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US 9,004,361 B2Granted
Wearable device transaction system
AssigneeTyfone, Inc.
InventorsSiva G. Narendra, Thomas N. Spitzer, Prabhakar Tadepalli
Life of this patent
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Abstract
An electronic transaction card communicates with an add-on slot of an intelligent electronic device. The add-on slot may be a memory card slot. The intelligent electronic device may be a mobile phone or other device with or without network connectivity. The electronic transaction card may have magnetic field producing circuitry compatible with magnetic card readers, smartcard circuitry, other point-of-sale interfaces, or any combination thereof.
Claims17
A transaction system comprising:
- a wearable device having an add-on slot to accept an electronic transaction card;
- and
- an electronic transaction card with smartcard circuitry and circuitry coupled to the smartcard circuitry to produce a time varying magnetic field, wherein the circuitry to produce a time varying magnetic field has dimensions less than 25% of a standard credit card, the electronic transaction card including an interface compatible with the add-on slot of the wearable device.
A transaction system comprising:
- a wearable device having contacts to communicate with an electronic transaction card;
- and
- an electronic transaction card having contacts coupled to the contacts on the wearable device, the electronic transaction card including smartcard circuitry for performing contactless transactions and circuitry coupled to the smartcard circuitry to produce a time varying magnetic field, wherein the circuitry to produce a time varying magnetic field has dimensions less than 25% of a standard credit card.
Dependencies are inferred from the claim text.