Electronic card with a programmable magnetic stripe
AssigneeOmne Mobile Payments LLC
InventorsJordan Chandler Goldman, Daniel Anthony Auten, Carlos Pizarro Leon
Life of this patent
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Abstract
An electronic card with a programmable magnetic band which operates to emulate a magnetic stripe on a payment card. The card connects to a smartphone for reducing the amount of cards in a wallet using a NFC protocol. The electronic card with programmable magnetic band includes a magnetic stripe emulator, NFC communication unit, energy harvesting battery management, and high level security. Buttons are used to enter a personal code for using a default card. The card can be used on all payment terminals, and devices that can read magnetic stripes.
Claims26
A system for performing credit card and debit card transactions comprising:
- a) a card having a predetermined form factor;
- b) a battery unit disposed on said card;
- c) a near field communications unit disposed on said card;
- d) a magnetic stripe emulator disposed on said card;
- e) at least one programmable magnetic band disposed on said card;
- f) a microcomputer unit disposed on said card;
- g) at least one button disposed on said card;
- h) a memory disposed on said card for storing transaction card data used for performing said transactions, wherein said data is temporarily stored in said memory by operation of said near field communications unit communicating with a mobile device;
- wherein said battery supplies power to said microcomputer unit which is electrically coupled to said near field communications unit, and said at least one button,
- said microcomputer unit is configured to operate said magnetic stripe emulator to send signals representing said card data to said at least one programmable magnetic band and to operate said near field communications unit based on signals received from said at least one button and said near field communications unit, and
- said signals are sent to said at least one programmable magnetic band for generating a desired set of magnetic pulses by said at least one programmable magnetic band.
A method for performing credit card and debit card transactions comprising:
- a) generating signals for emulating a magnetic stripe of the type used on credit cards and debit cards by operation of a microcomputer disposed on a card having a predetermined form factor for use as at least one of a debit card and credit card;
- b) sending said generated signals to at least one programmable magnetic band disposed on said card;
- c) generating a desired set of magnetic pulses using said generated signals sent to said at least one programmable magnetic band;
- d) providing power used by said microcomputer and said at least one programmable magnetic band by a battery unit disposed on said card;
- e) said microcomputer unit configured to operate said magnetic stripe emulator by sending said signals to said at least one programmable magnetic band and a near field communications unit disposed on said card based on signals received from at least one button disposed on said card and said near field communications unit,
- wherein said signals correspond to transaction card data used for performing said transactions, said data obtained by operation of said near field communications unit communicating with a mobile device and temporarily stored in a memory disposed on said card.
A system for performing credit card and debit card transactions comprising:
- a) a magnetic stripe emulator;
- b) at least one programmable magnetic band electrically coupled to said emulator for generating a desired set of magnetic pulses;
- wherein said magnetic stripe emulator is configured to send signals to said at least one programmable magnetic band to generate said desired set of magnetic pulses which are for communicating with a transaction terminal used to perform credit card and debit card transactions,
- wherein a near field communications unit is used to communicate with a mobile device to obtain data needed for performing said credit card and debit card transactions, said data temporarily stored in a memory disposed on said card.
A method for performing credit card and debit card transactions comprising:
- a) generating signals for emulating a magnetic stripe of the type used on credit cards and debit cards for use as a functional equivalent of at least one of a debit card and credit card;
- b) sending said generated signals to at least one programmable magnetic band;
- c) generating a desired set of magnetic pulses using said generated signals sent to said at least one programmable magnetic band,
- d) communicating using a near field communications unit to communicate with a mobile device to obtain data used to generate said signals, said data temporarily stored in a memory disposed on said card.
Dependencies are inferred from the claim text.