Cards and devices with multifunction magnetic emulators and methods for using same

摘要

A payment card (e.g., credit and/or debit card) is provided with a magnetic emulator operable of communicating information to a magnetic stripe reader. Information used in validating a financial transaction is encrypted based on time such that a validating server requires receipt of the appropriate encrypted information for a period of time to validate a transaction for that period of time. Such dynamic information may be communicated using such an emulator such that a card may be swiped through a magnetic stripe reader—yet communicate different information based on time. An emulator may receive information as well as communicate information to a variety of receivers (e.g., an RFID receiver).

主权项

1. A system comprising:
a magnetic emulator, wherein said magnetic emulator is operable to electrically couple, and communicate data to, a read-head located on a magnetic stripe reader; and a magnetic shielding statically located about said magnetic emulator, wherein said read-head is inoperable to receive data from said magnetic emulator when said magnetic shielding is between said magnetic emulator and said read-head.