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Payment cards and devices operable to receive point-of-sale actions before point-of-sale and forward actions at point-of-sale

a payment card and payment system technology, applied in the field of magnetic cards and payment systems, can solve the problems of slow payment card transactions and deficient traditional systems, and achieve the effects of reducing the time the user spends reducing the time it takes to complete a transaction at a pos device, and facilitating the change of the tip

Inactive Publication Date: 2011-11-10
DYNAMICS
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The patent describes a card or other device that can communicate with a magnetic stripe reader using a magnetic emulator. The emulator can be controlled by a processor to transmit information to the reader either serially or in parallel. The processor can detect the presence of a read-head and communicate with the reader accordingly. The device can also have a display to show dynamic information, such as a credit card number or a medical identification number, and buttons to control its operation. The patent also mentions the use of read-head detectors to determine the type of reader and the location of the read-head. This information can be stored and used to combat card cloning.

Problems solved by technology

Payment card transactions are slow.
Such traditional systems are deficient as a user may spend a large amount of time at a payment card reader interacting with the payment card reader.

Method used

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  • Payment cards and devices operable to receive point-of-sale actions before point-of-sale and forward actions at point-of-sale
  • Payment cards and devices operable to receive point-of-sale actions before point-of-sale and forward actions at point-of-sale
  • Payment cards and devices operable to receive point-of-sale actions before point-of-sale and forward actions at point-of-sale

Examples

Experimental program
Comparison scheme
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Embodiment Construction

[0056]FIG. 1 shows card 100 that includes printed information 111 and 120, displays 112 and 113, and buttons 130-134. Card 100 may be, for example, a payment card such as a credit card, debit card, and / or gift card or any other type of card (e.g., security access or identification card). Payment information, such as a credit / debit card number may be provided as static information 111, dynamic information 112 and / or 113, or any combination thereof.

[0057]For example, a particular number of digits of a credit card number (e.g., the last 3 digits) may be provided as dynamic information. Such dynamic information may be changed periodically (e.g., once every hour). Information may be changed via, for example, encryption. Software may be provided at, for example, the payment verification server that verifies the dynamic information for each period of time such that a payment can be validated and processed for a particular user. A user may be identified using, for example, static informatio...

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PUM

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Abstract

A payment card or other device (e.g., mobile telephone) is provided with a magnetic emulator operable to communicate data to a magnetic stripe read-head. A user can utilize buttons located on the card to perform activities that would otherwise be performed at an ATM, payment card reader, or by a waitress. A user can provide instructions on a card to accelerate a transaction. The information a user enters can be communicated to a point-of-sale device. For example, a user can enter into his / her card that the user desires $100 withdrawal from a checking account. The user can also enter his / her PIN into the card. The user can swipe his / her card into an ATM and instantly be provided with the desired $100.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This application claims the benefit of U.S. Provisional Patent Application Nos. 61 / 016,491 filed on Dec. 24, 2007 (Docket No. JDM / 019 PROV), 61 / 026,846 filed on Feb. 7, 2008 (Docket No. JDM / 019PROV2), 61 / 027,807 filed on Feb. 11, 2008 (Docket. No. JDM / 020 PROV), 61 / 081,003 filed on Jul. 15, 2008 (Docket No. D / 005 PROV), 61 / 086,239 filed on Aug. 5, 2008 (Docket No. D / 006 PROV), 61 / 090,423 filed on Aug. 20, 2008 (Docket No. D / 007 PROV), 61 / 097,401 filed Sep. 16, 2008 (Docket No. D / 008 PROV), 61 / 112,766 filed on Nov. 9, 2008 (Docket No. D / 009 PROV), 61 / 117,186 filed on Nov. 23, 2008 (D / 010 PROV), 61 / 119,366 filed on Dec. 2, 2008 (Docket No. D / 011 PROV), and 61 / 120,813 filed on Dec. 8, 2008 (Docket No. D / 012 PROV), all of which are hereby incorporated by reference herein in their entirety.BACKGROUND OF THE INVENTION[0002]This invention relates to magnetic cards and payment systems.[0003]Payment card transactions are slow. A user may need to w...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q30/00
CPCG06K19/06206G06Q20/34G06K19/07703G06Q20/18G06Q20/20G06Q20/3415G06Q20/352G06Q20/385G06Q30/0222G06Q30/0241G06Q30/0277G06Q30/0641G07F7/0806G07F7/1008G06Q20/341G06K19/07A61B5/02A61B5/02042G06T7/62G06T2207/10024G06T2207/30004G06V10/24G06V10/25G06V2201/03G06Q20/401G06K19/07705G06K19/07707G06K19/07709G06K19/07749G06K19/0725G06K19/06187G06K19/07766G06K7/087G06K19/0704G06K19/0775G06K7/084G06K19/0723G06K19/07345G06K7/0004G06K19/07769G06F3/0488G06K19/07773G06K7/10297G06K19/0702G06K19/083
Inventor MULLEN, JEFFREY D.CLOUTIER, BRUCE
Owner DYNAMICS
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