is connected to a card inquiry machine to thereby optically transmit and receive card information The card inquiry machine recognizes the received card information in the same manner as that of the card reader reading a magnetic card, and transmits the card information to a VAN company server or a card company server, to then request for an approval and settle transactions The present invention is applied to most fields where financial transactions are performed as in a general commerce, a toll gate fee or tunnel passage fee collection system, a subway or bus fare levying system, a gas station, a department store, a drive-thru ordering system, a vending machine, and a fee payment system of kiosks Also, the present invention can be applied to an entrance/exit security system requiring personal identification Thus, the present invention can use a portable terminal as a payment unit without carrying a cash or cards, to thereby provide an effect of performing a safer and more reliable credit transaction

Abstract: Payment systems (100) and methods using wireless transponders in a community of retailers are disclosed. The disclosed systems and method include a community of retailers, an RFID transponder card (103), a number of readers (107) for reading an identification number from the RFID transponder card when a subscriber carrying the card enters the community, a local computer (109) in communication with the plurality of points of sale for receiving the identification number and associating the identification number with a subscriber account, and a Clearinghouse computer (101) for validating the transponder card and notifying the local computer of the card's validation.

Abstract: A new type of payment card includes a magnetically controlled display for visually reading magnetically recorded information such as current balance or available service value of the payment card. The required electronic and mechanical interface can be added to existing payment card handling equipment.

Abstract: A system is provided for smart card application loading. The system includes a mobile device comprising an electronic wallet and a smart card, with the smart card including resident smart card application. The mobile device authenticates a request to load selected smart card application on the mobile device and provides loading approval. The mobile device saves some information for the resident smart card application, and loads the selected smart card application to the smart card in response to the loading approval.