Automated banking machine with noncontact reading of card data
US9033221B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 18, 2013 |
| Grant date | May 19, 2015 |
| Priority date | — |
| Expiry date | Jul 22, 2033 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/326
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An automated banking machine is part of a banking system that can operate to cause financial transfers responsive to data read from data bearing records. The machine can also receive user card data from a cell phone, including an electronic account number. The phone's banking application encrypts the account number along with an inputted random number which was generated by the machine. The phone then displays a bar code image containing the encrypted data. The machine includes a bar code reader. The random number is used to verify the current transaction session. Thereafter, normal transaction flow can follow, including PIN input. The process allows for secure input of card data without physical insertion of a card. Thus, fraudulent activities based on card insertion can be reduced.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.