METHOD AND SYSTEM FOR CONDUCTING TRANSACTIONS USING A PAYMENT CARD WITH ACCOUNT INFORMATION ENCODED IN BAR CODE

摘要

A system for conducting financial transactions is provided having payment cards (10) having stored account information in bar-coded format (20), and terminals each equipped with at least one optical bar code reader for reading the account information in bar-coded format (20), the terminal utilizing the account information for processing over a payment network and authorizing the financial transaction.