FUEL DISPENSER PAYMENT SYSTEM AND METHOD
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United States of America Patent
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N/A
Issued Date -
Sep 29, 2011
app pub date -
Mar 7, 2011
filing date -
Mar 7, 2010
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system and method for effecting payment transactions comprising a card reader configured to encrypt a first portion of payment card data received by the card reader from a payment card according to a first encryption scheme associated with the financial institution responsible for an account associated with the payment card and to encrypt a second portion of the payment card data according to a second encryption scheme, where the first portion is sufficient to identify the payment card or account number and to effect a payment transaction involving the payment card or account and where the second portion is sufficient to identify the financial institution but insufficient to identify the payment card or account number.
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