CARDS AND DEVICES WITH MULTIFUNCTION MAGNETIC EMULATORS AND METHODS FOR USING SAME
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Accused Products
Abstract
A payment card (e.g., credit and/or debit card) is provided with a magnetic emulator operable of communicating information to a magnetic stripe reader. Information used in validating a financial transaction is encrypted based on time such that a validating server requires receipt of the appropriate encrypted information for a period of time to validate a transaction for that period of time. Such dynamic information may be communicated using such an emulator such that a card may be swiped through a magnetic stripe reader—yet communicate different information based on time. An emulator may receive information as well as communicate information to a variety of receivers (e.g., an RFID receiver).
32 Citations
34 Claims
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1-5. -5. (canceled)
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6. A device comprising:
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a magnetic emulator; and a processor, wherein said magnetic emulator is operable to electrically couple, and communicate data to, a read-head located on a magnetic stripe reader, said magnetic emulator is operable to electrically couple, and communicate data to a communications receiver that is not a magnetic-stripe reader, said processor provides a first control signal to said magnetic emulator to provide data to said read-head, and said processor provides a second control signal to said magnetic emulator to provide data to said non-magnetic stripe reader. - View Dependent Claims (7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 25, 26, 29, 31)
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19. A device comprising:
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a magnetic emulator, wherein said magnetic emulator is operable to electrically couple, and communicate data to, a read-head located on a magnetic stripe reader; and a processor for controlling said magnetic emulator, wherein said magnetic emulator is operable to communicate said data to said read-head while located outside of said magnetic stripe reader at a distance of at least a quarter of an inch from said read-head. - View Dependent Claims (20, 21, 22, 23, 24, 27, 28, 30, 32)
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33. A portable telephonic device comprising:
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a magnetic emulator; and a processor, wherein said magnetic emulator is operable to electrically couple, and communicate data to, a read-head located on a magnetic stripe reader, said magnetic emulator is operable to electrically couple, and communicate data to a communications receiver that is not a magnetic-stripe reader, said processor provides a first control signal to said magnetic emulator to provide data to said read-head, and said processor provides a second control signal to said magnetic emulator to provide data to said non-magnetic stripe reader.
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34. A portable telephonic device comprising:
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a magnetic emulator, wherein said magnetic emulator is operable to electrically couple, and communicate data to, a read-head located on a magnetic stripe reader; and a processor for controlling said magnetic emulator, wherein said magnetic emulator is operable to communicate said data to said read-head while located outside of said magnetic stripe reader at a distance of at least a quarter of an inch from said read-head.
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Specification