US 11,176,538 B2
MULTI-FUNCTION SMART TOKENIZING ELECTRONIC PAYMENT DEVICEGeneral
US 11,176,538 B2
MULTI-FUNCTION SMART TOKENIZING ELECTRONIC PAYMENT DEVICE
Tech Center:
2800 Semiconductors/Memory, Circuits/Measuring and Testing, Optics/Photocopying, Printing/Measuring and Testing
Examiner:
Seung H Lee
Art Unit:
2887 Optics
Agent:
CARDWARE, INC.
Inventors:
David WYATT
Assignee:
Priority:
03/17/14
Filed:
10/20/20
Granted:
11/16/21
Expiration:
03/15/33
Abstract
An embodiment includes a multi-function electronic device capable of generating a programmed magnetic field of alternating polarity based on a speed of a card swipe, and methods for constructing the device for the purpose of emulating a standard credit card. An apparatus is described to allow the device to emulate behavior of a credit card when used in electronic credit card readers. Additionally, methods are described to allow user control of the device for the purpose of authorizing or controlling use of the device in the application of credit, debit and cash transactions, including cryptocurrency and device-to-device transactions. Methods are also described for generating a limited-duration payment number when performing a transaction for the purpose of creating a limited-use payment number, which is limited in scope of use to a predetermined number of authorized transactions. Furthermore the device may interact with other similar devices in proximity for the purpose of funds or credit/debit transfers.
Cooperative Patent Classification (CPC)
G06G06Q20/3827G06K19/06206G06QG07F7/0873G07F