Patent ID: 6064988
Filing Date: 2000-05-16
Classification: G06Q,G07F

Abstract:
A supersmart card system for operation with a data processing system, the data processing system including a central computer and means for transmitting transaction specific data between the central computer and the supersmart card system, the supersmart card system comprising:a plurality of transaction cards corresponding to a plurality of different financial institutions or service providers; anda portable, user-carried transaction authorization device separate from said plurality of transaction cards, said transaction authorization device including:(1) logic means having a memory for storing identifier data relating to the identity of a user and authorization data relating to the authorization of transactions between a user and financial institutions or service providers;(2) data entry means for enabling a user to enter into said logic means:(a) identifier data relating to the identity of a user;(b) authorization data relating to the authorization of transactions between a user and financial institutions or service providers; and(c) transaction specific data,(3) transaction card selection means for enabling a user to select a particular transaction card for processing a particular transaction; and(4) a program for comparing said transaction specific data with said authorization data, for generating a transaction specific authorization signal if said comparison satisfies authorization requirements of said program, for furnishing the authorization signal to merchant, and for modifying the authorization data with every use of said supersmart card.