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
Life of this patent
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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.
Claims19
An enabling card for completing a transaction in a reader comprising;
- a) a processor carried by the enabling card for:
- i) establishing a connection with a mobile device;
- ii) receiving secure information from a the mobile device and generating a digital signal;
- b) means carried by the enabling card for generating a magnetic field in response to the digital signal to simulate the swipe of card in the reader and complete the financial transaction.
A system for completing a financial transaction through a P.O.S. terminal comprising:
- a) a mobile phone having an app for containing encrypted credit card authorization information;
- b) an enabling card comprising:
- a CPU;
- and
- a Bluetooth module for establishing a connection with the mobile phone app
- a coil
- so as to receive the encrypted credit card authorization information;
- c) wherein the CPU translates the encrypted credit card authorization information to generate a digital signal which communicates with the coil to generate a magnetic field to simulate the swipe of a regular credit card in the P.O.S. terminal and complete the transaction.
A method of completing a financial transaction in a P.O.S. terminal comprising the steps of:
- a) inserting an enabling card into the P.O.S. terminal enabling lacking authorization information;
- b) establishing a wireless connection between the enabling card and a mobile phone application containing encrypted credit card authorization information;
- c) transferring the credit card authorization information from the mobile phone to the enabling card;
- c) generating a magnetic field in response to the credit card authorization information transferred the credit card;
- so as to complete the transaction.
An enabling card for completing a transaction in a card reader comprising:
- a) a processor carried by the enabling card for:
- i) establishing a connection with a device;
- ii) receiving secure information from the device and generating a signal;
- b) means carried by the enabling card for generating a magnetic field in response to the signal to simulate the swipe of card in the reader and complete the transaction.
Dependencies are inferred from the claim text.