Portable financial transaction card capable of authorizing a transaction in foreign currencies

Abstract From the Canadian patent

A transaction card is disclosed capable of authorizing a transaction in a foreign currency. The subject transaction card includes an internal microprocessor which is connected to a memory. Stored within the memory is a transaction limit associated with each account of the cardholder. Also stored in the memory are one or more rates for converting the transaction limit into foreign currencies. In operation the, cardholder will select the foreign currency which will be used for a purchase. After the selection the, processor will convert the transaction limit from a local or base currency to the selected foreign currency. Thereafter during the transaction, the processor will compare the …