US 2019/0197520 A1 · MULTI-FUNCTIONAL CREDIT CARD TYPE PORTABLE ELECTRONIC DEVICE

Abstract

An embodiment includes a credit card device capable of generating a programmed magnetic field of alternating polarity based on a speed of a card swipe, and methods for constructing the device for the purpose of emulating a standard credit card. An apparatus is described to allow said device to emulate behavior of a credit card when used in electronic credit card readers. Additionally methods are described to allow user control of said device for the purpose of authorizing or controlling use of said device in the application of credit, debit and cash transactions, including cryptocurrency and card-to-card transactions. Methods are also described for generating a limited-duration credit card number when performing a transaction for the purpose of creating a limited-use credit card number, which is limited in scope of use to a predetermined number of authorized transactions. Furthermore said device may interact with other similar devices in proximity for the purpose of funds or credit/debit transfers.

Claims20

Dependent claims

An apparatus comprising:

a thin card shaped sized body;
a memory configured to store a plurality of identification data;
a processor coupled to the memory, wherein the processor is configured to generate a card information based on the plurality of identification data, wherein the generated card information is configured to be used in place of card issuer information;
a wireless interface configured to wirelessly communicate the card information, wherein the processor is configured to transmit the card information via the wireless interface;
and
a real-time clock configured to produce a timestamp.

3 more elements

Dependencies are inferred from the claim text.

Facts

Application

16/025,829Filed 2 Jul 2018

Priority

15 Mar 2013

Published

27 Jun 2019

Term ends

Not estimatedThe source records don’t support an estimate.

Classification20 codes

G06Q 20/341
Using cards, e.g. integrated circuit [IC] cards or magnetic cards: active cards, i.e. cards including their own processing means, e.g. including…
G06K 19/06206
With magnetically detectable marking: the magnetic marking being emulated
G06K 19/0716
With integrated circuit chips: at least one of the integrated circuit chips comprising a sensor or an interface to a sensor
G06K 19/07749
Constructional details, e.g. mounting of circuits in the carrier: the record carrier being capable of non-contact communication, e.g.…

Family

Application61/794,891Us provisional application · filed 15 Mar 2013

Application14/217,261Continuation · filed 17 Mar 2014

Application14/680,946Continuation · filed 7 Apr 2015

Application15/250,698Continuation · filed 29 Aug 2016

Application16/025,829Continuation

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