APPARATUS AND METHOD FOR PERFORMING PAYMENT TRANSACTION USING DYNAMIC MST CONFIGURATION

Title:

APPARATUS AND METHOD FOR PERFORMING PAYMENT TRANSACTION USING DYNAMIC MST CONFIGURATION

Document Type and Number:

WIPO Patent Application WO/2017/034240

Kind Code:

A1

Abstract:

An electronic device and method for performing a payment transaction are provided. The method includes transmitting a configuration request message to a server, receiving one or more configurations from the server, in response to the request message, and transmitting payment information based on the one or more configurations to a point of sale (POS) device. The payment information comprises magnetic strip data.

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Inventors:

MAUNG DAVE (US)
NAINAMVALAPPIL ANEESH (US)
PARK MINSEOK (US)
LIU CHUNG (US)

Application Number:

PCT/KR2016/009194

Publication Date:

March 02, 2017

Filing Date:

August 19, 2016

Export Citation:

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Assignee:

SAMSUNG ELECTRONICS CO LTD (KR)

International Classes:

G06Q20/38; G06Q20/20; G06Q20/30; G06Q20/34

Foreign References:

US20130078921A1	2013-03-28
US8161100B1	2012-04-17
US20140246490A1	2014-09-04
KR20140025431A	2014-03-04
US8504102B2	2013-08-06

Other References: