Wearable device with time-varying magnetic field and single transaction account numbers

• US 9,251,453 B1
• Filed: 09/27/2015
• Issued: 02/02/2016
• Est. Priority Date: 02/22/2005
• Status: Active Grant

• Current Assignee: iCashe, Inc.
• Original Assignee: Tyfone Incorporated
• Inventors: Narendra, Siva G., Spitzer, Thomas N., Tadepalli, Prabhakar
• Primary Examiner(s): Frech, Karl D
• Application Number:
  US14/866,998
• Publication Number:
  US 20160019450A1
• Time in Patent Office: 128 Days
• Field of Search: 235/462.42, 235/462.43, 235/462.44, 235/472.01, 235/472.02, 235/472.03, 235/379, 235/451
• US Class Current: 1/1
• CPC Class Codes: G06K 19/06187 with magnetically detectable marking
• CPC Class Codes: G06K 19/06206 the magnetic marking being emulated
• CPC Class Codes: G06K 19/07 with integrated circuit chips
• CPC Class Codes: G06K 19/0703 the battery being onboard of a handheld device, e.g. a smart phone or PDA
• 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 19/0727 the arrangement being a circuit facilitating integration of the record carrier with a hand-held device such as a smart phone of PDA
• CPC Class Codes: G06K 19/073 Special arrangements for circuits, e.g. for protecting identification code in memory protection against unauthorised use of computer memory G06F12/14
• CPC Class Codes: G06K 19/07741 comprising a first part operating as a regular record carrier and a second attachable part that changes the functional appearance of said record carrier, e.g. a contact-based smart card with an adapter part which, when attached to the contact card makes the contact card function as a non-contact card
• CPC Class Codes: G06K 19/07758 arrangements for adhering the record carrier to further objects or living beings, functioning as an identification tag
• CPC Class Codes: G06K 19/07762 the adhering arrangement making the record carrier wearable, e.g. having the form of a ring, watch, glove or bracelet record carriers for insertion in the human body for medical purposes A61B90/00; record carriers adapted for attachment to animals A01K11/00
• CPC Class Codes: G06K 7/0008 General problems related to the reading of electronic memory record carriers, independent of its reading method, e.g. power transfer
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• 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 20/353 Payments by cards read by M-devices
• CPC Class Codes: H04M 1/72412 using two-way short-range wireless interfaces

Abstract

An electronic transaction card communicates with an add-on slot of an intelligent electronic device. The add-on slot may be a memory card slot. The intelligent electronic device may be a mobile phone or other device with or without network connectivity. The electronic transaction card may have magnetic field producing circuitry compatible with magnetic card readers, smartcard circuitry, other point-of-sale interfaces, or any combination thereof.

Claims

1. A mobile device comprising:

circuitry to produce a time-varying magnetic field that mimics a swipe of a magnetic card; and

a processor coupled to the circuitry to cause the circuitry to produce a time-varying magnetic field that represents a single transaction account number;

wherein the mobile device comprises a wearable device.

2. The mobile device of claim 1 wherein the mobile device comprises a watch.

3. The mobile device of claim 1 wherein the time-varying magnetic field mimics a swipe of a magnetic credit card.

4. The mobile device of claim 1 wherein the single transaction account number represents financial data.

5. The mobile device of claim 4 wherein the financial data comprises credit card data.

6. The mobile device of claim 1 further comprising smartcard circuitry coupled to the processor.

7. The mobile device of claim 1 wherein the single transaction account number represents access data.

8. The mobile device of claim 1 wherein the time-varying magnetic field mimics a swipe of a magnetic access card.

9. The mobile device of claim 1 wherein the time-varying magnetic field is used to perform point-of-sale transactions.

10. A mobile device comprising:

circuitry to produce a time-varying magnetic field that mimics a swipe of a magnetic card;

smartcard circuitry for performing transactions using single transaction account numbers; and

a processor coupled to the smartcard circuitry and the circuitry to produce a time-varying magnetic field

wherein the mobile device comprises a wearable device.

11. The mobile device of claim 10 wherein the mobile device comprises a watch.

12. The mobile device of claim 10 wherein the smartcard circuitry is configured to perform point-of-sale transactions.

13. The mobile device of claim 10 wherein the transactions are financial transactions.

14. The mobile device of claim 10 wherein the time-varying magnetic field mimics a swipe of a magnetic credit card.

15. The mobile device of claim 10 wherein the single transaction account numbers have a pre-defined sequence.

16. The mobile device of claim 10 wherein the single transaction account numbers comprise pre-assigned single-use transaction numbers.

17. A mobile device comprising:

circuitry to produce a time-varying magnetic field that mimics a swipe of a magnetic card;

circuitry to enable use of single transaction account numbers; and

a processor coupled to the circuitry to produce a time-varying magnetic field and to the circuitry to enable use of single transaction account numbers, the processor configured to cause a time-varying magnetic field to be produced that represents a single transaction account number;

wherein the mobile device comprises a wearable device.

18. The mobile device of claim 17 wherein the circuitry to enable use of single transaction account numbers comprises smartcard circuitry.

19. The mobile device of claim 17 wherein the single transaction account numbers have a pre-defined sequence.

20. The mobile device of claim 17 wherein the single transaction account numbers comprise pre-assigned single-use transaction numbers.

21. An apparatus comprising:

a wearable housing; and

circuitry for producing a time-varying magnetic field compatible with a magnetic card reader, wherein the time-varying magnetic field represents a single transaction account number.

22. The apparatus of claim 21 wherein the wearable housing comprises a watch.

23. The apparatus of claim 21 wherein the time-varying magnetic field is compatible with a point-of-sale device.

24. The apparatus of claim 21 further comprising a circuit to communicate over a network.

25. The apparatus of claim 24 wherein the apparatus is configured to report transactions over the network.

26. The apparatus of claim 21 further comprising smartcard circuitry.