Browse Prior Art Database

Efficient Use of Credit Cards

IP.com Disclosure Number: IPCOM000118047D
Original Publication Date: 1996-Aug-01
Included in the Prior Art Database: 2005-Mar-31
Document File: 2 page(s) / 54K

Publishing Venue

IBM

Related People

Truestedt, HL: AUTHOR

Abstract

Disclosed is a method to improve credit card handling in stores. This allows a customer the option of using a credit card when entering the store, such that the credit card information is waiting at the cash register.

This text was extracted from an ASCII text file.
This is the abbreviated version, containing approximately 52% of the total text.

Efficient Use of Credit Cards

      Disclosed is a method to improve credit card handling in
stores.  This allows a customer the option of using a credit card
when entering the store, such that the credit card information is
waiting at  the cash register.

      As more and more stores depend on credit cards for
transactions, the telephone lines are beginning to be saturated at
the cash register.  Today, when a purchase is made, the credit card
is usually scanned into a machine which dials the credit card company
to obtain a credit check.  This procedure takes a considerable amount
of time as people are standing in line trying to complete their
transaction.  The motto: "Credit is quicker than cash" has not been
realized yet.

To speed credit card use, the following procedure is defined:
  1.  Use a credit card scanner (similar to rapid transit ticket
       scanners (e.g., BART) or other walk-through scanners) at
       the entrance to the store.  Those customers that plan to
       make a purchase with credit cards could insert their card
       as they enter the store.  Those that do not plan to use
       credit cards can by pass the scanner--it is purely optional
       whether the customer uses the credit card scanner or not.
  2.  Once the credit card has been scanned, the information for
       a number of credit cards could be stored and periodically
       called in to the credit card company (i.e., one call can
       verify...