System and method for point-to-point encryption with adjunct terminal

a point-to-point encryption and adjunct terminal technology, applied in the field of point-to-point encryption, can solve the problems of billions of dollars lost every year to fraudulent activity involving the unauthorized use of sensitive information

Inactive Publication Date: 2013-05-16
MERCHANT LINK LLC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

This solution effectively secures transaction processing by ensuring that point of sale devices do not access unencrypted magnetic card stripe data, reducing the risk of data exposure and fraudulent activities, and providing additional security measures to protect credit card information.

Problems solved by technology

Unauthorized persons often attempt to obtain such sensitive information, such as by reading the device, so as to use the sensitive information for improper and unauthorized purposes.
In the U.S. alone, billions of dollars are lost every year to fraudulent activity involving the unauthorized use of sensitive information, despite ongoing attempts by numerous parties to prevent such losses.

Method used

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  • System and method for point-to-point encryption with adjunct terminal
  • System and method for point-to-point encryption with adjunct terminal
  • System and method for point-to-point encryption with adjunct terminal

Examples

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Embodiment Construction

[0012]In the description that follows, like parts are marked throughout the specification and drawings with the same reference numerals, respectively. The drawing figures might not be to scale and certain components can be shown in generalized or schematic form and identified by commercial designations in the interest of clarity and conciseness.

[0013]FIG. 1 is a diagram of a system 100 for secure transaction processing in accordance with an exemplary embodiment of the present invention. System 100 provides an architecture that separate a card reader system from a point of sale device so that the point of sale device cannot be compromised to extract unencrypted magnetic card stripe data.

[0014]System 100 includes point of sale device 102, card reader system 104 and authorization gateway 106 and their associated component systems, each of which can be implemented in hardware or a suitable combination of hardware and software, and which can be one or more software systems for operation ...

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PUM

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Abstract

A system for point-to-point encryption is provided. A card reader system reads unencrypted card data stored on a magnetic stripe of a card and encrypts the card data, the card reader system being contained in a first housing. A point of sale device coupled to the card reader system and contained in a second housing separate from the first housing has a user interface for obtaining a transaction amount. A transaction request system transmits the transaction amount and the encrypted card data to an authorization gateway, wherein the unencrypted card data is prevented from being processed by the point of sale device.

Description

FIELD OF THE INVENTION[0001]The invention relates to providing point-to-point encryption, and more particularly to a system and method for point-to-point encryption that uses an adjunct terminal to replace data reading equipment on a standardized terminal configuration.BACKGROUND OF THE INVENTION[0002]Equipment for reading sensitive information is known in the art. Such equipment includes employee identification badge readers, credit card readers, and bar code readers, and the sensitive information read by each different type of reader is used to control access to the information that is being read.[0003]Unauthorized persons often attempt to obtain such sensitive information, such as by reading the device, so as to use the sensitive information for improper and unauthorized purposes. In the U.S. alone, billions of dollars are lost every year to fraudulent activity involving the unauthorized use of sensitive information, despite ongoing attempts by numerous parties to prevent such lo...

Claims

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Application Information

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Patent Type & AuthorityApplications(United States)
IPC IPC(8): G06Q20/40
CPCG06Q20/20G06Q20/204G06Q20/3567G06Q20/3823H04L2463/102G07F7/082G07F7/1016G07F7/1091H04L63/0428G06Q20/401
InventorZLOTH, SUSANLANE, DANIELSMYTH, BENJAMIN
OwnerMERCHANT LINK LLC