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System and method of paying transaction

A transaction, magnetic card technology, applied in the direction of a complete banking system, a complete banking system, coin-free or similar appliances, etc., can solve the problems of reducing the safety factor, user loss, easy loss, etc., to improve security, loss prevention effect

Inactive Publication Date: 2005-01-12
WUDI SCI & TECH (XIAN) CO LTD
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0005] 1. Carry a variety of magnetic cards with you at the same time, which is easy to cause inconvenience in storage and carrying, and is easy to lose;
[0006] 2. Because the reading medium of the magnetic card is exposed, it is very easy to break or damage, making it impossible to trade;
[0007] 3. The account number and password of the magnetic card are easy to be stolen, thereby reducing the safety factor and causing losses to the user;
[0008] 4. For safety reasons, different magnetic cards often have different passwords, so that users must remember the password of each magnetic card. If the password is forgotten, it will cause considerable inconvenience to the user

Method used

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  • System and method of paying transaction
  • System and method of paying transaction
  • System and method of paying transaction

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Experimental program
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Embodiment Construction

[0040] see figure 1 , payment transaction system 3 of the present invention comprises card reader 2, magnetic card information input interface 31, magnetic card information output interface 32, data storage module 33, data update module 34, display device 35, input device 36, central processing unit 37, data A security verification module 38 and a payment transaction control module 39 .

[0041] The card reader 2 includes a card reading program module 21 for performing card reading operations. The card reader 2 is provided with a slot for placing the magnetic card 1, and is connected with the card reader program module 21. The card reader program module 21 contains a card reader program for a specific magnetic card 1, and can control the card reader 2 to the magnetic card. 1 information, and decode the read magnetic card 1 information, and then save the data in the payment transaction system 3 for data transfer between the payment transaction system 3 and ATM4.

[0042] The ...

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Abstract

The system includes following parts and connections between parts: card reader, CPU, magcard information input interface for inputting information in magcard to CPU, magcard information output interface for outputting information to ATM, data storage module for storing information read from magcard, data safety authentication module for ensuring security of transaction, transaction control module for controlling transaction between CPU and ATM; card reader through magcard information input interface is connected to CPU; CPU though magcard information output interface is connected to ATM; data storage module, data safety authentication module and transaction control module is connected to CUP respectively. Features are easy of use, high security.

Description

1. Technical field [0001] The invention relates to a payment transaction system and method, in particular to a payment transaction system and method through a portable electronic device and an ATM. 2. Background technology [0002] ATM (Automatic Teller Machine) is currently the most common self-service banking equipment, which provides the most basic banking services, that is, cash withdrawal transactions, and some ATMs with more complete functions can also provide deposit services. At the same time, users can also conduct account inquiries, transfers, and change passwords on the ATM, thus truly realizing the service model of man-machine dialogue, and an important tool for transactions with ATMs is the magnetic card. [0003] With the rapid development of social digitization, various magnetic card transaction systems have emerged. Because people need to use different magnetic cards for payment or transactions on different occasions and for different businesses, various type...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06F17/00G06K7/00G07F19/00
Inventor 陈淮琰王振斌
Owner WUDI SCI & TECH (XIAN) CO LTD