Friday, March 2, 2012

Irish Inventors Develop Credit Card System

ALEXANDRIA, Va., Nov. 16 -- Daniel I. Flitcroft and Graham O'Donnell, both of Sandycove, Ireland, have developed a credit card system and a method offering reduced potential of credit card number misuse.

According to the U.S. Patent & Trademark Office: "A credit card system is provided which has the added feature of providing additional limited-use credit card numbers and/or cards. These numbers and/or cards can be used for a single transaction, thereby reducing the potential for fraudulent reuse of these numbers and/or cards. The credit card system finds application to 'card remote' transactions such as by phone or Internet. Additionally, when a single use credit card is used for 'card present' transactions, so called 'skimming' fraud is eliminated. Various other features enhance the credit card system which will allow secure trade without the use of elaborate encryption techniques."

The inventors were issued U.S. Patent No. 7,136,835 on Nov. 14.

The patent has been assigned to Orbis Patents Ltd., Dublin, Ireland.

The original application was filed on Sept. 18, 2000, and is available at: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=7,136,835.PN.&OS=PN/7,136,835&RS=PN/7,136,835.

For more information about US Fed News federal patent awards please contact: Myron Struck, Managing Editor/US Bureau, US Fed News, Direct: 703/866-4708, Cell: 703/304-1897, Myron@targetednews.com.

Call 800/786-9199 (in the U.S. or Canada) or 703/308-4357 for assistance from a U.S. Patent & Trademark Office Customer Service Representatives and/or access to the automated information message system.

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