Patent ID: 6182895
Filing Date: 2001-02-06
Classification: G06Q,G07F

Abstract:
A credit transaction system, comprising:a plurality of points of sale;a credit data storage and transaction processing system communicatively connected to said points of sale, said credit data storage and transaction processing system including first computer memory for storing credit account data of a primary credit account, and a processor for processing said credit account data and transaction data communicated to said processor from said points of sale;second computer memory communicatively connected to said processor adapted to store data of a secondary account, said secondary account having an initially-determined value and being exclusively related to said primary account; anda credit instrument for conducting transactions at one or more of said plurality of points of sale, said credit instrument uniquely identifying said secondary account,wherein data of said transactions are processed by said processor and stored in said second computer memory, and wherein said processor terminates said secondary account when said credit instrument has been used for said transactions such that the value of said transactions substantially equals said initially-determined value of said secondary account.