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Magnetic Stripe bridge

  • US 20030052168A1
  • Filed: 09/18/2001
  • Published: 03/20/2003
  • Est. Priority Date: 09/18/2001
  • Status: Active Grant
First Claim
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1. A method of providing an improved level of security in a system for interfacing a smart card for credit/debit/financial transactions with a magnetic stripe card reading and processing capability, said smart card having electronic data stored therein for enabling a user to initiate and complete a transaction while itself remaining unaltered, said method comprising the steps of:

  • (a) providing a magnetic stripe bridge having means for interfacing and communicating with said smart card, means for entering a user'"'"'s PIN into said bridge for verification comparison with portions of said stored data, means for producing simulated magnetic stripe signals responsive in part to data derived from said stored data;

    (b) upon successful verification of said PIN with portions of said stored data, said smart card may be removed from said bridge;

    (c) producing simulated magnetic stripe signals only upon successful verification of said PIN with portions of said stored data; and

    (d) whereby said bridge alone may be used to initiate and complete a credit/debit/financial transaction by providing said simulated magnetic stripe signals in the absence of a removed smart card.

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