System and method for providing signal compatibility
First Claim
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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 by compiling one or more Bank Identification Numbers (BINs) with the CD information; and
a communication module for communicating the converted CID information in the magnetic stripe track format to a payment processing network.
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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.
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Citations
20 Claims
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1. A system for processing a contactless transaction, the system comprising:
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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 by compiling one or more Bank Identification Numbers (BINs) with the CD information; and a communication module for communicating the converted CID information in the magnetic stripe track format to a payment processing network. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method for processing a contactless transaction the method comprising:
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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 by compiling one or more Bank Identification Numbers (BINs) with the CID information; and communicating the converted CID information in the magnetic stripe track format to a payment processing network. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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17. A method for processing a contactless transaction the method comprising:
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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 by compiling one or more Bank Identification Numbers (BINs) with the CID information; and communicating the converted unique information in the magnetic stripe track format to a payment processing network. - View Dependent Claims (18, 19)
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20. A system for processing a contactless transaction the system comprising:
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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 by compiling one or more Bank Identification Numbers (BINs) with the CID information; and a communication module for communicating the converted unique information in the magnetic stripe track format to a payment processing network.
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Specification