Method for Broadcasting a Magnetic Stripe data Packet from an Electronic Device

Abstract

Methods in which an encrypted transaction validation code is received which positively identifies a first transaction for a first entity, the first entity having a first entity identifier, and the first transaction is electronically verified as being valid by use of the first entity identifier and the validation code. The first entity identifier can be transferred as an account number and the validation code transferred to the money source in a non-account data field. A money source can validate the validation code by duplicating the encryption process used to create the validation code and by then comparing the result to the validation code received. The validation code can be, at least in part, encrypted, and a money source can validate the validation code by duplicating a validation code encryption process and by then comparing the result to the validation code received.

What is claimed is: 
     
         1 . A method comprising broadcasting a transaction specific magnetic stripe data packet from an electronic device by measuring a swipe speed of the electronic device past a magnetic reader head during a swipe of the electronic device past the magnetic reader head and then adjusting a broadcast signal containing the magnetic stripe data packet according to the measured swipe speed so that the magnetic stripe data packet in the broadcast signal is read by the magnetic reader head during said swipe. 
     
     
         2 . The method of  claim 1  wherein the swipe speed is measured by a speed sensor. 
     
     
         3 . The method of  claim 2  wherein the electronic card contains a false swipe detection means. 
     
     
         4 . The method of  claim 3  wherein the speed sensor changes from a sleep mode to an active mode after a wake up sensor is activated during the swipe and the swipe speed is measured by speed sensor while it is in the active mode before the broadcast signal is broadcast during the swipe. 
     
     
         5 . The method of  claim 4  wherein the wake up sensor is a trip switch. 
     
     
         6 . The method of  claim 5  wherein the broadcast signal is adjusted by varying bit rate used to broadcast said broadcast signal. 
     
     
         7 . The method of  claim 1  wherein the magnetic stripe data packet is comprised of a track  2  data packet. 
     
     
         8 . The method of  claim 7  wherein the magnetic stripe data packet is further comprised of a track  1  data packet. 
     
     
         9 . The method of  claim 8  wherein cross talk in the magnetic reader head responsible for reading track  1  data is prevented by use of a cross talk blocker. 
     
     
         10 . The method of  claim 9  wherein the cross talk blacker is a cancelation coil located on the electronic card so as to prevent cross talk. 
     
     
         11 . A method, comprising:
 activating an electronic device from an off state to a sleep mode;   changing the electronic device from the sleep mode to an active mode after a wake up sensor is activated during a swipe of the electronic device past a magnetic reader head;   measuring a swipe speed of the electronic device past the magnetic reader head during the swipe;   using the swipe speed to adjust a broadcast signal containing a transaction specific magnetic stripe data packet; and   broadcasting the broadcast signal during the swipe so that the magnetic reader head reads the magnetic stripe data packet.   
     
     
         12 . The method of  claim 11  wherein a false swipe detection is prevented by measuring movement past a speed sensor. 
     
     
         13 . The method of  claim 11  wherein a broadcaster in the electronic device is activated during the active mode. 
     
     
         14 . The method of  claim 13  wherein the broadcast signal is adjusted by varying a bit rate used by the broadcaster to broadcast said broadcast signal. 
     
     
         15 . The method of  claim 13  wherein the broadcaster is comprised of a track  2  broadcaster that broadcasts a track  2  data packet and a track  1  broadcaster that broadcasts a track  1  data packet. 
     
     
         16 . The method of  claim 11  wherein a cross talk blocker is used to prevent the magnetic reader head from reading a particular track data packet in a reading area of the magnetic reader head that is not meant to read the particular track data packet.