Funds transfer data acquisition and processing method e.g. for shops - involves interrogation of local auxiliary data memory for regular updating at central file

摘要

Data are acquired, processed and checked by a device incorporating one slot for cheques and another slot for magnetic credit cards and storage cards. The device first verifies, from a mass memory in a reserved space, that no opposition to the proposed transaction has been entered. The sender enters his personal identification number of a keyboard for checking against the number held in a remote central data bank, which is connected via a modem and communication network. The transaction, if sanctioned, is entered in a removable memory with a facility for periodic withdrawal from its space and addressing to the central data bank, for updating of a central management computer and rpresnetation of accounts.