Abstract:
A money clip having jaws connected by a throat that provides spring action to urge the jaws together, a pair of operating levers slidably mounted respectively on the jaws, and a device that emits and receives radio waves, electromagnetic waves, light waves, sound waves, microwaves or a combination thereof and other electronic media for the purpose of transmitting and receiving wireless data from and to other base transmitters/receivers being disposed on one of the operating levers.

Description:
The benefits under 35 U.S. C. 119 are claimed of provisional application 60/314,000 filed Aug. 21, 2001. 
   This is a continuation-in-part of application Ser. No. 10/222,347 filed Aug. 15, 2002, now abandoned. 

   BACKGROUND OF THE INVENTION 
   This invention relates specifically to money clips and the like and is more particularly concerned with an aesthetically designed clip that incorporates a transmitting and receiving device that allows the money clip to function as a new type of platform from which electronic transactions can be initiated, received and completed. 
   Clips for holding a great variety of items, are well known in the art. Such clips generally comprise a simple pair of jaws that are normally urged toward each other. It is desirable to have a money clip that will also function as a platform to facilitate certain electronic transactions to be completed that have now become both common, convenient and desired in the world of data and information transfer. As a result of this, the clip is constructed with one or more bosses such that it will allow for the incorporation of the appropriate electronic device that may initiate and complete these types of electronic transactions in combination with a pair of levers that extend for opening the clip and retract when not in use. 
   Money clips used to clip paper currency together and the like have not had electronic devices included in their design as part of their overall functionality in the past. Such clips are normally simple spring clips, perhaps with a rampway to assist sliding the clip onto the contents being held. The inclusion of an electronic device allows the money clip to become a transmitting/receiving platform for multiple types of electronic actions or transactions. 
   BRIEF SUMMARY OF THE INVENTION 
   The present invention provides a spring urged money clip having generally flat jaws and a resilient throat for urging the jaws together. A pair of levers are slidably mounted respectively on the jaws to open clip. The money clip is designed to include the mounting and inclusion of an electronic device on or inside the clip which may be used for the purpose of receiving and transmitting electronic data and which facilitates the completion of multiple types of electronic transactions, originating, continuing or terminating at the clip. The electronic functionality of the money clip may be activated and terminated by the user as desired. 
   The clip is adapted to emit and receive electromagnetic waves, radio waves, sound waves, laser light, and/or microwaves for the purpose of transmitting and receiving wireless data from and to other transmitters/receivers. These data are utilized to facilitate the creation and completion of wireless electronic transactions that can accommodate the movement of data from and to the clip to as needed to complete such transactions. The money clip with the included electronic device creates a very convenient platform from which various financial transactions can take place using the data that is accessed via the electronic device to initiate and complete purchases, ultimately charging them to a customer&#39;s selected charge accounts, checking accounts, savings accounts, etc. The clip&#39;s design and functionality may also be used for nonfinancial transactions. 
   The clip of the present invention may be made inexpensively, such as of plastic, polymeric materials or inexpensive metal, or can be made from more expensive metals and may even include plating of precious metal and decoration with hides, gem stones, etc. The clip may have a very strong spring force to hold things together, or may have a weak spring force to hold money, a few papers, credit cards or the like. 

   
     BRIEF DESCRIPTION OF THE SEVERAL VIEWS OF THE DRAWINGS 
     These and other features and advantages of the present invention will become apparent from the following specification when taken in conjunction with the accompanying drawings in which: 
       FIG. 1  is a perspective view of a money clip embodying one form of the present invention; 
       FIG. 2  is a cross-sectional view taken along line  2 — 2  in  FIG. 1 ; 
       FIG. 3  is a side elevational view of the money clip with currency, credit cards and the like disposed between the jaws of the clip; 
       FIGS. 4 and 5  are perspective views showing the clip with operating levers; 
       FIG. 6  is a cross-sectional view taken along the line  6 — 6  in  FIG. 5 ; 
       FIG. 7  is a perspective view of the internal spring element of the money clip; and 
       FIG. 8  is a perspective view of the jaws and throat structure of the clip shown in  FIGS. 4 and 5 . 
   

   DETAILED DESCRIPTION OF THE INVENTION 
   Referring now more particularly to the drawings, and to that embodiment of the invention here presented by way of illustration,  FIG. 1  shows a clip made in accordance with the present invention and includes upper and lower jaws  1  and  2  joined by throat  3 . Throat  3  is spring loaded to urge jaws  1  and  2  toward each other. It is contemplated that the clip will be used as a money clip normally carried in a person&#39;s pocket. Those skilled in the art, however, will realize that this particular use is illustrative only, and the invention is equally applicable to many styles of clips for many different uses. 
   At least one of the jaws  1  and  2  includes a generally rectangular boss  4 . Boss  4  has an inserted or mounted thereon electronic transmitting and receiving device  5  (mounted inside for illustrative purposes in this example). These devices are currently commercially available and are classified as RFID (radio frequency identification devices). Device  5  may be of various shapes and sizes and is shown as an elongated format in the drawings. Boss  4  includes insert  6  that serves as the protective cover over the electronic device installed inside the insert and is permanently attached to the clip within boss  4 . Electronic device  5  transmits and receives data information through the materials used in the construction of the insert. One existing application of device  5  is a transmitter marketed under the trademark Speedpass. 
   In general, device  5  works in conjunction with a transceiver/reader means which creates an electromagnetic field that is variable in size or strength according to its radio frequency and power output. When the money clip with the included radio frequency identification device (RFID) electronic tag is placed within close proximity of the transceiver, passing within the electromagnetic field, the RFID device inside the clip detects the activation signal from the reader. The transceiver/reader then decodes the encoded data in the RFID device&#39;s circuitry and the data are then sent to the host computer for appropriate processing as needed. Once the RFID data are verified, the appropriate transaction is then activated and/or completed. 
   This invention provides a smooth and elegant appearance for the clip, while concealing and protecting the electronic device in a secure and permanent position. The insert also allows the money clip to have the ability to include various types of materials and designs to create an aesthetically pleasing insert that also functions to securely hold the electronic device in its permanent position. 
     FIG. 2  shows a cross-sectional view of boss  4  disposed on jaw  1  and insert  6  mounted therein with electronic device  5  seated within boss  4  and insert  6 . In this application, there are reversed receiving edges  7 , cut into the boss  4 , each for a one-way permanent mounting of the insert  6 . The design of the insert  6  and the inside area of the boss  4  may each be shaped to fit the dimensions of the electronic device  5 , as needed, which may be in several different sizes and configurations. Secure mounting of insert  6  and device  5  can also be achieved with an adhesive such as glue or other suitable means. 
   Looking at  FIG. 3 , the drawing illustrates a side view of the money clip with the insert  6 , mounted in the boss  4 , on the top jaw  1 , holding the contents of a money clip consisting of currency folded around a few credit cards, driver&#39;s license, etc. This is a side elevational view of a money clip made in accordance with present invention having currency and cards held therein and boss  4  with electronic device  5  included. 
   A modification of the money clip is shown in  FIGS. 4–8  in which upper operating lever  8  is slidably mounted in groove  9  formed in upper boss  10 . In similar fashion, lower operating lever  11  is slidably mounted on lower boss  12 . Also, bosses  10  and  12  are slidably mounted on and secured, respectively, to upper jaw  13  and lower jaw  14  which are joined by means of throat  15 . 
   As best shown in  FIG. 6 , transmitting and receiving device  16  is mounted in a recess formed in operating lever  8  and is protectively covered by means of insert  17 . In order to enhance the sliding motion of operating levers  8  and  11 , internal spring means  18  is secured at the ends thereof between upper jaw  13  and the bottom wall portion of upper boss  10 . 
   As shown in detail in  FIG. 7 , internal spring means  18  includes sphere  19  which is positioned in beveled orifice  20  with the midportion of spring  18  being disposed in aperture  21  formed in upper jaw  13 . Internal spring means  18  acts as tensioning means by asserting an upward force on upper operating lever  8 . Sphere  19  facilitates the correct positioning of upper operating lever  8  by means of its sliding movement and frictional tension in longitudinal slot  22  formed on the bottom surface of upper operating lever  8 . 
   Although not shown in detail in the drawings, similar structure as shown in  FIG. 6  is associated with lower operating lever  11 . Of course, typically only one transmitting and receiving device  16  would be utilized in connection with either the upper or lower operating lever. 
   In operation, items are secured between bosses  10  and  12  by means of operating levers  8  and  11  which are maneuvered from the positions shown in  FIG. 5  to the positions shown in  FIG. 4 . Then operating levers  8  and  11  are simply squeezed together which acts to open bosses  10  and  12  for ease of insertion of items therebetween. In accordance with this invention, device  16  is used for transmitting and receiving electronic data as desired. 
   It will of course be understood by those skilled in the art that the particular embodiment of the invention here presented is by way of illustration only, and is meant to be in no way restrictive, therefore, numerous changes and modifications may be made, and the full use of equivalents resorted to, without departing from the spirit and scope of the invention as outlined in the appended claims.