SYSTEM AND METHOD OF SAFE DOWNLOADING, STORAGE AND TRANSMISSION OF DATA FROM MAGNETIC STRIPS IN THE DEVICE WORKING WITH THE MOBILE WALLET SYSTEM Russian patent published in 2018 - IPC G06Q20/00 G06K7/08 

Abstract RU 2659024 C2

FIELD: computing; counting.

SUBSTANCE: invention relates to the “Mobile Wallet” application implementation system and method. Payment card capturing, storage and transmitting system and method, with the ability to transmit magnetic strip data without contacting the magnetic reading head are implemented using the magnetic field transmitter, which includes the driving mechanism and induction coil, microprocessor, memory device element or safety element, storage battery, magnetic card reader (MCR), “Audio Jack” interface working in conjunction with the user's mobile communication device and the “mobile wallet” application for the card magnetic strip data capturing, secure data storage and this data transfer to the merchant's point of sale terminal, cash settlement system or other MCR device.

EFFECT: technical result consists in ensuring of the purchases making convenience for the buyers, as well as the transactions security and informative nature for the sellers.

23 cl, 6 dwg

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RU 2 659 024 C2

Authors

Grejlin Uilyam V.

Dates

2018-06-26Published

2014-02-20Filed