Wallet consolidator

• US 20010045454A1
• Filed: 08/06/2001
• Published: 11/29/2001
• Est. Priority Date: 05/29/1998
• Status: Active Grant

• Current Assignee: Stripe, Inc.
• Original Assignee: E-Micro Corporation
• Inventors: Gangi, Frank J.
• Granted Patent: US 7,349,885 B2
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06K 7/0004 Hybrid readers
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/16 Payments settled via telecommunication systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/208 Input by product or record sensing, e.g. weighing or scanner processing
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/3574 Multiple applications on card
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3829 involving key management
• CPC Class Codes: G06Q 20/383 Anonymous user system
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G06Q 30/0238 at point-of-sale [POS]
• CPC Class Codes: G06Q 30/0253 : During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/06 : Buying, selling or leasing transactions
• CPC Class Codes: G07F 7/08 : by coded identity card or credit card or other personal identification means without personal verification means G07F7/02
• CPC Class Codes: G07F 7/0886 : the card reader being portable for interacting with a POS or ECR in realizing a payment transaction
• CPC Class Codes: G07F 7/0893 : the card reader reading the card in a contactless manner
• CPC Class Codes: G07F 7/1008 : Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
• CPC Class Codes: G07F 7/12 : Card verification

Abstract

A method and apparatus for warehousing information in a wallet consolidator. The wallet consolidator includes a controller for controlling operation of the wallet consolidator, a magnetic stripe reader/writer for reading and writing magnetic stripes, a bar code scanner for scanning bar codes, a keypad for inputting user selections and commands, a memory for storing information provided to the wallet consolidator, a smart card interface for effectuating communication between the wallet consolidator and a smart card and a display screen for displaying text and graphics, the display screen further for displaying a bar code pattern capable of being scanned by a bar code reader. To store information in the wallet consolidator, or alternatively in a smart card interfaced to the wallet consolidator, information is read from magnetic stripes on various types of cards such as, but not limited to, credit, debit and identification cards. Additionally, images of the cards including, but not limited to, signatures and portraits are downloaded and stored. A user retrieves the information from any of the stored magnetic stripes and writes the information to a single magnetic stripe for use in a point of sale transaction. Similarly, stored images are retrieved and displayed on a display screen including a bar code which can be scanned by a bar code scanner.

Claims

1. A wallet consolidator comprising:

a controller for controlling operation of the wallet consolidator;

a magnetic stripe reader/writer for reading and writing magnetic stripes;

means for inputting user selections and commands;

a memory for storing information provided to the wallet consolidator; and

a smart card interface for effectuating communication between the wallet consolidator and a smart card.

2. The wallet consolidator, as recited in

claim 1

, wherein the means for inputting user selections and commands is a user input cluster.

3. The wallet consolidator, as recited in

claim 1

, wherein the means for inputting user selections and commands is a keypad.

4. The wallet consolidator, as recited in

claim 1

, further comprising a display screen for displaying text and graphics, the display screen further for displaying a bar code pattern capable of being scanned by a bar code reader.

5. The wallet consolidator, as recited in

claim 4

, wherein the display screen is a touch sensitive display screen further effectuating an input to the wallet consolidator.

6. The wallet consolidator, as recited in

claim 1

, further comprising a telephone interface for effectuating communication between the wallet consolidator and computing devices via a telephone network.

7. The wallet consolidator, as recited in

claim 1

, further comprising a data interface for effectuating communication between the wallet consolidator and computing devices.

8. The wallet consolidator, as recited in

claim 7

, wherein the data interface is effectuated using a serial data line.

9. The wallet consolidator, as recited in

claim 7

, wherein the data interface is effectuated using a parallel data line.

10. The wallet consolidator, as recited in

claim 1

, further comprising a bar code scanner for scanning bar codes.

11. The wallet consolidator, as recited in

claim 1

, further comprising a wireless communication interface.

12. The wallet consolidator, as recited in

claim 11

, wherein the wireless communication interface is effectuated using a radio frequency transceiver.

13. The wallet consolidator, as recited in

claim 11

, wherein the wireless communication interface is effectuated using an infrared transceiver.

14. A wallet consolidator comprising:

a controller for controlling operation of the wallet consolidator;

a magnetic stripe reader/writer for reading and writing magnetic stripes;

a keypad for inputting user selections and commands;

a memory for storing information provided to the wallet consolidator;

a smart card interface for effectuating communication between the wallet consolidator and a smart card; and

a display screen for displaying text and graphics, the display screen further for displaying a bar code pattern capable of being scanned by a bar code reader.

15. A method for warehousing information in a wallet consolidator comprising the steps of

reading information from a magnetic stripe;

storing the information in a memory;

selecting information, from among the stored information, to write to a magnetic stripe; and

writing the selected information on a magnetic stripe.

16. The method, as recited in

claim 15

, wherein the step of storing the information in the memory comprises the step of storing the information in a smart card, and further wherein, the step of writing the selected information on the magnetic stripe further comprises the step of retrieving the information from the smart card.

17. The method, as recited in

claim 15

, further comprising the step of entering passcode information.

18. The method, as recited in

claim 15

, further comprising the steps of:

scanning a bar code from a card;

storing the scanned bar code;

selecting a stored bar code; and

displaying the selected bar code on a display screen for scanning by a bar code scanner.

19. The method, as recited in

claim 15

, further comprising the steps of:

downloading information;

storing the downloaded information;

selecting stored information; and

downloading the selected information.