System and method for providing signal compatibility

• US 20050067488A1
• Filed: 08/05/2004
• Published: 03/31/2005
• Est. Priority Date: 08/07/2003
• Status: Active Grant

• Current Assignee: ExxonMobil Research & Engineering Company (Exxon Mobil Corporation)
• Original Assignee: ExxonMobil Research & Engineering Company (Exxon Mobil Corporation)
• Inventors: Dua, Robin, Pinkus, Ron Henry, Lowman, Thomas Richard
• Granted Patent: US 7,267,267 B2
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06K 19/06206 the magnetic marking being emulated
• CPC Class Codes: G06K 7/0004 Hybrid readers
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction

Abstract

The present disclosure provides methods and systems for transforming characters stored in a fixed format into an alternate format or template with which the fixed format would otherwise be incompatible. In particular, methods and systems are disclosed for reading a customer identification (CID) number from a radio frequency identification device (RFID) and processing the CID number into a format that is compatible with an otherwise incompatible standard, template, sequence, or combination thereof.

Claims

1. A system for processing a contactless transaction, the system comprising:

a receiver for receiving a radio frequency identification (RFID) signal;

a processor for determining customer identification (CID) information from the received RFID signal;

a conversion module for converting the CID information into a magnetic stripe track format; and

a communication module for communicating the converted CID information in the magnetic stripe track format to a payment processing network.

2. The system of claim 1, wherein the RFID signal does not include a credit card account number.

3. The system of claim 1 wherein the conversion module converts the CID information into credit card track 1 magnetic stripe format.

4. The system of claim 1 wherein the conversion module converts the CID information into credit card track 2 magnetic stripe format.

5. The system of claim 1 wherein the conversion module converts the CID information into credit card track 3 magnetic stripe format.

6. The system of claim 1 wherein the conversion module converts the CID information by compiling additional information with the CID information.

7. The system of claim 6 wherein the additional information is a Bank Identification Number (BIN).

8. The system of claim 6 wherein the additional information is security information.

9. The system of claim 1 wherein the conversion module converts the CID information by including a check digit.

10. A method for processing a contactless transaction the method comprising:

receiving a radio frequency identification (RFID) signal;

determining customer identification (CID) information from the received RFID signal;

converting the CID information into a magnetic stripe track format; and

communicating the converted CID information in the magnetic stripe track format to a payment processing network.

11. The method of claim 10, wherein the RFID signal does not include a credit card account number.

12. The method of claim 10 wherein the conversion of the CID information is a conversion into credit card track 1 magnetic stripe format.

13. The method of claim 10 wherein the conversion of the CID information is a conversion into credit card track 2 magnetic stripe format.

14. The method of claim 10 wherein the conversion of the CID information is a conversion into credit card track 3 magnetic stripe format.

15. The method of claim 10 wherein the conversion of the CID information further comprises compiling additional information with the CID information.

16. The method of claim 15 wherein the additional information is a Bank Identification Number (BIN).

17. The method of claim 15 wherein the additional information is security information.

18. The method of claim 10 wherein the conversion of the CID information further comprises including a check digit.

19. A method for processing a contactless transaction the method comprising:

receiving a radio frequency identification (RFID) signal;

determining unique information from the received RFID signal;

converting the unique information into a magnetic stripe track format; and

communicating the converted unique information in the magnetic stripe track format to a payment processing network.

20. The method of claim 19 wherein the converted unique information comprises a credit card number.

21. The method of claim 19 wherein the converted unique information comprises a debit card number.

22. The method of claim 19 wherein the converted unique information comprises a Bank Identification Number (BIN).

23. A system for processing a contactless transaction the system comprising:

a receiver for receiving a radio frequency identification (RFID) signal;

a processor for determining unique information from the received RFID signal;

a conversion module for converting the unique information into a magnetic stripe track format; and

a communication module for communicating the converted unique information in the magnetic stripe track format to a payment processing network.