Secure electronic cash-less payment systems and methods

US9727850B2 · kind B2 · utility

Assignee

• Forward Pay Systems, Inc. · US

Inventors

• Verne L. Severson · Chaska, US
• David A. Stark · Markham, CA

Key dates

• Filing date: Mar 29, 2011
• Grant date: Aug 8, 2017
• Expiry date: Aug 7, 2034

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F7/122
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods to provide and maintain secure financial transaction conducted with a credit card or other cashless payment mechanism at a vending machine or other potentially unattended vending or point of sale device. Encapsulated card readers providing end-to-end encryption capabilities encrypt transaction data for secure transmission to a transaction host or server. Pre-authorization transaction data checking maintains account numbers in a secure encrypted format further enhancing security. Protection mechanisms that guard against, and provide warnings of equipment tampering, while also providing a visual indication to customers regarding the security of the system.