An optical
payment transceiver and an optical settlement
system using the same uses a personal portable terminal incorporated with an optical
transceiver as a card substitute
payment unit for settlement. Here, card information is incorporated in a personal portable terminal incorporated with an optical
transceiver such as a portable phone or a PDA and the optical transceiver is connected to a card inquiry
machine to thereby optically transmit and receive card information. The card inquiry
machine recognizes the received card information in the same manner as that of the
card reader reading a magnetic card, and transmits the card information to a VAN company
server or a card company
server, to then request for an approval and settle transactions. The present invention is applied to most fields where financial transactions are performed as in a general commerce, a
toll gate fee or tunnel passage fee
collection system, a subway or
bus fare levying
system, a gas
station, a department store, a drive-thru ordering
system, a vending
machine, and a fee
payment system of kiosks. Also, the present invention can be applied to an entrance / exit
security system requiring personal identification. Thus, the present invention can use a portable terminal as a payment unit without carrying a cash or cards, to thereby provide an effect of performing a
safer and more reliable credit transaction.