18523421. Transaction Card Assembly simplified abstract (Capital One Services, LLC)
Contents
- 1 Transaction Card Assembly
Transaction Card Assembly
Organization Name
Inventor(s)
Phoebe Atkins of Midlothian VA (US)
Vyjayanthi Vadrevu of Pflugerville TX (US)
Michael Saia of Weehawken NJ (US)
Transaction Card Assembly - A simplified explanation of the abstract
This abstract first appeared for US patent application 18523421 titled 'Transaction Card Assembly
Simplified Explanation
The modular transaction card assembly described in the patent application includes a card frame with traditional credit card dimensions and a smaller transaction card that fits into a receptacle of the card frame. Both the card frame and the transaction card can perform contactless data transactions individually, and when combined, they can also perform contact data transactions with a distinct identifier.
- Card frame with traditional credit card dimensions
- Smaller transaction card that fits into a receptacle of the card frame
- Both card frame and transaction card capable of performing contactless data transactions individually
- Combined assembly can perform contact data transactions with a distinct identifier
- Card frame includes a processor for data encryption and authentication of the transaction card
Potential Applications
The technology could be applied in various industries such as banking, retail, transportation, and access control systems.
Problems Solved
The modular transaction card assembly solves the problem of securely combining contactless and contact data transactions in a single card assembly.
Benefits
The benefits of this technology include enhanced security, convenience, and versatility in conducting various types of transactions.
Potential Commercial Applications
The technology could be commercially applied in the financial sector for credit and debit cards, in retail for loyalty cards, in transportation for ticketing systems, and in access control for secure entry systems.
Possible Prior Art
One possible prior art could be the development of contactless payment cards that have been in use for several years.
Unanswered Questions
== How does the data encryption process work in the card frame? The patent application mentions that the card frame includes a processor for data encryption, but it does not provide detailed information on the encryption process.
== What materials are used in the construction of the card frame and transaction card? The patent application does not specify the materials used in the construction of the card frame and transaction card, which could be crucial for durability and performance.
Original Abstract Submitted
A modular transaction card assembly includes a card frame having the traditional dimensions of a credit card, and a transaction card that is smaller than a traditional card and that fits into a receptacle of the card frame. Each of the card frame and the transaction card may be capable of performing contactless data transactions individually. The combined assembly of the card frame with the transaction card secured in the receptacle is also capable of performing contact data transactions, and in some instances, with an identifier that is distinct from the card frame or the transaction card alone. The card frame may include a processor enabling it to perform data encryption and authentication of the smaller transaction card.
