You’ve invested time, talent, and energy into making a dent in the universe with your invention and ideas. Now it’s time to make sure it’s protected with a PowerPatent Utility, Provisional or Design Patent Application
The Square, Inc. patent solves the following problem:
Consumers now use many types of cards, such as payment cards (for example, credit cards, debit cards, prepaid gift cards, etc.), loyalty cards, library cards, identification cards, etc., some of which were used to make purchases. Consumers also have other things to make purchases, such as a smart phone with a digital wallet. Some consumers see with that a war of payment cards and things inconvenient and burdensome. For example, all these many cards add an overstuffed wallet or purse, making it difficult to find a particular card. Therefore, when making a purchase, the consumer to get the first charge card that she would pay for a replacement. Remember, first saw the card may not be the best choice, as when the consumer pays for a purchase using a credit card when he had a pre-paid gift card his use. In addition, some transactions include many cards, such as a purchase made by a merchant that offers a loyalty program. In such cases, the consumer may need to find the two cards, such as a credit card to pay for the purchase of a loyalty card to earn loyalty points for the purchase.
Our analysis of this patent is as follows:
Square, Inc.’s patent US 9224141 B1 deals with Encoding a magnetic stripe of a card with data of multiple cards.
A method and apparatus for encoding a magnetic stripe on a magnetic stripe card with the account data from multiple cards revealed. The magnetic stripe card (the card) can be associated with the account data from multiple cards, such as account data from a driver’s license and from various payment cards, such as a credit card, a debit card, and a pre-paid gift cards. Location information showing the location of the card obtained, and the account data for the many cards associated with the card will be chosen based on a criterion, as based on the location information. The card includes a magnetic stripe emulator, and the emulator is encoded into account data on the number of cards, just as with a single swipe of the card through a card reader, the card reader can read the account data to many cards from magnetic stripe area.
The revolutionary PowerPatent provides patent creation and management tools to help inventors protect their inventions using the patent system. Full lawyer support to complete and file the application is available.