Back end of payment system associated with financial transactions using card readers coupled to mobile devices
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Mar 13, 2018
Issued Date -
N/A
app pub date -
Nov 17, 2011
filing date -
Feb 5, 2002
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method of reconstructing a packet that includes financial card information from a mobile device uses a card reader. The card reader has a read head, a slot for swiping a magnetic stripe of a card and device electronics that includes a microcontroller with logic resources with code. The card reader has a unique identifier and associated cryptographic key. The same code is used to produce an encrypted and signed signal. The encrypted and signed signal, that includes the card reader identifier, is sent to the mobile device. The mobile device sends an encrypted and signed packet to a back end of a payment system. A cryptographic key is used to decrypt and verify the contents of the packet at the back end. Non-encrypted financial card information is sent to a payment gateway.
First Claim
Other Claims data not available
Family
International Classification(s)
- 2011 Application Filing Year
- G06Q Class
- 6313 Applications Filed
- 4775 Patents Issued To-Date
- 75.64 % Issued To-Date
Cited Art Landscape
Patent Citation Ranking
- 22 Citation Count
- G06Q Class
- 91.03 % this patent is cited more than
- 7 Age
Maintenance Fees
| Fee | Large entity fee | small entity fee | micro entity fee | due date |
|---|---|---|---|---|
| 7.5 Year Payment | $3600.00 | $1800.00 | $900.00 | Sep 13, 2025 |
| 11.5 Year Payment | $7400.00 | $3700.00 | $1850.00 | Sep 13, 2029 |
