System and method for financial services device usage

• US 9,224,274 B1
• Filed: 02/14/2013
• Issued: 12/29/2015
• Est. Priority Date: 02/14/2013
• Status: Active Grant

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: Budde, William, Nolan, Joseph Bradley
• Primary Examiner(s): Hess, Daniel
• Application Number:
  US13/767,422
• Time in Patent Office: 1,048 Days
• Field of Search: 235/379
• US Class Current: 1/1
• CPC Class Codes: G07F 19/201 Accessories of ATMs
• CPC Class Codes: G07F 19/202 Depositing operations within ATMs depositing in general G07D11/00
• CPC Class Codes: G07F 19/21 Retaining of the payment card by ATMs

Abstract

A system and method is provided to enable a financial services device, such as, for example, an ATM or financial services kiosk, to support a variety of card types. The card may be used for login purposes. The financial services device according to exemplary embodiments may be capable of supporting both magnetic strip only cards and EMV type cards. A card is inserted into a card reader, the card type is determined, and the card is removed. When an EMV card is recognized, the financial services may request the card be reinserted into the card reader whereupon it is clamped and held for the duration of interaction with the financial services device.

Claims

1. A computer implemented method comprising:

receiving, electronically from a card reader, information read from a magnetic stripe associated with a card at a financial transaction device, wherein the card is inserted into card reader and then withdrawn;

processing, by a computer processor, the information to determined whether the card is a non-EMV card or an EMV card;

determining, by a computer processor, the card is an EMV card;

providing, electronically, a message requesting the card be reinserted into the card reader after determining the card is an EMV card; and

upon reinsertion of the card, clamping the card into the card reader during a time that a transaction is conducted at the financial transaction device.

2. The computer implemented method of claim 1, further comprising:

determining, by the computer processor, that the card is a magnetic stripe only card, such that the card is not required to be reinserted during the transaction conducted at the financial transaction device.

3. The computer implemented method of claim 1, wherein the financial transaction device is an automated teller machine.

4. A computer implemented method, comprising:

receiving, electronically, indication of an insertion a card into a card reader associated with a financial transaction device;

upon detection of the insertion, clamping the card by the card reader such that the card cannot be removed;

reading, electronically by the card reader, information from magnetic stripe associated with the card;

processing, by a computer processor, the information to determine whether the card is a non-EMV card or an EMV card;

determining, by the computer processor, the card is an EMV card; and

after the determining, maintaining the clamping on the card during a time that a transaction is conducted at the financial transaction device.

5. The computer implemented method of claim 4, further comprising:

determining, by the computer processor, the card is a magnetic stripe only card;

releasing the clamping on the card; and

providing, electronically, a message indicating the card can be withdrawn from the card reader.

6. The computer implemented method of claim 4, wherein the financial transaction device is an automated teller machine.

7. A system, comprising:

a processor; and

a memory comprising computer-readable instructions which when executed by the processor cause the processor to perform the steps comprising;

receiving, from a card reader, information magnetic stripe associated with a card at a financial transaction device, wherein the card is inserted into the card reader and then withdrawn;

processing the information to determine whether the card is a non-EMV card or an EMV card;

determining that the card is an EMV card;

providing a message requesting the card be reinserted into the card reader following the determining that the card is an EMV card; and

causing, upon reinsertion of the card, a clamping of the card by the card reader during a time that a transaction is conducted at the financial transaction device.

8. The system of claim 7, further comprising:

determining that the card is a magnetic stripe only card, such that the card is not required to be reinserted during the transaction.

9. The system of claim 7, wherein the financial transaction device is an automated teller machine.

10. A system comprising:

a processor; and

a memory comprising computer-readable instructions which when executed by the processor cause the processor to perform the steps comprising;

receiving indication of an insertion of a card into a card reader associated with a financial transaction device;

upon detection of the insertion, causing a clamping of the card by the card reader such that the card cannot be removed;

receiving, from a card reader, information from a magnetic stripe associated with a card at a financial transaction device;

processing the information to determine whether the card is a non-EMV card or an EMV card;

determining that the card is an EMV card; and

causing the maintaining of the clamping on the card, after determining the card is an EMV card, during a time that a transaction is conducted at the financial transaction device.

11. The system of claim 10, further comprising:

determining that the card is a magnetic stripe only card;

causing releasing of the clamping on the card; and

providing a message indicating the card can be withdrawn from the card reader.

12. The system of claim 10, wherein the financial transaction device is an automated teller machine.