Charles V Browning

US Patent:

6820803, Nov 23, 2004

Filed:

Aug 30, 2002

Appl. No.:

10/230439

Inventors:

Lucas T. Browning - Ellicott City MD 21042
W. Clark Gaughan - Ellicott City MD 21043
Charles L. Browning - Greene NY 13778

International Classification:

G06F 1760

US Classification:

235380, 235381, 235441, 235382, 705 50, 705 64

Abstract:

A cash card system featuring an electronic element providing a mechanism for making a cash purchase or payment. The electronic element contains a PIN and electronic cash, and is useless by itself. Only the correct PIN will validate a purchase. The account number encoded on the electronic element is tied to the PIN, such that the loss or theft of the electronic element will prevent unauthorized usage. The user purchases a dollar amount for the electronic element, which is electronically loaded therein. Thereafter, the user transfers the electronic cash to a retailer or a financial institution by providing the PIN.