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Method and System of Automatically Replacing Worn Out Cards

IP.com Disclosure Number: IPCOM000235653D
Publication Date: 2014-Mar-18
Document File: 2 page(s) / 33K

Publishing Venue

The IP.com Prior Art Database

Abstract

A method and system is disclosed for enabling companies to automatically replace worn out cards on detection of magnetic stripe being worn out or not functioning.

This text was extracted from a PDF file.
This is the abbreviated version, containing approximately 51% of the total text.

Page 01 of 2

Method and System of Automatically Replacing Worn Out Cards

The current process for replacing a card such as, credit card is the responsibility of a card owner if magnetic stripe is worn out or there is failure to read on a card reader . The card owner typically can attempt to use the card at multiple locations without success and thereafter, the card owner needs to contact the card company requesting a replacement be sent.

Disclosed is a method and system for enabling companies to automatically replace

worn out cards on detection of a magnetic stripe being worn out or not functioning .

The method and system allows the card company to gather and correlate data at the time of purchase in order to determine if a card 's magnetic strip is worn out or is unreadable. Generally, a card owner or cashier attempts to swipe a card through or over a card reader. The card reader fails to properly read data from the magnetic stripe. The process of swiping the card is typically repeated multiple times . Thereafter, the cashier enters card information manually. The card information is transmitted to a card issuer for verification and approval of a transaction . A register transmits card

information for transaction approval including the fact that the card could not be automatically read and a record of the transaction is maintained .

The method and system provides a mechanism for a computing unit which is attached to a point of sale machine. The computing unit determines whether the card reader

was unable to read the magnetic stripe and a m...