Method of registering credit cards for loss protection
Original Publication Date: 2003-Apr-04
Included in the Prior Art Database: 2003-Apr-04
Automated Teller Machines (ATM) are widely available. They are capable of reading credit card data and are connected to computer databases via existing communication media. They are routinely given access to credit and debit cards, therefore they are trusted. This article describes how existing ATM machines would provide a service by which the customer would feed in all credit cards so that their information would be stored in a database. The customer would be supplied with an account number and a telephone number to call in the event that the cards are lost.