Patent ID: 6352205
Filing Date: 2002-03-05
Classification: G06K,G06Q,G07F

Abstract:
A transaction system, comprising:a wristband having at least one bar code formed thereon, an attaching system thereon for connecting the two ends of the wristband around the wrist of a person, a computer accounting system including a data base for storing financial and associated data, an initialization station for issuing wristbands to users in exchange for prepayment amounts, and for associating in the data base the bar codes and the prepayment amounts, a transaction station for scanning the bar codes of wristbands attached to users in response to financial transactions, and forwarding to the data base the bar code number scanned, and a transaction amount, a computer associated with the data base for subtracting the transaction amount from the prepayment amount and providing a resulting balance.