Wireless Transaction Instrument Having Display And On-Board Power Supply And Method Of Using Same
First Claim
1. A contactless transaction device comprising a radio frequency (RF) communication system, and operable to provide, via that RF communication system, account data compatible with Track 1/Track 2 format, the contactless transaction device further comprising a magnetic stripe configured to store account data in magnetic stripe Track 1/Track 2 format, a display, and an on-board power source.
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Accused Products
Abstract
A wireless financial transaction instrument, such as a card, has a magnetic stripe, a display, and an on-board power supply, such as a battery, and is usable with a dual capture point of sale terminal. Information is received by such a terminal from the card wirelessly, and also from the magnetic stripe, and the data received contactlessly is preferably used to verify that read from the stripe. The display can display the account number on command, or to display a current balance, or amount of credit remaining, or any combination of these items of information.
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Citations
30 Claims
- 1. A contactless transaction device comprising a radio frequency (RF) communication system, and operable to provide, via that RF communication system, account data compatible with Track 1/Track 2 format, the contactless transaction device further comprising a magnetic stripe configured to store account data in magnetic stripe Track 1/Track 2 format, a display, and an on-board power source.
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12. A transaction system, comprising:
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a contactless transaction device comprising a radio frequency (RF) communication system, and operable to provide, via that RF communication system, account data compatible with Track 1/Track 2 format, the contactless transaction device further comprising a magnetic stripe configured to store account data in magnetic stripe Track 1/Track 2 format, a display, and an on-board power source; and a reader operable to provide an interrogation signal to the transaction device, and to receive the Track 1/Track 2 compatible account data via RF communication from the transaction device, the reader comprising a magnetic stripe reader for reading the magnetic stripe of the contactless transaction device. - View Dependent Claims (13, 14, 15, 16, 17)
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18. A method for reading and using data from a device, the method comprising the steps of:
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receiving contactless account data from the device, via radio frequency (RF) communication, the contactless account data being compatible with Track 1/Track 2 format, reading magnetic-stripe account data from a magnetic stripe in the device, the magnetic-stripe account data being compatible with magnetic-stripe Track 1/Track 2 format and at least a portion of the magnetic-stripe account data having been dynamically changed prior to the reading step; comparing and verifying the contactless account data with the magnetic-stripe account data.
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19. A method for performing a transaction, the method comprising the steps of:
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outputting from a transaction device, via radio frequency (RF) communication, in response to an interrogation signal, account data compatible with Track 1/Track 2 format, the account data including an account number for a financial transaction account, wherein the transaction device comprises a radio frequency (RF) communication system, and is operable to provide, via that RF communication system, account data compatible with Track 1/Track 2 format, the transaction device further comprising a magnetic stripe configured to store account data in magnetic stripe Track 1/Track 2 format, a display, and an on-board power source; receiving the Track 1/Track 2 compatible account data via RF communication from the transaction device; reading the magnetic stripe; and outputting the account data to a transaction completion system in magnetic stripe Track 1/Track 2 format. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27)
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- 28. A contactless transaction device comprising a radio frequency (RF) communication system, and operable to store first data and to communicate that first data via that RF communication system, the contactless transaction device further comprising a magnetic stripe configured to store second data, a display, and an on-board power source, the RF communication system being constructed to respond to an interrogation signal from outside the device by communicating at least a portion of the first data, and the magnetic stripe being constructed to permit reading of the second data therefrom by means of a magnetic-strip reader, whereby the second data read from the magnetic stripe can be validated by means of comparison with the first data communicated via the RF communication system.
Specification