Portable E-wallet and universal card

摘要

Universal cards are used in place of all the other traditional cards which a person may want to carry. The universal card can include a short range communications transceiver to communicate with a mobile device. The mobile device can include a user interface and an e-wallet application so that the user can interface with the e-wallet application for programming the universal card via the short range communication link. Once programmed, the universal card emulates a function of a traditional card.

主权项

1. A universal card configured to emulate a traditional card when interacting with a terminal, the universal card comprising:
a short range transceiver configured to connect to a mobile computing device via a short range wireless communication link and to receive instructions for programming the universal card to emulate one of a plurality of traditional cards via the short range communication link, wherein the universal card is configured to determine whether the mobile computing device is authorized to communicate with the universal card in response to a connection with the mobile computing device via the short range wireless communication link, wherein the universal car is configured to permit communication between the mobile computing device and the universal card only if the mobile computing device is authorized to communicate with the universal card; a dynamic magnetic stripe capable of emulating a static magnetic stripe of each of the plurality of traditional cards; and an EMV chip configured to interact with an EMV chip enabled terminal, wherein the EMV chip is associated with a default traditional card of the plurality of traditional cards, wherein the EMV chip complies with the EMV standard; wherein, in response to receiving a request to emulate one of the plurality of traditional cards from the mobile computing device via the short range wireless communication link, the universal card is configured to cause the dynamic magnetic stripe to emulate a static magnetic stripe of the one of the plurality of traditional cards.