36 results about "MasterCard" patented technology

The Customer Activated Multi-Value (CAM) card provides a customer with a primary use as a transaction card which can be further activated to have a secondary use as a credit card. The CAM card can be activated as a transaction card or as a transaction card with a credit card feature. Activation of the CAM card as a transaction card allows the customer to purchase goods and services from one specific vendor and to establish a relationship with that vendor for the goods or services rendered (for example, telephone calling card or gasoline product purchasing card) while enjoying reward benefits based on those purchases. Activation of the credit feature of the card allows the customer to interact with any merchant that accepts traditional credit cards such as VISA®, MASTERCARD®, AMERICAN EXPRESS®, or DISCOVER®. The combination of features allows a customer to purchase various goods and services from several different merchants. If the customer chooses to activate the CAM card as both a transaction card and a credit card, the customer is given the benefit of using the card in both manners described above.

The Customer Activated Multi-Value (CAM) card provides a customer with a primary use as a transaction card which can be further activated to have a secondary use as a credit card. The CAM card can be activated as a transaction card or as a transaction card with a credit card feature. Activation of the CAM card as a transaction card allows the customer to purchase goods and services from one specific vendor and to establish a relationship with that vendor for the goods or services rendered (for example, telephone calling card or gasoline product purchasing card) while enjoying reward benefits based on those to purchases. Activation of the credit feature of the card allows the customer to interact with any merchant that accepts traditional credit cards such as VISA®, MASTERCARD®, AMERICAN EXPRESS®, or DISCOVER®. The combination of features allows a customer to purchase various goods and services from several different merchants. If the customer chooses to activate the CAM card as both a transaction card and a credit card, the customer is given the benefit of using the card in both manners described above.

The Customer Activated Multi-Value (CAM) card provides a customer with a primary use as a transaction card which can be further activated to have a secondary use as a credit card. The CAM card can be activated as a transaction card or as a transaction card with a credit card feature. Activation of the CAM card as a transaction card allows the customer to purchase goods and services from one specific vendor and to establish a relationship with that vendor for the goods or services rendered (for example, telephone calling card or gasoline product purchasing card) while enjoying reward benefits based on those purchases. Activation of the credit feature of the card allows the customer to interact with any merchant that accepts traditional credit cards such as VISA®, MASTERCARD®, AMERICAN EXRESS®, or DISCOVER®. The combination of features allows a customer to purchase various goods and services from several different merchants. If the customer chooses to activate the CAM card as both a transaction card and a credit card, the customer is given the benefit of using the card in both manners described above.

A mobile scanner gun system processes a POS sale transaction and performs real-time daily store level inventory management. The system includes a main body portion extending toward a handle portion and forms an interior cavity and an aperture with a lens. A plurality of Universal Serial Bus (USB) mobile input devices are attached to the mobile scanner gun, including a barcode scanner and payment card input devices including a “Magnetic Stripe Reader” (MSR) and a “Europay, MasterCard and Visa” (EMV) reader, both with USB access to a PIN Entry Device (PED) and a “Near Field Communications” (NFC) reader through a specialized universal serial bus wiring harness. The specialized universal series bus wiring harness is adapted to be attached to and communicate with the mobile tablet device for communicating with a system integrated therein that enables store level real-time inventory management and a fully functioning POS capability for selling merchandise in a retail sales environment. A main Printed Circuit Board (PCB) having a previously programmed Electrically Erasable Programmable Read-Only Memory (EEPROM) controlling all MSR, EMV or NFC operations through the corresponding payment card input devices of each. When a customer payment card is swiped through the MSR slot or dipped into EMV reader or tapped on the NFC reader for payment card processing, customer payment is processed through the proper secured bank card processing network.

Advantageously, the invention is a true competitor for money transfer systems, such as Western Union, Bitcoin, Swift, Visa, MasterCard, etc. The invention is the example of the economy going cashless and killing money transfers as a class. Conventional digital transactions facilitate electronic payment, such as money transfers, payment card charges, e-commerce transactions and any other types of transaction. However, in multiple circumstances, payees may be unbanked people (e.g., children that need money to buy something) or may have no payment card (e.g., may lost card), while payment card fund transfers may be expensive, time-consuming, and cumbersome for financial institutions. Thus, there is need for an improved approach. The invention discloses an automated digital method of providing or sharing access to a payment card and / or similar financial account or a non-payment card and / or similar non-financial account or non-card product, transacts between individuals or legal entities without physical transmission of a payment card, non-payment card, non-card product or its credentials, even without a recipient of an access having a payment card and / or financial account or a non-payment card and / or similar non-financial account or non-card product, particularly by providing or sharing access to a payment card and / or similar financial account or a non-payment card and / or similar non-financial account or non-card product of a sender.

The invention provides an intelligent financial card-reading system. A point-of-sale (POS) terminal acquires transaction information which comprises transaction type, transaction amount and transaction serial number, and combines the transaction information into a corresponding bank card transaction request message; the message does not comprise card information, the personal identification number (PIN) of a bank card, Europay, MasterCard and VISA (EMV) migration relevant data and message authentication code (MAC) signature information; the information can be acquired by swiping the bank card and inputting the PIN on the basis of cooperation of all modules of the intelligent financial card-reading system, and filling a complete transaction request message; a card reader returns processed transaction request data to the POS terminal; the POS terminal continuously communicates with a bank system and is required to forward a response message which is returned by the bank system to the card reader; and the card reader judges whether transaction succeeds. By adoption of the intelligent financial card-reading system, the POS terminal can be simplified to a great extent, the development difficulty of the POS terminal is reduced, and reforming of EMV migration is realized with low cost.

A printed circuit board ("PCB") with a power source. The PCB and power source combination may be inserted into a small electronic device, such as a dynamic transaction card, which may include a dynamic transaction card or a EuroPay-MasterCard-Visa ("EMV") card. For example, a PCB may be manufactured to attach a battery as a power source to one side of a PCB such that the integrated battery directly connects with at least a portion of the PCB side. A rapid energy storage device may also be utilized as a power source. Energy may be harvested from an EMV terminal to charge or recharge a dynamic transaction card or EMV card powered by a rapid energy storage device when the card is inserted into the terminal.

The invention provides a system and method for sending money, locally or internationally, which method includes the steps of, issuing a sender of money with a virtual (credit or debit) card number and a card expiry date, communicating to the intended recipient of the money the virtual card number and card expiry date, presenting the virtual card number and, optionally, the card expiry date, to any merchant with a point-of-sale terminal that is capable of processing credit and / or debit card transactions, processing a key-entered purchase or cash-back transaction, on the point-of sale terminal by keying in the virtual card number provided by the recipient into the point-of-sale, optionally together with the card expiry date and the amount, processing, also known as authorizing, settling and clearing, with a virtual card system, the key-entered transaction by credit and / or debit card transaction clearing means so that the funds are cleared as available to the merchant, and the merchant paying the cleared amount to the recipient, optionally less a processing fee charged to the recipient. The credit and / or debit card accepting terminal also accepts Visa, MasterCard, American express, Diners Club, Discover, JCB, Relation Card and / or CUP credit or debit cards.