PORTABLE APPARATUS AND METHOD FOR SETTLING TRANSACTION

• Main Authors: HWANG QUE MIN, WOO HEE GU, PARK KYUNG YANG, JUNG BONG SUNG, JUNG HOON JOON, KANG BOG HEUI, CHANG KWANG SU, KIM DO HA, SUNG KWANG HYUN, KIM WON DONG, KIM CHUL KI, CHO EUN SANG, KIM DAE YEON
• Format: Patent
• Language: English
• Published: 11.03.2010
• Subjects: BOTTLES, JARS OR SIMILAR CONTAINERS; CALCULATING; CHECKING-DEVICES; COIN-FREED OR LIKE APPARATUS; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; DISPENSING, DELIVERING OR TRANSFERRING LIQUIDS, NOT OTHERWISEPROVIDED FOR; ELECTRIC COMMUNICATION TECHNIQUE; ELECTRICITY; FARE-REGISTERING APPARATUS; FRANKING APPARATUS; HANDLING RECORD CARRIERS; LIQUID HANDLING; OPENING, CLOSING; PERFORMING OPERATIONS; PHYSICS; PRESENTATION OF DATA; RECOGNITION OF DATA; RECORD CARRIERS; REGISTERING THE RECEIPT OF CASH, VALUABLES, OR TOKENS; SELECTING; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR; TICKET-ISSUING APPARATUS; TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION; TRANSPORTING

PROBLEM TO BE SOLVED: To input card information in a portable apparatus including a cellular phone and a PDA, etc. and to use the portable device in substitution for a card. SOLUTION: Card information is input in a personal portable terminal with built-in optical transmitter/receiver such as a cellular phone and a PDA, the optical transmitter/receiver is connected to a card inquiry terminal to optically transmit and receive the card information. The card inquiry terminal recognizes the received card information, similar to that of a card reader reading a magnetic card, and transmits the card information to a VAN company server and the side of a card company server, to then request for an approval to settle the transaction. COPYRIGHT: (C)2010,JPO&INPIT