Patent ID: 8870071

Claim:
A card reader configured to be coupled to mobile device, comprising: a housing, a read head positioned in the housing, the card reader configured to be coupled to a mobile device to receive a signal, the card reader having a slot for swiping a magnetic stripe of a financial transaction card, the slot being utilized for a financial transaction between a buyer and seller, the card reader reading data on the magnetic stripe and producing a signal indicative of data stored on the magnetic stripe, card reader electronics that include a discharge subsystem to put the card reader in a power cycle, and a fake load to provide that the mobile device does not perceive a disconnect of the card reader from the mobile device when the card reader sends the signal to the mobile device; and an output jack adapted to be coupled and de-coupled to at least one of an audio input port or microphone input port of the mobile device and delivering the signal to the mobile device.