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Decoding systems with a decoding engine running on a mobile device and coupled to a payment system that includes identifying information of second parties qualified to conduct business with the payment system

  • US 9,495,677 B2
  • Filed: 09/09/2013
  • Issued: 11/15/2016
  • Est. Priority Date: 06/10/2009
  • Status: Active Grant
First Claim
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1. A decoding system, comprising:

  • a decoding engine running on a mobile device, the decoding engine in operation;

    decoding incoming signals produced by a card reader from a read of a buyer'"'"'s financial transaction card,initializing incoming signals produced by the card reader from the read of the buyer'"'"'s financial transaction card until the incoming signals reach a steady state,detecting the read of the buyer'"'"'s financial transaction card once the incoming signals produced by the card reader are in the steady state, andidentifying peaks in the incoming signals and digitizing the identified peaks in the incoming signals into bits representing information on the decoded buyer'"'"'s financial transaction card; and

    a transaction engine running on the mobile device and coupled to the decoding engine, the transaction engine in operation;

    receiving as input the decoded buyer'"'"'s financial transaction card information from the decoding engine,serving as an intermediary between the buyer and a merchant so that the buyer does not have to share the information from the decoded buyer'"'"'s financial transaction card with the merchant, andcommunicating with a payment system.

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