Patent ID: 6047888
Filing Date: 2000-04-11
Classification: G06Q,G07F

Abstract:
A method for paying for purchases including goods and services of vendors, by means of a portable pocket terminal comprising a first terminal, and a portable data medium having a memory with a plurality of memory sections, the method comprising:providing at least one first memory section and a second memory section for receiving data representing selected amounts of money;operatively connecting the data medium to the first terminal;using the first terminal to deduct, as a function of a first operation of the first terminal, a first selected amount of money from the second memory section and to write the first selected amount of money into the at least one first memory section; andfor receiving a purchase, operatively connecting the data medium to a second terminal and deducting only from the at least one first memory section, a selected amount of money required for a purchase;the method including providing an input memory in the data medium, in which data specifying said selected amount of money required for the purchase is entered without being keyed in by a holder of the first terminal and the data medium, and wherein after establishing an operational connection between the data medium and the first terminal, the amount of money specified in the input memory is displayed and after a confirmation signal is supplied from the first terminal, the displayed amount of money is transferred from the second memory section into the at least one first memory section.