Patent ID: 7080782
Filing Date: 2006-07-25
Classification: G06K

Abstract:
1. A data device reader for reading portable data devices having a smart card portion and a readable static media portion, the smart card portion comprising an electronic purse, the data device reader comprising: a smart card interface for communicating with the smart card portion of a portable data device; a magnetic stripe reading head for reading the readable static media portion of the portable data device; a processor configured to perform money transfers between an account indicated by the readable static media portion of the portable data device and the electronic purse of the portable data device; a first communication interface connecting to a remote financial institution computer system, said processor programmed to communicate with the financial institution computer system in order to conduct credit or debit transactions; and a second communication interface connecting to a remote point-of-sale computer system having an account associated with the electronic purse of the portable data device.