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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 (MSB), whose primary function is to interface an ordinary or naked smart card, with just a smart chip embedded in, to a magnetic card reader for credit transaction without requiring alteration of the existing card processing infrastructure. This is done using techniques which include magnetic stripe signal emulation. Thus, any smart card is effectively transformed via the use of the MSB into an ordinary magnetic finance card and is admissible for use by any conventional magnetic card reader. Through this MSB and the accompanying methodology, secure smart cards can now be deployed everywhere, including on the Internet, thus significantly reducing the current extensive magnetic finance card fraud and identity theft. In baseline and alternate preferred embodiments, the MSB is adapted for use with lateral, swipe type magnetic card readers. Via an advanced preferred embodiment, an improved AMSB is adapted to enable usage with both swipe-type readers, as well as with ATM-like terminals which require virtually full longitudinal insertion of the card being used.

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First Claim