Patent ID: 9208493
Filing Date: 2015-12-08
Classification: G06Q,G07F

Abstract:
1. A transaction apparatus comprising: a first electromagnetically or electronically read card with a respective means for carrying data to access a corresponding account having an authorized user of the account as authorized by a financial institution on which the first card and corresponding account are drawn; a second electromagnetically or electronically read card with a respective means for carrying identity data, said second card appearing as any one of a credit card, gift card, telephone calling card, library card, fundraising card, entity card, and card to an organization, the second card being universally usable, at different points of sales, in verifying identity of the authorized user across one or more qualifying cards including the first card for more than one transaction, each qualifying card having a respective account of the authorized user drawn at a respective financial institution, different accounts of the authorized user corresponding to different qualifying cards, and the second card carrying identity data of the authorized user, as authorized by the respective financial institutions, with respect to each respective account corresponding to the qualifying cards including account of the first card, wherein the second card enables request of credit history of the authorized user to be made, the first and second cards being read by a card reader, at a point of sales during a transaction in a manner such that a credit card processing center remote from the point of sales processes authorization of at least the first card while the second card is used to look at account authorization of the first card and verifies identity of the authorized user as a valid person as authorized by the respective financial institution to access the corresponding account of the first card, and thus validates the authorized user using the first card as payment to complete the transaction.