Patent ID: 8820649
Filing Date: 2014-09-02
Classification: G06K

Abstract:
1. A system for performing credit card and debit card transactions comprising: a) a card having a predetermined form factor; b) a battery unit disposed on said card; c) a near field communications unit disposed on said card; d) a magnetic stripe emulator disposed on said card; e) at least one programmable magnetic band disposed on said card; f) a microcomputer unit disposed on said card; g) at least one button disposed on said card; h) a memory disposed on said card for storing transaction card data used for performing said transactions, wherein said data is stored in said memory by operation of said near field communications unit communicating with a mobile device; i) a pair of detectors disposed on said card adjacent to said at least one programmable magnetic band, wherein said detectors are configured to detect a magnetic reader read head by a generated Hall effect, wherein said battery supplies power to said microcomputer unit which is electrically coupled to said near field communications unit, and said at least one button, said microcomputer unit is configured to operate said magnetic stripe emulator to send signals representing said card data to said at least one programmable magnetic band and to operate said near field communications unit based on signals received from said at least one button and said near field communications unit, and said signals are sent to said at least one programmable magnetic band for generating a desired set of magnetic pulses by said at least one programmable magnetic band.