Transaction card with magnetic stripe emulator

• US 4,701,601 A
• Filed: 04/26/1985
• Issued: 10/20/1987
• Est. Priority Date: 04/26/1985
• Status: Expired due to Term

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Francini, Joseph P., Boston, Vincent, Asbo, Einar L.
• Primary Examiner(s): TRAFTON, DAVID
• Application Number:
  US06/727,869
• Time in Patent Office: 907 Days
• Field of Search: 235/449, 235/493, 235/492, 235/380
• US Class Current: 235/449
• CPC Class Codes: G06K 19/06206 the magnetic marking being emulated
• CPC Class Codes: G06K 19/0704 the battery being rechargeable, e.g. solar batteries
• CPC Class Codes: G06K 19/0723 the record carrier comprising an arrangement for non-contact communication, e.g. wireless communication circuits on transponder cards, non-contact smart cards or RFIDs
• CPC Class Codes: G06K 19/07703 the interface being visual
• 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 20/3415 Cards acting autonomously as pay-media
• CPC Class Codes: G07F 7/084 Additional components relating to data transfer and storing, e.g. error detection, self-diagnosis
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system

Abstract

A transaction card is disclosed having a magnetic stripe emulator. The transaction card is adapted for use with presently available transaction terminals that include a sensor for reading a magnetic stripe. The subject card includes a transducer for generating a varying magnetic field corresponding to information typically encoded on a magnetic stripe. In operation, a microprocessor in the card extracts transaction data stored in a memory and supplies output signals to the transducer. The transducer generates a varying magnetic field corresponding to the transaction information which is read by the sensor in the transaction terminal.

Claims

1. A new transaction card having magnetic stripe emulator for use with a transaction terminal intended to interface with standard transaction cards, said standard transaction cards having a magnetic stripe formed thereon and with said terminal having a sensor means for reading transaction information encoded on the magnetic stripe on a standard card, said new card comprising:

a carrier configured to be receivable in the transaction terminal;

processor means within said carrier for generating electrical output signals;

storage means within said carrier and connected to said processor means, said storage means for holding data representative of transaction information; and

transducer means within said carrier and connected to said processor means, said transducer means for generating a varying magnetic field, extending beyond the surface of the carrier, in response to electrical output signals from said processor means, said transducer means being positioned on said carrier to be in alignment with the sensor means of the terminal when said carrier is received in the terminal, with said processor means functioning to extract said data from said storage means and generate and supply output signals to the transducer means, and with the transducer means functioning to generate a varying magnetic field readable by the sensor means in the terminal, said varying magnetic field emulating the varying magnetic field which would exist at the sensor means of the terminal if the magnetic stripe of a standard card having transaction information encoded thereon was scanned by the sensor means.

2. a transaction card as recited in claim 1, further including a means for activating the emulation function.

3. a transaction card as recited in claim 2 wherein said activation means includes a key pad connected to said processor means.

4. A transaction card as recited in claim 3 wherein said storage means further includes data, representative of a secret code associated with the user and wherein said processor means functions to compare data entered into said keypad with the data held in said storage means and if identical said processor means will generate and suppy said output signals to said transducer means.

5. A transaction card as recited in claim 3 wherein said storage means includes a plurality of data sets representative of different accounts and wherein said individual data sets can be selected via said key pad causing said processor means to access said selected data set from the storage means and supply corresponding output signals to said transducer means.

6. A transaction card as recited in claim 5 wherein said key pad includes individual keys associated with each said data set.

7. A transaction card as recited in claim 1 further including a battery means within said carrier.

8. A transaction card as recited in claim 7 further including a solar cell means for charging the battery means.

9. A transaction card as recited in claim 1 wherein said transducer means comprises a thin film head.

10. A transaction card as recited in claim 1 wherein said transducer means is defined by an electromagnetic coil.

11. A transaction card as recited in claim 1 further including a plurality of electrical contacts connected to said processor means to define an electrical data interface.