Wearable device with time-varying magnetic field and single transaction account numbers
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; and
a processor coupled to the circuitry to cause the circuitry to produce a time-varying magnetic field that represents a single transaction account number;
wherein the mobile device comprises a wearable device.
2. The mobile device of claim 1 wherein the mobile device comprises a watch.
3. The mobile device of claim 1 wherein the time-varying magnetic field mimics a swipe of a magnetic credit card.
4. The mobile device of claim 1 wherein the single transaction account number represents financial data.
5. The mobile device of claim 4 wherein the financial data comprises credit card data.
6. The mobile device of claim 1 further comprising smartcard circuitry coupled to the processor.
7. The mobile device of claim 1 wherein the single transaction account number represents access data.
8. The mobile device of claim 1 wherein the time-varying magnetic field mimics a swipe of a magnetic access card.
9. The mobile device of claim 1 wherein the time-varying magnetic field is used to perform point-of-sale transactions.
10. 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 using single transaction account numbers; and
a processor coupled to the smartcard circuitry and the circuitry to produce a time-varying magnetic field
wherein the mobile device comprises a wearable device.
11. The mobile device of claim 10 wherein the mobile device comprises a watch.
12. The mobile device of claim 10 wherein the smartcard circuitry is configured to perform point-of-sale transactions.
13. The mobile device of claim 10 wherein the transactions are financial transactions.
14. The mobile device of claim 10 wherein the time-varying magnetic field mimics a swipe of a magnetic credit card.
15. The mobile device of claim 10 wherein the single transaction account numbers have a pre-defined sequence.
16. The mobile device of claim 10 wherein the single transaction account numbers comprise pre-assigned single-use transaction numbers.
17. A mobile device comprising:
circuitry to produce a time-varying magnetic field that mimics a swipe of a magnetic card;
circuitry to enable use of single transaction account numbers; and
a processor coupled to the circuitry to produce a time-varying magnetic field and to the circuitry to enable use of single transaction account numbers, the processor configured to cause a time-varying magnetic field to be produced that represents a single transaction account number;
wherein the mobile device comprises a wearable device.
18. The mobile device of claim 17 wherein the circuitry to enable use of single transaction account numbers comprises smartcard circuitry.
19. The mobile device of claim 17 wherein the single transaction account numbers have a pre-defined sequence.
20. The mobile device of claim 17 wherein the single transaction account numbers comprise pre-assigned single-use transaction numbers.
21. An apparatus comprising:
a wearable housing; and
circuitry for producing a time-varying magnetic field compatible with a magnetic card reader, wherein the time-varying magnetic field represents a single transaction account number.
22. The apparatus of claim 21 wherein the wearable housing comprises a watch.
23. The apparatus of claim 21 wherein the time-varying magnetic field is compatible with a point-of-sale device.
24. The apparatus of claim 21 further comprising a circuit to communicate over a network.
25. The apparatus of claim 24 wherein the apparatus is configured to report transactions over the network.
26. The apparatus of claim 21 further comprising smartcard circuitry.