SMART CARD TRANSACTION SYSTEM AND ENCODER-DISPENSER

摘要

The disclosed apparatus is a stand alone integrated smart card circuit chip card vending machine. It accepts bills in $1, $5, $10, $20 and $50 denominations and/ or credit cards and issues stored value smart carts for the value requested. It can also t elephone a center to validate credit card transactions or send diagnostic and statistical reports. This invention has the capability to read and write to a card while it is in the dispenser stac k, therefore the card has no value while in the dispenser and is not released until payment is re ceived, that is, the cards are encoded in real time before they are issued.