System and method for encoding information in magnetic stripe format for use in radio frequency identification transactions

Abstract

A transaction device system is associated with a transaction device proxy account identifier, which may be stored in a database on the transaction device system. The proxy transaction device identifier may be stored on the database in any conventional merchant recognizable format. Additionally, the proxy transaction device identifier may be associated with a transaction account identifier for use in completing a transaction. The proxy transaction device identifier may include at least a first portion which corresponds to a portion of the transaction device identifier. The first portion of the proxy transaction device identifier may be segmented into proxy fields where a first segment includes a portion of a transaction account data set, and a second segment has encoded therein an account provider desired information. The proxy account identifier segments are undetectable by receiving systems such that the proxy account identifier emulates a merchant recognizable data transfer format. The account provider system may receive the proxy account identifier and uses the first portion of the transaction device identifier in a predetermined algorithm to reassemble the transaction device identifier for use in transaction completion.

1 . A transaction device system comprising:
 an account identifier including a first account identifier portion and a second account identifier portion;   a transaction device database including a proxy account identifier storage area operable for storing a proxy account identifier, said proxy account identifier including said first account identifier portion, wherein said proxy account identifier is provided to an account identifier provider system;   said proxy account identifier storage area including a first proxy account identifier storage area and a second proxy account identifier storage area, said second proxy account identifier storage area configured to store said first account identifier portion; and   said account identifier provider system configured for receiving said proxy account identifier including said first account identifier portion, said account identifier provider system operable to associate said first account identifier portion to said account identifier, said account identifier being associated with a transaction account, and said account identifier provider system operable to receive said first account identifier portion and provide a corresponding account identifier to an account identifier provider server for transaction completion.   
     
     
         2 . The system of  claim 1 , wherein said account identifier provider system is operable to provide said account identifier to said account identifier provider server in accordance with said first account identifier portion. 
     
     
         3 . The system of  claim 2 , wherein said account identifier provider system is operable to generate said second account identifier portion in accordance with a predetermined algorithm operated on said first account identifier portion, said account identifier provider system is operable to provide said account identifier to said account identifier provider server in accordance with said first account identifier portion and said generated second account identifier portion. 
     
     
         4 . The system of  claim 2 , wherein said account identifier provider system further includes an account identifier provider database, said account identifier provider database operable to store said account identifier, wherein said account identifier provider system is operable to locate said stored account identifier in accordance with a predetermined algorithm operated on said first account identifier portion. 
     
     
         5 . The system of  claim 2 , wherein said account identifier provider system further includes an account identifier provider database, said account identifier provider database operable to store said second account identifier portion, wherein said account identifier provider system is operable to locate said stored second account identifier portion in accordance with a predetermined algorithm operated on said first account identifier portion, said account identifier provider system is operable to provide said account identifier to said account identifier provider server in accordance with said first account identifier portion and said located second account identifier portion. 
     
     
         6 . The system of  claim 1 , wherein said proxy account identifier is provided to a merchant system, said merchant system in further communication with said account identifier provider system, said merchant system operable to provide said proxy account identifier including said first account identifier portion to said account identifier provider system. 
     
     
         7 . The system of  claim 6 , wherein said proxy account identifier is provided in a merchant system recognizable format. 
     
     
         8 . The system of  claim 6 , further comprising a transaction device reader in further communication with said merchant system, said transaction device reader operable to receive said proxy account identifier and to provide said proxy account identifier to said merchant system. 
     
     
         9 . The system of  claim 7 , wherein said proxy account identifier is in International Standards Organization (ISO) compatible magnetic stripe format. 
     
     
         10 . The system of  claim 7 , wherein said proxy account identifier includes said first account identifier portion in at least one track of an ISO compatible magnetic stripe format. 
     
     
         11 . The system of  claim 1 , wherein said proxy account identifier including said first account identifier portion is provided to said account identifier provider system in a contactless transmission medium. 
     
     
         12 . The system of  claim 11 , wherein said contactless transmission medium is radio frequency. 
     
     
         13 . A method, comprising:
 associating, by a computer-based system for transmitting data for transaction completion in a payment system, a first proxy account identifier portion with a transaction account identifier, said transaction device identifier including first and second transaction account identifier portions, wherein a transaction device is associated with a proxy account identifier, and wherein said proxy account identifier has said first proxy account identifier portion;   storing, by the computer-based system, said first transaction account identifier portion in said first proxy account identifier portion; and   providing, by the computer-based system, said first transaction account identifier portion to a transaction account provider for use in determining said transaction account identifier for completing a transaction.   
     
     
         14 . A method of  claim 13 , wherein said proxy account identifier is in International Standards Organization (ISO) compatible magnetic stripe format. 
     
     
         15 . A method of  claim 13 , wherein said proxy account identifier includes said first account identifier portion in at least one track of an ISO compatible magnetic stripe format. 
     
     
         16 . An article of manufacture including a non-transitory, tangible computer readable medium having instructions stored thereon that, in response to execution by a computer-based system for transmitting data for transaction completion in a payment system, cause the computer-based system to perform operations comprising:
 associating, by the computer-based system, a first proxy account identifier portion with a transaction account identifier, said transaction device identifier including first and second transaction account identifier portions, wherein a transaction device is associated with a proxy account identifier, and wherein said proxy account identifier has said first proxy account identifier portion;   storing, by the computer-based system, said first transaction account identifier portion in said first proxy account identifier portion; and   providing, by the computer-based system, said first transaction account identifier portion to a transaction account provider for use in determining said transaction account identifier for completing a transaction.   
     
     
         17 . A method of  claim 16 , wherein said proxy account identifier is in International Standards Organization (ISO) compatible magnetic stripe format. 
     
     
         18 . A method of  claim 16 , wherein said proxy account identifier includes said first account identifier portion in at least one track of an ISO compatible magnetic stripe format.