System and method for encoding information in magnetic stripe format for use in radio frequency identification transactions

US7805378B2 · kind B2 · utility

Assignee

• American Express Travel Related Services Company, Inc. · US

Inventors

• Michael J. Berardi · North Palm Beach, US
• Michal Bliman · Matawan, US
• David S. Bonalle · New Rochelle, US
• Peter D. Saunders · Salt Lake City, US

Key dates

• Filing date: Aug 30, 2004
• Grant date: Sep 28, 2010
• Expiry date: Feb 24, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G07C9/29
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A transaction device system is associated with a transaction device proxy account identifier, which may be stored in a database on the transaction device system and may be associated with a transaction account identifier for use in completing a transaction. The proxy transaction device identifier may include at least a first portion which corresponds to a portion of the transaction device identifier. The first portion of the proxy transaction device identifier may be segmented into proxy fields where a first segment includes a portion of a transaction account data set, and a second segment has encoded therein an account provider desired information. The proxy account identifier segments are undetectable by receiving systems such that the proxy account identifier emulates a merchant recognizable data transfer format. The account provider system uses the first portion of the transaction device identifier to reassemble the transaction device identifier for use in transaction completion.