CELLULAR CREDIT CARD TERMINAL SERIAL
CELLULAR CREDIT CARD TERMINAL CODE

This practice creates charge backs for the Merchant, and ultimately costs the processor in terms of disputed card purchases, and the attendant labor costs in resolving disputes between the card holder and the Merchant accepting the card.

While the card may be valid and good for the purchase amount, the person utilizing the card number to effect the purchase, may not be authorized to do so. The instances of credit card fraud when the raised numbers on the front of the credit card a merely copied down mechanically and not electronically processed are a calculated risk for both the merchant accepting the card, (since there is no real-time verification), as well as the credit card processing company, giving the authorization.

When the same credit card is slid though or inserted into an electronic credit card reader device or smartcard mechanism, and the card is magnetically or internally read out, as in the case in most retail stores and restaurants, the credit card fraud factor is reduced, especially since at the time the credit card is swiped or read electronically, the card holder is almost always present at the time of the transaction. Not only is this procedure inconvenient and time consuming (especially in the event of a busy line, being placed on hold, or the customer service rep's terminal being down), it creates increased losses due to fraud, for the credit card issuing companies and at the same time costs the merchant accepting payments in the field, additional processing fees due to the inherent and perceived risks of potential fraud.

CELLULAR CREDIT CARD TERMINAL CODE

This invention relates to the processing of credit card transactions in the field, where ordinarily a credit card can only be processed by manually sliding a credit card imprinter device across the card while the card is held inside a mechanical device, then telephoning the raised credit card information manually to a customer service representative at a credit-card processing center, then manually recording an authorization code recited over the phone orally by the person processing the transaction (assuming the card is not canceled, stolen, or over its' spending limit). The secure session is accomplished by an IP session, dial-up session, or cellular overhead signaling and Messaging session. The said module connects to a credit card processing center, a retail sales organization, a bill payment center, or an Internet sales organization, to effect purchases, pay bills, settle accounts and effect secure transmissions for financial transactions via a secure Internet portal, either via the Internet or via a private network. I claim, all of the components in claim 1 above, with the exception that the plug-in module is tethered on a cable, which plugs into the external data port of the standard off the shelf hand-held cellular phone, and the module is glued, velcroved, or otherwise temporarily affixed to the side or back of the cellular phone, and can be removed at anytime by simply unplugging the cale and peeling off the card slot module from the velcrove adhesive. A T-DES or AES type approved encryption module consisting of an ASIC part configured to receive input data unencrypted and output data in an NSA certified encryption standard, with internal pseudo random key generation encapsulated in a hardened epoxy resin.Ģ. An I/R(infra-red) wireless printer of P/C interface (standard protocols) 6. A credit card magnetic stripe reader head 2.

CELLULAR CREDIT CARD TERMINAL SERIAL

I claim, a plug-in attachment module for any manufactured cellular telephone as an after market device, which attaches to the unmodified off the shelf, hand-held cellular telephone, by connecting through the standard external data port, either via an RS-232 configuration, a USB configuration or a three-wire serial configuration, and said module to be comprised of and contain: 1. Ultrasonic transmitter and receiver systems and products using the sameĭynamic encryption of payment card numbers in electronic payment transactionsġ. METHOD OF AND APPARATUS FOR IMAGING TARGETS BY UTILIZING MULTIPLE IMAGING MODULES WITH ON-BOARD LOCAL MICROPROCESSORS SECURITY CODING SYSTEM AND MARKER, OPTOELECTRONIC SCANNER AND METHOD OF CODING ARTICLESįluid Movement Tracking System, Especially Suitable for Water and Crude Oil Produced in Connection With Oil and Gas Well Operations

Cellular credit card terminal