MAGNETIC CARD SWIPE EMULATION SYSTEMS AND METHODS

摘要

A system, method, and computer readable medium (collectively, the “system”) are provided. The system may include a processor configured to perform operations and/or steps comprising storing, by a processor, a session key on a mobile device, wherein the session key is encrypted. The system receiving a transaction request, decrypting the session key, and broadcasting a signal configured for being received by a magnetic stripe reader. Track 1 data and/or track 2 data may be encoded in the signal. The track 1 data and/or the track 2 data may also comprise a dynamically generated value that is generated based on the session key.

主权项

1. A method comprising:
storing, by a processor, a plurality of session keys on a mobile device with the session keys having an expected order of use; receiving, by the processor, a transaction request; decrypting, by the processor, a next expected session key from the plurality of session keys; and broadcasting, by the processor, a signal configured for being received by a magnetic stripe reader,
wherein at least one of track 1 data or track 2 data are encoded in the signal,wherein the at least one of the track 1 data or the track 2 data comprises a dynamically generated value, andwherein the dynamically generated value is generated based on the next expected session key.