Mobile device with time-varying magnetic field
View Patent ↗An electronic transaction card communicates with an add-on slot of an intelligent electronic device. The add-on slot may be a memory card slot. The intelligent electronic device may be a mobile phone or other device with or without network connectivity. The electronic transaction card may have magnetic field producing circuitry compatible with magnetic card readers, smartcard circuitry, other point-of-sale interfaces, or any combination thereof.
1. A mobile device comprising:
circuitry to produce a time-varying magnetic field that mimics a swipe of a magnetic card;
a memory to hold transaction data; and
a processor coupled to the circuitry to cause the circuitry to produce a time-varying magnetic field that represents the transaction data;
wherein the mobile device comprises a mobile phone.
2. The mobile device of claim 1 wherein the time-varying magnetic field mimics a swipe of a magnetic credit card.
3. The mobile device of claim 1 wherein the transaction data comprises financial data.
4. The mobile device of claim 3 wherein the financial data comprises credit card data.
5. The mobile device of claim 1 further comprising smartcard circuitry coupled to the memory and the processor.
6. The mobile device of claim 1 wherein the transaction data comprises access data.
7. The mobile device of claim 1 wherein the time-varying magnetic field mimics a swipe of a magnetic access card.
8. The mobile device of claim 1 wherein the time-varying magnetic field is used to perform point-of-sale transactions.
9. A mobile device comprising:
circuitry to produce a time-varying magnetic field that mimics a swipe of a magnetic card;
smartcard circuitry for performing transactions; and
a processor coupled to the smartcard circuitry and the circuitry to produce a time-varying magnetic field;
wherein the mobile device comprises a mobile phone.
10. The mobile device of claim 9 wherein the smartcard circuitry is configured to perform point-of-sale transactions.
11. The mobile device of claim 9 wherein the transactions are financial transactions.
12. The mobile device of claim 9 wherein the time-varying magnetic field mimics a swipe of a magnetic credit card.