Magnetic stripe bridge
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United States of America Patent
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-
Aug 19, 2003
Grant Date -
Mar 20, 2003
app pub date -
Sep 18, 2001
filing date -
Sep 18, 2001
priority date (Note) -
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Abstract
A novel 'bridge' device and accompanying methodology which link the world of the smart cards to that of the magnetic finance cards is described. This 'bridge' device is called the 'Magnetic Stripe Bridge' or MSB. The main function of the MSB is to interface an ordinary or 'naked' smart card with just the smart chip embedded in it to a magnetic card reader for credit transaction without altering the existing card processing infrastructure. As such any smart card is effectively transformed via the use of the MSB into an ordinary magnetic finance card and admissible for use by any conventional magnetic card reader. Through the MSB and the accompanying methodology, the secure smart cards can now be deployed everywhere, both on and off the Internet, thus significantly reducing the current rampant magnetic finance card frauds and identity thefts.
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