MAGNETIC STRIPE-BASED TRANSACTIONS USING MOBILE COMMUNICATION DEVICES

Title:

MAGNETIC STRIPE-BASED TRANSACTIONS USING MOBILE COMMUNICATION DEVICES

Document Type and Number:

WIPO Patent Application WO/2012/151226

Kind Code:

A3

Abstract:

Magnetic stripe-based transaction enabled mobile communication device embodiments are presented which generally involve a mobile communication device which has been configured to perform transactions that heretofore were completed using a magnetic stripe found on magnetic-stripe cards. In one general embodiment, a mobile communication device generates magnetic stripe data which is used to perform a magnetic stripe-based transaction. To this end, the mobile communication device includes a magnetic stripe device and a computing device. The computing device stores the magnetic stripe data, and the magnetic stripe device is employed to transfer the stored magnetic stripe information so that it can be used to conduct transactions as if a traditional magnetic stripe card were being used.

Inventors:

LIU JIE (US)
PRIYANTHA NISSANKA ARACHCHIGE BODHI (US)
KANSAL AMAN (US)
NATH SUMAN (US)
LYMBEROPOULOS DIMITRIOS (US)
GORACZKO MICHEL (US)

Application Number:

PCT/US2012/036033

Publication Date:

January 03, 2013

Filing Date:

May 02, 2012

Export Citation:

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Assignee:

MICROSOFT CORP (US)

International Classes:

G06K7/08

Foreign References:

US20080126260A1	2008-05-29
US6850916B1	2005-02-01
US20040199474A1	2004-10-07
US4575621A	1986-03-11

Other References: