Credit/prepaid card secure internet payment system

G - Physics – 07 – F

Patent

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Details

G07F 19/00 (2006.01) G07F 7/02 (2006.01) G07F 7/12 (2006.01) G11C 7/00 (2006.01)

Patent

CA 2347641

A redundant character recognition system, which utilizes both, read features of MAGNITIC STRIP (MCR) and MICR, OCR, BARCODE in a merged combination to create a MATHIMATICAL CARD LOCK, on a credit card, bankcard or prepaid card. And recognizes the ambiguities of the spatial differences in the MICR, OCR to cause a MATHIMATICAL ALGIRITHIM sequence read signal by merging DUEL data stream signals by way of ATM (Asynchronous time multiplexing) signals. Alternating character recognition signals from MAGNITIC STRIP and MICR, OCR and Bar Code read heads to produce a single data stream for automatic authentication of a card. A duel MAGNITIC STRIP and MICR, OCR, BARCODE reader is used to merge the data to a authentication center or a device (fig. a) for processing of the MATHIMATICAL ALGIRTHIM to authenticate and validate a card, or to reject the MICR data field rejects with bar-code data field recognition signals. When rejects are generated from both the MAGNITIC STRIP and MICR, OCR and BAR CODE data fields fail, the card is rejected as non authentic and the transaction canceled.

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