Abstract

A cryptocurrency payments point-of-sale system and method for accepting cryptocurrency as a form of payment is provided. A system and method containing a POS application executed on a smart device for capturing, through a GUI from the POS application displayed on the smart device, payment information in the first type of currency. The POS application generates and displays a QR code. A consumer scans the QR code via a smart device using a digital wallet operating in the second type of currency. Crypto conversion banks coupled to a bank account for the merchant and to the digital wallet from the consumer via the POS application for converting the payment from the second type of currency into the first type of currency, authorizing a transaction and transferring funds from the second type of currency from the digital wallet to the bank account for the merchant in the first type of currency.

IPC Classes  ?

• G06Q 20/38 - Payment protocolsDetails thereof
• G06Q 20/20 - Point-of-sale [POS] network systems
• G06Q 20/32 - Payment architectures, schemes or protocols characterised by the use of specific devices using wireless devices
• G06Q 20/36 - Payment architectures, schemes or protocols characterised by the use of specific devices using electronic wallets or electronic money safes
• G06Q 20/40 - Authorisation, e.g. identification of payer or payee, verification of customer or shop credentialsReview and approval of payers, e.g. check of credit lines or negative lists
• G06Q 20/10 - Payment architectures specially adapted for electronic funds transfer [EFT] systemsPayment architectures specially adapted for home banking systems

Goods & Services

(1) Computer hardware and recorded software systems for conducting secure commercial transactions; Downloadable computer software for credit processing, namely, credit inquiry, verification, risk assessment, credit card payment, and transaction processing; Computer hardware with preinstalled software for conducting secure commercial transactions. (1) Credit card payment processing services; Cryptocurrency payment processing; Merchant services, namely, payment transaction processing services. (2) Application service provider (ASP) featuring e-commerce software for use as a payment gateway that authorizes processing of credit cards or direct payments for merchants.

Goods & Services

Cryptocurrency payment processing; Merchant services, namely, payment transaction processing services Application service provider (ASP) featuring e-commerce software for use as a payment gateway that authorizes processing or direct payments for merchants

Goods & Services

(1) Computer hardware and computer software for conducting secure commercial transactions; downloadable computer software for credit card payment processing (1) Merchant services, namely, payment transaction processing services; credit card payment processing services; Cryptocurrency payment processing (2) Application service provider (ASP) featuring e-commerce software for use as a payment gateway that authorizes processing of credit cards or direct payments for merchants

Abstract

An apparatus for effecting a commercial transaction with a remote transaction server using a payment device via a communication device is provided. The apparatus includes a transaction device coupled with the communication device for capturing information stored on said payment device and a controller for converting the captured information into encrypted information and for transmitting the encrypted information to the communication device. The communication device delivers the encrypted information to the remote transaction server for processing the commercial transaction.

IPC Classes  ?

• G06Q 20/34 - Payment architectures, schemes or protocols characterised by the use of specific devices using cards, e.g. integrated circuit [IC] cards or magnetic cards
• G06Q 20/32 - Payment architectures, schemes or protocols characterised by the use of specific devices using wireless devices
• G06Q 20/42 - Confirmation, e.g. check or permission by the legal debtor of payment
• G06K 7/08 - Methods or arrangements for sensing record carriers by means detecting the change of an electrostatic or magnetic field, e.g. by detecting change of capacitance between electrodes
• G06K 7/01 - Methods or arrangements for sensing record carriers Details
• G06Q 20/40 - Authorisation, e.g. identification of payer or payee, verification of customer or shop credentialsReview and approval of payers, e.g. check of credit lines or negative lists
• G06K 7/00 - Methods or arrangements for sensing record carriers
• H04L 29/06 - Communication control; Communication processing characterised by a protocol
• G06Q 20/08 - Payment architectures

Abstract

An apparatus for effecting a commercial transaction with a remote transaction server using a payment device via a communication device is provided. The apparatus includes a transaction device coupled with the communication device for capturing information stored on said payment device and a controller for converting the captured information into encrypted information and for transmitting the encrypted information to the communication device. The communication device delivers the encrypted information to the remote transaction server for processing the commercial transaction.

IPC Classes  ?

• G06Q 20/34 - Payment architectures, schemes or protocols characterised by the use of specific devices using cards, e.g. integrated circuit [IC] cards or magnetic cards
• G06Q 20/32 - Payment architectures, schemes or protocols characterised by the use of specific devices using wireless devices
• G06Q 20/42 - Confirmation, e.g. check or permission by the legal debtor of payment
• G06K 7/08 - Methods or arrangements for sensing record carriers by means detecting the change of an electrostatic or magnetic field, e.g. by detecting change of capacitance between electrodes
• G06K 7/01 - Methods or arrangements for sensing record carriers Details
• G06Q 20/40 - Authorisation, e.g. identification of payer or payee, verification of customer or shop credentialsReview and approval of payers, e.g. check of credit lines or negative lists
• G06K 7/00 - Methods or arrangements for sensing record carriers
• H04L 29/06 - Communication control; Communication processing characterised by a protocol
• G06Q 20/08 - Payment architectures

Abstract

An apparatus for effecting a commercial transaction with a remote transaction server using a payment device via a communication device is provided. The apparatus includes a transaction device coupled with the communication device for capturing information stored on said payment device and a controller for converting the captured information into encrypted information and for transmitting the encrypted information to the communication device. The communication device delivers the encrypted information to the remote transaction server for processing the commercial transaction.

IPC Classes  ?

• G06Q 20/34 - Payment architectures, schemes or protocols characterised by the use of specific devices using cards, e.g. integrated circuit [IC] cards or magnetic cards
• G06Q 20/32 - Payment architectures, schemes or protocols characterised by the use of specific devices using wireless devices
• G06Q 20/42 - Confirmation, e.g. check or permission by the legal debtor of payment
• G06K 7/08 - Methods or arrangements for sensing record carriers by means detecting the change of an electrostatic or magnetic field, e.g. by detecting change of capacitance between electrodes
• G06K 7/01 - Methods or arrangements for sensing record carriers Details
• G06Q 20/40 - Authorisation, e.g. identification of payer or payee, verification of customer or shop credentialsReview and approval of payers, e.g. check of credit lines or negative lists
• G06K 7/00 - Methods or arrangements for sensing record carriers
• H04L 29/06 - Communication control; Communication processing characterised by a protocol
• G06Q 20/08 - Payment architectures

Abstract

An apparatus for effecting commercial transactions with a server using a transaction card via a communication device is provided. The apparatus includes a transaction device coupled with the communication device for capturing information from the transaction card and a controller for converting the captured card information into an encrypted audio signal and for transmitting the audio signal to the communication device. The communication device delivers the audio signal to the server for processing the commercial transaction.

IPC Classes  ?

• G06Q 20/34 - Payment architectures, schemes or protocols characterised by the use of specific devices using cards, e.g. integrated circuit [IC] cards or magnetic cards
• G06Q 20/32 - Payment architectures, schemes or protocols characterised by the use of specific devices using wireless devices
• G06Q 20/42 - Confirmation, e.g. check or permission by the legal debtor of payment
• G06K 7/08 - Methods or arrangements for sensing record carriers by means detecting the change of an electrostatic or magnetic field, e.g. by detecting change of capacitance between electrodes
• G06K 7/01 - Methods or arrangements for sensing record carriers Details
• G06Q 20/40 - Authorisation, e.g. identification of payer or payee, verification of customer or shop credentialsReview and approval of payers, e.g. check of credit lines or negative lists
• G06K 7/00 - Methods or arrangements for sensing record carriers
• H04L 29/06 - Communication control; Communication processing characterised by a protocol
• G06Q 20/08 - Payment architectures

Abstract

An apparatus for effecting commercial transactions with a server using a transaction card via a communication device is provided. The apparatus includes a transaction device coupled with the communication device for capturing information from the transaction card and a controller for converting the captured card information into an encrypted audio signal and for transmitting the audio signal to the communication device. The communication device delivers the audio signal to the server for processing the commercial transaction.

IPC Classes  ?

• G06K 7/08 - Methods or arrangements for sensing record carriers by means detecting the change of an electrostatic or magnetic field, e.g. by detecting change of capacitance between electrodes

Abstract

An apparatus for effecting commercial transactions with a server using a transaction card via a communication device is provided. The apparatus includes a transaction device coupled with the communication device for capturing information from the transaction card and a controller for converting the captured card information into an encrypted audio signal and for transmitting the audio signal to the communication device. The communication device delivers the audio signal to the server for processing the commercial transaction.

IPC Classes  ?

• G06K 7/08 - Methods or arrangements for sensing record carriers by means detecting the change of an electrostatic or magnetic field, e.g. by detecting change of capacitance between electrodes

Abstract

An apparatus for commercial transactions using a transaction card via a communication device in audio communication with a remote processor assembly is provided. The apparatus comprises an input device for capturing information from the transaction card, a controller for converting the captured card information into an audio signal. The controller is linked to the communication device. The apparatus may also be part of an assembly wherein this controller is part of the communication device. The remote processor assembly includes a transaction server linked to a remote processor/issuer for validating the transaction card data. A system including this apparatus, the communication device and the transaction server is also provided. Methods therefore are also disclosed. The input device captures the card information that is converted to an audio signal by the controller and transmitted to the transaction server via the communication device for being converted to an appropriate signal to be transmitted to the remote processor/issuer for validation thereof. The validation information is sent back to the apparatus providing feedback to the user. The transaction server translates the signal received by the remote processor/issuer into an audio signal and sends it to the controller via the communication device for conversion to an appropriate format.

IPC Classes  ?

• G06K 7/08 - Methods or arrangements for sensing record carriers by means detecting the change of an electrostatic or magnetic field, e.g. by detecting change of capacitance between electrodes