04725719 is referenced by 213 patents and cites 1 patents.

A restricted purpose, commercial, monetary regulation method is provided whereby a network is established between the business user, the acceptor of the restricted purpose card and a financial institution so that the business user obtains a unique identification number that enables him to purchase only one specific product or service from the acceptor. As a result, employers are free to give this card to employees without endangering the employees by entrusting them with large sums of cash or currency and while also ensuring any use of the card will be for a purpose authorized by the business. Once the validity of the card is authenticated, the transaction is completed by the acceptor, the information is transferred to financial institution and the funds are transferred from the user's account to the acceptor's account. An audit trail is provided by the assignment of a unique transaction number to each transaction and statements are provided to the user and the acceptor detailing the specifics of each transaction over a period of time.

Title
Restricted purpose, commercial, monetary regulation method
Application Number
6/887524
Publication Number
4725719
Application Date
July 21, 1986
Publication Date
February 16, 1988
Inventor
Margaret L Roach
Austin
TX, US
Edward N Piner
Austin
TX, US
John E Oncken
Austin
TX, US
Agent
John Nevin Shaffer Jr
Assignee
First City National Bank of Austin
TX, US
IPC
G06K 19/00
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