Enabling card and method and system using the enabling card in a POS
AssigneeDashpass Inc.
InventorsAlessandro Andriani, Leonardo Covello, Mario Crudo, Bruce Silcoff, Jonathan Silver
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Abstract
The invention relates to an enabling card as well as a system and method for completing a financial transaction in a P.O.S. terminal comprising: a processor carried by the enabling card for: establishing a connection with a mobile device; receiving secure information from a mobile device and generating a digital signal; a coil carried by the enabling card for generating a magnetic field in response to the digital signal to simulate the swipe of card in the P.O.S. terminal and complete the financial transaction.
Claims20
An enabling card for performing a transaction in a reader comprising:
- a plurality of coils and a strip of Mu-metal positioned therebetween carried by the enabling card;
- and
- a hardware processor carried by the enabling card, coupled to the plurality of coils, and configured to:
- i) establish a connection with a mobile device;
- ii) receive secure information from the mobile device;
- and
- iii) generate a signal coupled to the plurality of coils,
- wherein the plurality of coils generate a magnetic field to simulate a swipe of a regular credit card in the reader.
Dependencies are inferred from the claim text.