Systems and methods for conducting financial transactions using non-standard magstripe payment cards
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United States of America Patent
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Dec 15, 2015
Grant Date -
Jun 14, 2012
app pub date -
Dec 13, 2011
filing date -
Dec 13, 2010
priority date (Note) -
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Abstract
Systems and methods for conducting financial transactions using non-standard magstripe payment cards are provided. One such system includes a magnetic stripe card storing information including a serial number on a magnetic medium of the magnetic stripe card, where the stored information does not include a Primary Account Number, a card reader configured to extract information from the magnetic medium, the extracted information including the stored serial number and a magnetic fingerprint including an intrinsic magnetic characteristic of the magnetic medium, and a computer coupled to the card reader and to a server, where the computer and the server are configured to execute a requested financial transaction using the extracted information.
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