Decoding system running on a mobile device and coupled to a payment system that includes at least one of, a user database, a product database and a transaction database

US8640953B2 · 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: Feb 4, 2014
• Expiry date: Mar 14, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F7/0886
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A decoding system runs on a mobile device and is coupled to a payment system. The decoding engine decodes signals produced from a read of a first party's financial transaction card. A transaction engine runs on the mobile device and is coupled to the decoding engine. The transaction engine receives as its input decoded first party's financial transaction card information from the decoding engine. A payment system, in communication with the transaction engine, includes at least one of, a user database, a product database, and transaction database.