Fuel dispenser payment system and method
OwnerSteve H. Park, Andrew Robinsoninventors
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Abstract
A system and method for effecting payment transactions comprising a card reader configured to encrypt a first portion of payment card data received by the card reader from a payment card according to a first encryption scheme associated with the financial institution responsible for an account associated with the payment card and to encrypt a second portion of the payment card data according to a second encryption scheme, where the first portion is sufficient to identify the payment card or account number and to effect a payment transaction involving the payment card or account and where the second portion is sufficient to identify the financial institution but insufficient to identify the payment card or account number.
Claims22
A system for encrypting payment card data associated with an account maintained by a financial institution, the system comprising:
- a payment card reader configured to:
- receive data from a payment card;
- encrypt a first portion of the payment card data according to a first encryption scheme associated with the financial institution, wherein the first portion of the payment card data is sufficient to identify the account;
- and
- encrypt a second portion of the payment card data according to a second encryption scheme, wherein the second portion of the payment card data comprises data sufficient to identify the financial institution but insufficient to identify the account.
The system of claim 6 wherein the transaction device comprises a point-of-sale device (POS).
The system of claim 6 wherein the transaction device comprises an enhanced dispenser hub.
A method for effecting a payment transaction involving a payment card associated with an account maintained by a financial institution, the method comprising:
- receiving payment card data from a payment card at a payment card reader;
- encrypting a first portion of the payment card data at the payment card reader according to a first encryption scheme, wherein the first portion of payment card data is sufficient to identify the account and the first encryption scheme is associated with the financial institution;
- and
- encrypting a second portion of the payment card data at the payment card reader according to a second encryption scheme, wherein the second portion of payment cards data is sufficient to identify the financial institution but insufficient to identify the account.
Dependencies are inferred from the claim text.