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US 2002/0153416 A1Published application
Magnetic card swipe signature security system
AssigneeKroll Family Trust
InventorMark W. Kroll
Life of this patent
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Abstract
A method of verifying the identity of the user of a credit card comprising the steps of: having the user pass the credit card stripe through a card reader, measuring the timing of the card stripe passage, applying acceptance criteria to the measured timing, and verifying the identity if the acceptance criteria are met.
Claims21
A method of processing electronic transactions comprising the steps of:
- having a customer pass a transaction card through a magnetic stripe reader,
- measuring the timing parameters associated with the customer's interactions with the magnetic stripe reader,
- transmitting these timing parameters to an analysis site,
- comparing those parameters to a stored reference which has acceptance criteria, and
- using the results of this comparison to make a decision as to whether or not to handle the transaction in a normal manner or not.
2 more elements
A method of increasing the security of credit card transactions comprising the steps of:
- storing at least one card swipe profile for the authorized user of the credit card,
- capturing the card swipe profile during a credit card transaction, and
- comparing the captured card swipe profile with the stored card swipe profile.
A method of verifying the identity of the user of a credit card comprising the steps of:
- having the user pass the credit card stripe through a card reader,
- measuring the timing of the card stripe passage,
- applying acceptance criteria to the measured timing, and
- verifying the identity if the acceptance criteria are met.
1 more element
Dependencies are inferred from the claim text.