System and method for a baseband nearfield magnetic stripe data transmitter
US8690059B1 · kind B1 · utility
31Cited by
7References
23Claims
0Family size
Inventor
Key dates
| Filing date | Mar 14, 2013 |
| Grant date | Apr 8, 2014 |
| Priority date | — |
| Expiry date | Mar 14, 2033 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06K7/08
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
The present invention describes a system and a method for a baseband near-field magnetic stripe data transmitter (MST) device that transmits payment card data from a smart-phone, or other electronic device, into a Point of Sale (POS) transaction terminal. The MST device includes a driver and an inductor. The MST receives magnetic stripe data comprising payment card data, processes the received magnetic stripe data and emits high energy magnetic pulses comprising the processed magnetic stripe data that are then received remotely by the magnetic stripe reader of the POS.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.