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Tilting Magnetic Card Reader for Processing Both Credit Cards ad Debit Cards

IP.com Disclosure Number: IPCOM000109986D
Original Publication Date: 1992-Oct-01
Included in the Prior Art Database: 2005-Mar-25
Document File: 2 page(s) / 75K

Publishing Venue

IBM

Related People

Kalendra, PW: AUTHOR [+2]

Abstract

This article describes a mechanism which allows a single magnetic card reader to be used for credit card processing by a store clerk, debit card processing by a customer, or both, by providing a tilting mount with detents at predefined locations and a locking mechanism to permanently fix its position for use by the store clerk or customer.

This text was extracted from an ASCII text file.
This is the abbreviated version, containing approximately 52% of the total text.

Tilting Magnetic Card Reader for Processing Both Credit Cards ad Debit Cards

       This article describes a mechanism which allows a single
magnetic card reader to be used for credit card processing by a store
clerk, debit card processing by a customer, or both, by providing a
tilting mount with detents at predefined locations and a locking
mechanism to permanently fix its position for use by the store clerk
or customer.

      Automated credit card processing and debit card processing are
very similar in many regards, but quite different in others.  Both
require information which can be acquired from a magnetic stripe card
such as the account number and expiration date, information which can
be made available from a point-of-sale terminal (POST) such as the
date and time, and access to a modem and phone line or access to
another system with modem capability.

      However, in the case of credit card processing, it is
traditional for the customer to hand the card to store sales
personnel to pass the card through the reader when prompted to do so
(they may, under some circumstances, be asked to retain the card),
and in the case of debit card processing it is traditional for the
customer to pass the card through the reader and to enter a personal
identification number (PIN) when requested to do so.

      The tilting magnetic card reader assembly of this article is
shown in the diagram of Fig. 1.  The magnetic card is shown in back
side and front side views in Figs. 2A and 2B, res...