Proximity transaction apparatus and methods of use thereof
First Claim
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1. A terminal for conducting an ad libitum financial transaction intermediated by a payment token, comprising:
- a radio frequency reader, said reader configured to read a radio frequency payment token presented as a payment medium for said ad libitum financial transaction, said radio frequency reader devoid of a capability to simulate a reader employing reader technology other than radio frequency; and
an output device for confirming that a transaction is being performed
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Abstract
The invention is a transaction terminal configured to perform a financial transaction intermediated by an RFID bearing payment token. The financial transaction is of a general type.
315 Citations
8 Claims
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1. A terminal for conducting an ad libitum financial transaction intermediated by a payment token, comprising:
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a radio frequency reader, said reader configured to read a radio frequency payment token presented as a payment medium for said ad libitum financial transaction, said radio frequency reader devoid of a capability to simulate a reader employing reader technology other than radio frequency; and
an output device for confirming that a transaction is being performed - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A terminal for conducting a financial transaction, comprising:
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a radio frequency reader, said reader configured to read a selected one of a plurality of payment tokens employing dissimilar data formats, and to provide data corresponding to an elicited response from said selected one of a plurality of payment tokens employing dissimilar data formats;
a memory for recording data and a machine-readable program, said memory in communication with said radio frequency reader;
a communication module in communication with said radio frequency reader and said memory, said communication module configured to communicate bidirectionally with a remote computer-based apparatus; and
a processor module in communication with said memory and said radio frequency reader, said processor module configured by said machine-readable program to attempt to decode said data corresponding to said elicited response;
wherein, responsive to an indication that said processor module is not configured to perform said decoding correctly, said communication module is configured to request from said remote computer-based apparatus at least one machine-readable instruction for properly configuring said processor module to decode said data.
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Specification