Decoding systems with a decoding engine running on a mobile device and coupled to a payment system

US9824350B2 · 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: Oct 18, 2013
• Grant date: Nov 21, 2017
• Expiry date: May 6, 2034

Classification

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

Abstract

A decoding system with a decoding engine running on a tablet. The decoding engine decodes signals produced from a read of a buyer's financial transaction card, accepts and initializes incoming signals from a read of a buyer's financial transaction card until the signals reach a steady state, detects the read of the buyer's financial transaction card once the incoming signals are in a steady stat, identifies peaks in the incoming signals and digitizes the identified peaks in the incoming signals into bits. A transaction engine runs on the tablet and is coupled to the decoding engine. A payment system is in communication with the transaction engine and with a buyer's financial transaction card institution or a first party's financial account.