Patent ID: 8439271
Filing Date: 2013-05-14
Classification: G06Q,G07F,H04M

Abstract:
1. A mobile device for integrating proximity payment transaction parameters for a payment-by-proximity transaction in an industry standard—ISO-7811—formatted data structure, wherein said data structure comprises at least one of industry-standard Track 1, Track 2 and Track 3 magnetic card data structures, such that said proximity payment transaction parameters are in a format compatible with an electronic payment system infrastructure for processing magnetic stripe card payment transactions, the mobile device comprising: a) an antenna; b) a memory device storing a bitmap, wherein said bitmap identifies positions in a discretionary data field of a magnetic card industry standard formatted data structure associated with said mobile device; c) a processing unit coupled to said antenna and said memory device, arranged to contactlessly transmit to a proximity payment terminal said bitmap for placing proximity payment transaction parameters in said discretionary data field of said industry standard magnetic card formatted data structure at positions identified by said bitmap, and further wherein the resulting electronic proximity payment transaction processing message generated by said proximity payment terminal using said bitmap is in a standard magnetic stripe format compatible with electronic payment system infrastructure for processing magnetic stripe card payment transactions and so that the payment-by-proximity transaction is processed by said electronic payment system infrastructure as if the payment-by-proximity transaction is a standard magnetic stripe card payment transaction.