Contact/contactless and magnetic-stripe data collaboration in a payment card
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United States of America Patent
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app pub date -
Aug 14, 2006
filing date -
Dec 17, 2003
priority date (Note) -
Abandoned
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Abstract
A method of providing a magnetic-stripe type payment card with coupons and micropayment authorizations provides an internal link on a payment card between a contact/contactless processor and a MEMS magnetic device. This communicates information received from a contact/contactless payments infrastructure to be presented to a magnetic stripe payments infrastructure as specially recorded data bits written by the MEMS magnetic device in a magnetic stripe track.
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