Decoding systems with a decoding engine running on a mobile device and coupled to a social network

US8571989B2 · kind B2 · utility

Assignee

• INC SQUARE, CO., LTD · JP

Inventors

• Jack Dorsey · San Francisco, US
• William Henderson · San Francisco, US
• Brian Grassadonia · San Francisco, US
• James M. McKelvey · Miami, US
• Xuancong Wen · San Francisco, US

Key dates

• Filing date: Mar 14, 2013
• Grant date: Oct 29, 2013
• Expiry date: Mar 14, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A decoding system has a decoding engine running on a mobile device. The decoding engine decodes signals produced from a read of a first party's financial transaction card, accepts and initializes incoming signals from a read of a first party's financial transaction card, and detects a read of the first party's financial transaction card. The transaction engine receives as its input decoded first party's financial transaction card information from the decoding engine, and serves as an intermediary between the first party and a second party, so that the first party does not have to share his/her financial transaction card information with the second party. A social network is in communication with the transaction engine.