18421147. TRANSACTION CARD WITH MULTIPLE ORIENTATIONS simplified abstract (Capital One Services, LLC)
Contents
- 1 TRANSACTION CARD WITH MULTIPLE ORIENTATIONS
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 TRANSACTION CARD WITH MULTIPLE ORIENTATIONS - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 Unanswered Questions
- 1.11 Original Abstract Submitted
TRANSACTION CARD WITH MULTIPLE ORIENTATIONS
Organization Name
Inventor(s)
Bryant Yee of Silver Spring MD (US)
Tyler Maiman of MELVILLE NY (US)
Joshua Edwards of Philadelphia PA (US)
TRANSACTION CARD WITH MULTIPLE ORIENTATIONS - A simplified explanation of the abstract
This abstract first appeared for US patent application 18421147 titled 'TRANSACTION CARD WITH MULTIPLE ORIENTATIONS
Simplified Explanation
The abstract describes a transaction card with an integrated circuit (IC) chip embedded in the card body, along with electrical contact sets and magnetic stripe areas on both surfaces of the card.
- The transaction card includes an IC chip embedded in the card body.
- The card has multiple electrical contact sets on the first surface, connected to the IC chip.
- There are also multiple magnetic stripe areas on the first surface.
- The card has additional electrical contact sets on the second surface, also connected to the IC chip.
- There are multiple magnetic stripe areas on the second surface as well.
Potential Applications
This technology could be used in various industries such as banking, retail, transportation, and access control systems.
Problems Solved
This technology provides a secure and efficient way to store and access data on a transaction card.
Benefits
The transaction card with an IC chip offers enhanced security, increased data storage capacity, and improved transaction speed.
Potential Commercial Applications
The technology could be applied in credit and debit cards, identification cards, loyalty cards, and transportation cards.
Possible Prior Art
One possible prior art is the use of IC chips in credit cards for secure transactions.
Unanswered Questions
How does the integration of an IC chip impact the durability of the transaction card?
The durability of the card may be affected by the presence of the embedded IC chip, but further testing and analysis would be needed to determine the extent of this impact.
What are the potential privacy concerns associated with storing data on an IC chip in a transaction card?
Storing data on an IC chip raises concerns about data security and privacy, especially in terms of unauthorized access or data breaches. Implementing robust encryption and security measures can help address these concerns.
Original Abstract Submitted
In some implementations, a transaction card may include a card body having a first surface and a second surface opposite the first surface. The transaction card may include an integrated circuit (IC) chip embedded in the card body, and a plurality of first electrical contact sets electrically accessible from the first surface of the card body, where the plurality of first electrical contact sets have electrical connections to the IC chip. The transaction card may include a plurality of first magnetic stripe areas readable from the first surface of the card body. The transaction card may include a plurality of second electrical contact sets electrically accessible from the second surface of the card body, where the plurality of second electrical contact sets have electrical connections to the IC chip. The transaction card may include a plurality of second magnetic stripe areas readable from the second surface of the card body.
