Payment unit, system and method

A payment card and payment data technology, applied in the direction of payment architecture, data processing applications, hybrid readers, etc., can solve the problems of contactless and NFC payment mechanisms, such as vulnerable credit cards and their analogs

Inactive Publication Date: 2015-05-13
VANCLARE SE
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0007] While convenient to use, contactless and NFC payment mechanisms risk being deemed too vulnerable to be an alternative or competitor to chip and PIN based credit cards and their analogues

Method used

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  • Payment unit, system and method
  • Payment unit, system and method
  • Payment unit, system and method

Examples

Experimental program
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Effect test

Embodiment Construction

[0027] figure 1 It is a schematic diagram of a contactless payment terminal according to an embodiment of the present invention.

[0028] The contactless payment terminal 10 includes a radio frequency transceiver 20 and a controller 30.

[0029] During the payment of the transaction, the controller is configured to operate the radio frequency transceiver 20 to participate in payment communication with the contactless payment unit 40 to obtain payment data. The controller is further configured to obtain supplementary data from the machine-readable entity 50 physically close to the terminal 10 in a communication separate from the payment communication.

[0030] After the payment data and supplementary data have been obtained (it should be understood that they can be obtained in any order or simultaneously), the controller 30 is configured to generate a payment record from the payment data and the supplementary data.

[0031] The payment data and supplementary data may be combined, encry...

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PUM

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Abstract

A payment terminal 10 includes a payment card reader 40, which obtains payment data, preferably from a contactless payment unit or card 40 that is physically close to the terminal 10. A secondary reader (not shown) obtains supplementary data (211, fig.3) from a machine readable entity such as a passport or travel document. The secondary reader may comprise a radio frequency transceiver. The secondary data is combined with the payment data to form a payment record, and thus makes the payment by contactless methods more secure by providing greater assurance as to the identity of the customer. A method of payment and a payment system are also disclosed. The payment means may alternatively be a NFC payment device, or a chip and pin device.

Description

Technical field [0001] The invention relates to a payment unit, system and method for processing card payment. Background technique [0002] Regardless of the method of processing the payment, the security of the payment transaction is always a major issue. If there is a possibility of fraud, it can be expected that this possibility will be identified and exploited at some point. [0003] Of course, security must always be balanced with convenience. Although many users realize that the most convenient payment method often constitutes a security risk, some users do not know those risks and even those users who know the risks may still choose convenience over security. The more obstacles and verifications set up along the way, the more likely users will choose a less secure alternative method to conduct their transactions. [0004] An increasingly popular method of payment is the contactless payment method. Contactless payment systems usually use radio frequency ID (RFID) type tech...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G07F7/08
CPCG07F7/0873G06Q20/3278G06Q20/352G06K7/0004G06Q20/4014
Inventor C·W·贾曼N·K·泰勒
Owner VANCLARE SE
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