Proximity transaction apparatus and methods of use thereof
First Claim
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1. A terminal comprising:
- a transaction module that is executed by a processor and comprises;
a radio frequency reader module that is configured to read a radio frequency payment token presented as a payment medium to receive financial payment data for a financial transaction; and
a transaction processing module that is in direct communication with the radio frequency reader module and in communication with a payment processing entity, whereby the direct communication between the transaction module and the radio frequency reader module prevents translation of data read from the payment token into a simulation of an alternative payment data format before being transmitted from the radio frequency reader module; and
an output device for confirming that a transaction is being performed, wherein each entity that receives the payment token from the transaction module facilitates payment for the transaction.
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Abstract
A transaction terminal may be configured to perform a financial transaction intermediated by an RFID bearing payment token. The financial transaction may be of a general type.
120 Citations
19 Claims
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1. A terminal comprising:
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a transaction module that is executed by a processor and comprises; a radio frequency reader module that is configured to read a radio frequency payment token presented as a payment medium to receive financial payment data for a financial transaction; and a transaction processing module that is in direct communication with the radio frequency reader module and in communication with a payment processing entity, whereby the direct communication between the transaction module and the radio frequency reader module prevents translation of data read from the payment token into a simulation of an alternative payment data format before being transmitted from the radio frequency reader module; and an output device for confirming that a transaction is being performed, wherein each entity that receives the payment token from the transaction module facilitates payment for the transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A terminal for conducting a financial transaction, comprising:
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a radio frequency reader configured to wirelessly read a plurality of payment tokens that each employ dissimilar data formats, wherein the radio frequency reader is further configured to provide data corresponding to an elicited response from each token of the plurality of payment tokens; memory in communication with the radio frequency reader; a communication module in communication with the radio frequency reader, the communication module being configured to communicate with a remote computer-based apparatus; and a processor module in communication with the radio frequency reader, the processor module being configured to attempt to decode the data corresponding to the elicited response; wherein the one or more RFID tags are attached to one or more articles being purchased in the financial transaction, and wherein, responsive to an indication that the processor module is not configured to perform the decoding properly, the communication module is configured to request from the remote computer-based apparatus at least one machine-readable instruction for properly configuring the processor module to decode the data. - View Dependent Claims (10, 11, 12, 13, 14, 15)
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16. A terminal for conducting a financial transaction, wherein the terminal comprises:
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a radio frequency (“
RF”
) reader configured to read a payment token; anda communication module in communication with the RF reader and configured to communicate with a remote computer-based apparatus; wherein the RF reader is operative to transmit data read from the radio frequency payment token without translating the data into an alternative payment data format. - View Dependent Claims (17, 18, 19)
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Specification