Patent ID: 11861593
Assignee: WELLS FARGO BANK, N.A.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 3:
4. A card recycler system comprising:
a processing circuit, sensor, user interface, slot, card writer, dispenser, payment parts inventory storing a plurality of payment parts, removal mechanism, coupling tool, and memory storing executable instructions that when executed by the processing circuit causes the processing circuit to perform steps of:
receiving, via the slot, a payment card of a user, wherein the payment card includes a payment part, and the payment part is one of: a magstripe or an integrated circuit chip;
obtaining, via the sensor, account data of the user from the payment part and physical characteristics of the payment part;
receiving, via the user interface, a security input from the user;
identifying an account of the user in a database using the security input and the account data;
verifying the security input based on the account;
obtaining based on the physical characteristics of the payment part and the account, a first replacement payment part from the plurality of payment parts stored in the payment parts inventory, wherein the first replacement payment part, comprises encrypted data, and is one of: a replacement magstripe or a replacement integrated circuit chip;
removing, via the removal mechanism, the payment part from the payment card;
installing, via the coupling tool, the first replacement payment part in the payment card;
decrypting, via the card writer, the encrypted data from the first replacement payment part using a decrypting key;
updating, via the card writer, the decrypted data with the account data;
re-encrypting, via the card writer, the updated decrypted data using an encryption key; and
dispensing, via the dispenser, the payment card.