Multi-interface processing of electronic payment transactions

A method for a payment terminal to selectively process electronic payment information through a plurality of payment interfaces, the method comprising:

• receiving, at a user interface of the payment terminal, a request to enter a swipe mode;
• providing, at the user interface of the payment terminal, an opt-in confirmation in response to the request to enter the swipe mode, wherein the payment terminal is only permitted to enter the swipe mode when the opt-in confirmation is accepted by a user;
• receiving, at the user interface of the payment terminal, a payment transaction request;
• receiving, at a swipe interface of the payment terminal, electronic payment information of a swipe payment type from a payment card in response to the payment transaction request;
• generating, at the payment terminal, a swipe mode processing indicator based on the payment terminal entering the swipe mode and an indicator that the payment card is a chip card, wherein the swipe mode processing indicator allows the electronic payment information to be processed according to procedures for the swipe payment type;
• transmitting, from a communication interface of the payment terminal, the swipe mode processing indicator and the electronic payment information to one or more payment servers;
• and
• receiving, at the communication interface of the payment terminal, a payment approval response for the electronic payment information, wherein the payment approval response is based on the swipe mode processing indicator.

A payment terminal for selectively processing electronic payment information through a plurality of payment interfaces, the payment terminal comprising:

• a swipe interface configured to receive electronic payment information of a swipe payment type from a magstripe payment card;
• a chip card interface configured to receive electronic payment information from a chip card;
• a communication interface configured to communicate with one or more payment servers;
• a user interface configured to receive a request to enter a swipe mode, an opt-in confirmation, and a payment transaction request;
• one or more processing elements coupled to the swipe interface, communication interface, and the user interface, wherein the one or more processing elements are configured to execute user interface instructions, swipe mode instructions, and transaction processing instructions;
• and
• one or more memories configured to store the user interface instructions, swipe mode instructions, and transaction processing instructions, wherein the user interface instructions cause the one or more processing elements to receive a request from the user interface to enter a swipe mode, provide an opt-in confirmation to the user interface in response to the request to enter the swipe mode, and receive a payment transaction request from the user interface, wherein the swipe mode instructions cause the one or more processing elements to permit the payment terminal to enter the swipe mode only when the opt-in confirmation is accepted by a user and generate a swipe mode processing indicator based on the payment terminal entering the swipe mode and an indicator that the payment card is a chip card, wherein the swipe mode processing indicator allows the electronic payment information to be processed according to procedures for the swipe payment type, and wherein the transaction processing instructions cause the one or more processing elements to receive electronic payment information of the swipe payment type from the payment card in response to the payment transaction request, transmit the swipe mode processing indicator and the electronic payment information to the one or more payment servers via the communication interface, and receive a payment approval response for the electronic payment information, wherein the payment approval response is based on the swipe mode processing indicator.

A non-transitory computer-readable storage medium comprising instructions stored therein, which when executed by one or more processors, cause the one or more processors to perform operations comprising:

• receiving a request to enter a swipe mode from a user interface of the payment terminal;
• providing, to the user interface of the payment terminal, an opt-in confirmation in response to the request to enter the swipe mode, wherein the payment terminal is only permitted to enter the swipe mode when the opt-in confirmation is accepted by a user;
• receiving a payment transaction request from the user interface of the payment terminal;
• receiving electronic payment information of a swipe payment type from a payment card via a swipe interface of the payment terminal in response to the payment transaction request;
• generating, at a processing element, a swipe mode processing indicator based on the payment terminal entering the swipe mode and an indicator that the payment card is a chip card, wherein the swipe mode processing indicator allows the electronic payment information to be processed according to procedures for the swipe payment type;
• providing the swipe mode processing indicator and the electronic payment information for transmission from a communication interface of the payment terminal to one or more payment servers;
• and
• receiving a payment approval response for the electronic payment information from the communication interface of the payment terminal, wherein the payment approval response is based on the swipe mode processing indicator.