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CA2845648A1 - Coin and card electronic currency point of sale payment system - Google Patents

Coin and card electronic currency point of sale payment system Download PDF

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Publication number
CA2845648A1
CA2845648A1 CA2845648A CA2845648A CA2845648A1 CA 2845648 A1 CA2845648 A1 CA 2845648A1 CA 2845648 A CA2845648 A CA 2845648A CA 2845648 A CA2845648 A CA 2845648A CA 2845648 A1 CA2845648 A1 CA 2845648A1
Authority
CA
Canada
Prior art keywords
coin
card
rfid
sale
icc
Prior art date
Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
Abandoned
Application number
CA2845648A
Other languages
French (fr)
Inventor
Bryan Burns
Current Assignee (The listed assignees may be inaccurate. Google has not performed a legal analysis and makes no representation or warranty as to the accuracy of the list.)
Individual
Original Assignee
Individual
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Individual filed Critical Individual
Priority to CA2845648A priority Critical patent/CA2845648A1/en
Publication of CA2845648A1 publication Critical patent/CA2845648A1/en
Abandoned legal-status Critical Current

Links

Classifications

    • GPHYSICS
    • G06COMPUTING OR CALCULATING; COUNTING
    • G06QINFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00Payment architectures, schemes or protocols
    • G06Q20/04Payment circuits
    • G06Q20/06Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
    • G06Q20/065Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme using e-cash
    • HELECTRICITY
    • H04ELECTRIC COMMUNICATION TECHNIQUE
    • H04LTRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L9/00Cryptographic mechanisms or cryptographic arrangements for secret or secure communications; Network security protocols
    • H04L9/08Key distribution or management, e.g. generation, sharing or updating, of cryptographic keys or passwords
    • H04L9/0861Generation of secret information including derivation or calculation of cryptographic keys or passwords
    • H04L9/0866Generation of secret information including derivation or calculation of cryptographic keys or passwords involving user or device identifiers, e.g. serial number, physical or biometrical information, DNA, hand-signature or measurable physical characteristics
    • HELECTRICITY
    • H04ELECTRIC COMMUNICATION TECHNIQUE
    • H04LTRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION
    • H04L2209/00Additional information or applications relating to cryptographic mechanisms or cryptographic arrangements for secret or secure communication H04L9/00
    • H04L2209/56Financial cryptography, e.g. electronic payment or e-cash

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  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Signal Processing (AREA)
  • Computer Networks & Wireless Communication (AREA)
  • Computer Security & Cryptography (AREA)
  • Strategic Management (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Description

Coin and Card Electronic Currency Point of Sale The invention uses the two-man-rule utilizing a Payment System token coin and card system.
1. Field of the Invention The coins are unique in design, size, metal or metal alloy, magnetic strength, and weight as well as The present invention relates to the previous art of having a manufacturer s mark and a RFID memory payment systems specifically utilizing electronic tag embedded in the coin that makes use of four or currency. Payment systems denote an element more passive transponder chips. This increase in chip which allows for debit and credit using payment allows for an increase of the memory within the coin cards or similar method.
and allows for secure debit and credit transactions.
2. Background of the Prior Art The card is an integrated circuit card (ICC) with an Payment systems in general utilize electronic RDIF memory tag transfer of bank deposit funds from point-of-sale locations to financial institutions and between The system includes a point of sale device operated financial institutions including central banks. The by a RFID reader/writer and coin mechanism, a network connects bank accounts and provides microprocessor and a power and impedance monetary exchange. The payment system consists of calculator. The coin is inserted into, or placed onto, institutions, financial instruments, procedures, rules, the RDIF device and the unique qualities of the token standards, and technical means to, in effect, transfer coin are determined.
The RFID reader then monetary value between parties settling mutual determines if the card is within the vicinity of the financial obligations. RFID reader/writer. If both are present a power and electronic impedance signature is determined and if The standard is Real-Time Gross Settlement systems the parameters are within the expected limits a (RTGS). These are no wait transfers that occur in real predetermined series of index numbers from the time and transactions that are settled as soon as RDIF memory chips are selected.. If the index they are processed. This electronic payment system numbers on the card are correct the transaction is is utilized by the Central Bank of a country. These allowed. If the impedance is not correct a small systems are designated for low-volume, high-dollar transaction equal to $0.01 is incurred and the sale is transfers. RTGS's allow for an accurate picture of an denied. The impedance of RFID tags changes over institution's account at any point of time. This the life of the chips.
This impedance is anticipated method of transfer compares to present day and an algorithm is used to determine the electronic currency such as Bitcoin. predetermined number set.
Electronic Point of Sale (EPOS) transactions are This transaction occurs within the local network and created during at the register purchases. These no greater network connection is necessary. The transactions include systems such as: ADM 787/788, transaction is then encrypted using HCBK security AEDEX, CD 5220, DSP-800, Epson Esc/POS Logic protocol or similar encryption protocol.
Controls, HP, ICD 2002, Ultimate, UTC Standard UTC
Enhanced POS protocol systems. Point-of-sale vendors are serviced and any credits they have incurred will be redeemed by Coin
3. Summary of the Invention Corporation Ltd. or licensees. These BACS
(sic. Banks Automatic Clearing Services) transactions will settled The present invention secures transactions of Bitcoin, between the vendor and Coin Corporation Ltd., or or similar electronic currency transactions, while licensees, using credit transfers; Bitcoin or similar maintaining the anonymous nature of the point-of- electronic currency;
protocol and bank transfers or sale transactions, similar to making a cash with the obligation will be satisfied in a person to transaction. This is accomplished while enabling off- person transaction.
line vending sales in a safe and secure system.

If a coin is determined to not have any credits to Fig 15 shows a rendering of a POS device with RFID
debit the value of the token coin can be accepted ICC chip card mechanism and will be redeemed by Coin Corporation Ltd as a coupon voucher. Payments may also be made using Fig 16 shows the measurement setup within the the card and ICC chip in the vicinity of the token coin, impedance of the RFID coin.
Brief Description of the Drawings Detailed Description of the Invention Fig 1 shows a single 1cm2 wafer of RFID chips. In the following description numerous specific details are set forth in order to provide a more Fig 2 shows groups of wafers and layers making up a thorough description of the present invention. It will RFID booster tag assembly on or within a metallic be apparent, however, to one skilled in the art, that antenna disc. the present invention may be practiced without specific details. In other instances, well-known Fig 3 shows a booster tag antenna disc assembly features have not been described in detail so as not to obscure the invention.
Fig 4 shows a complete booster tag antenna disc Fig 1 illustrates the basic single one centimeter Fig 5 shows a token coin assembly using a border square wafer of RFID chips with 15 RFID chips. These chips combine to increase the memory available to the user. This increase in data provides more secure Fig 6 shows a similar token coin assembly using a base for encryption. Fig 8 illustrates the initial struck planchet process of the coin and card verifation with the RFID
reader/writer using UHF, UF, or HF frequency to, Fig 7 shows a similar token coin assembly using a based on the impedance of the coin or the laminated metal, or metal alloy, planchet verification of the chip, verifying the married pair.
This is important during the wake up signal period Fig 8 shows a flowchart of the verification process leading to the initial marriage of the point of sale and debit using the two man rule coin and card device and the coin and card or card and coin.
Fig 9 shows a rendering of a coin mechanism with The initial encryption makes use of the byte data the RFID impedance measurement device in reflected in Hex SHA-256 encryption. These 0-9 and proximity A-F numbers and letters are used in combination with an algorithm to ensure the security of the Fig 10 shows an frontal view of a rendering of a coin anonymous transaction.
mechanism with the RFID impedance measurement device in proximity This verification uses the passive data on the coin and card combination and an algorithm based on Fig 11 shows a RFID card and chip assembly such equations as the Gompertz function or the decay rates of elemental matter to determine if the Fig 12 shows a rendering of a RFID and ICC chip card married coin and card combination is indeed a mechanism with touchscreen match. If more than one coin and card are present the POS device scans the various data from separate Fig 13 shows an a rendering of a POS device with sources to complete the algorithm. Based on only a RFID ICC chip card and RFID token coin mechanism four digit repeatable number code the permutations are 9 to the power of 4 or 6561 combinations. This Fig 14 shows a rendering of a POS device with RFID invention will be using combinations codes of 4 to 13 107 200 000 digits.
token coin mechanism Once the married coin and card are verified then the impedance creates modulated backscattering by the transaction will be completed. If the impedance is transponder chip. The modulation system and data not correct and both coin and card are verified to be rate used in the transmission changes between two in the proximity a transaction of equivalent $0.01 impedance states with a rate up to 640kHz. This will be incurred. This is to notify the owner that an makes separate measurements of the input unsuccessful transaction was attempted; the POS impedance difficult. It is necessary for the chip to device would not verify the purchase in this example. have a carrier that is modulated with a command sequence therefore the use of the microprocessor Over the life of the RFID the impedance will change; allows for the attainment of a more accurate result this calculation is in the algorithm to help prevent for both power and impedance. This result changing predetermination of the impedance to POS device over the life of the coin is also used to create a more and theft. If the impedance is determined after secure, floating, algorithm. This supports the several attempts and $0.01 equivalent transaction, utilization of fractal growth or elemental decay as at today's present market value, the algorithm will appropriate formulae for the encryption algorithm.
commence. If the coin and card married pair is determined according to the algorithm then the The measurement setup to read the RFID impedance transaction will proceed. This transaction is further is illustrated in Fig 16. Impedance tuners are used to encrypted using local network HCBK security connect with the vector network analyzer that tests protocol, or similar method, within the POS device the coin within the coin mechanism. A command and finally an encrypted code is written to the coin sequence is initiated, such as the coin and chip and card pair based on the new balance post debit marriage sequence, and the transponder chip (RFID) based on one of the various methods of encryption will respond. The EPCglobal Gen2 UHF RFID Protocol available. Standard(2) language in combination with the encryption algorithm is utilized to communicate Fig. 2 illustrates the construction of the chip using 48 within the network.
16 RFID chip wafers then multiplied into four layers.
The 768 RFID chips are placed on a booster tag and The point of sale device encases the measurement this is placed on or within an antenna layer to setup and RFID
reader/Writer along with a maximize passive signal capability. Figs 3-7 illustrate microprocessor that acts as the local area network a few of the various complete coin assemblies. This for the transactions.
To complete transactions the invention will use anywhere from 4-12,960 RFID device will, when possible, use Bitcoin or similar chips with a <101mm by <5.1mm metallic, metallic electronic currency protocol to credit and debit alloy, plastic or other textile material increasing accounts, or in situations where no connectivity is passive data available within the coins and cards. possible a BACS
transaction (the antiquated acronym of Banks Automatic Clearing Service) will credit and Frequency transponder chips are highly reactive, debit the POS device's retail location as a service of when connected to 50 C) system of a vector network Coin Corporation Ltd or future companies to whom analyzer. The vector standing wave ratio at the chip this patient is made available through licensing.
input is far larger than 10:1 which leads to inaccurate results. A home and mobile combination reader/writer, power impedance calculator and microprocessor This system reads the radio frequency transponders enabled version for online transactions is also part of using an antenna and calculates the impedance and the complete electronic currency point of sale power level measurement. The power accepted by payment system.
the transponder chip first determines the minimum operating power. In a conventional test setup the power could be calculated from the vector network analyzers power source and the reflective coefficient determined by it. High voltage standing wave ratio has an effect on the reflected coefficient measurement. Normally a change in the input

Claims (13)

Claim: Coin and Card Electronic Currency Point of Sale Payment System
1. A Bitcoin payment system including a struck alloy token coin containing a RFID with 4 RFID chips contained within an antenna disc; a ICC, or similar verification method, card with 4 RFID chips contained within, and a RFID reader/writer, a power and impedance calculator, a coin mechanism, a card reader and a microprocessor point of sale device with a touch screen.
2. The system according to Claim 1 using more than 4 RFID chips on the coin or card.
3. The system according to Claim 1 or Claim 2 using a token coin of pure metal or different laminated metals or alloys
4. The system according to Claim 1- 3 using a security feature along the outside rim and/or an internal maker's mark.
5. The system according to Claim 1- 4 using a RFID on an antenna disc.
6. The system according to Claims 1-4 using only the coin mechanism.
7. The system according to Claims 1-4 using only the ICC chip card.
8. The system according to Claims 1-7 using a POS
device with a button selector
9. The system according to Claims 1-8 using a POS
device absent the ICC card reader
The system according to Claims 1-8 using a POS
device absent the coin mechanism
11. The system according to Claims 1-8 using a POS
with local area network capabilities
12. The system according to Claims 1-7 using a USB, or similar input device including a wireless network, home version
13 The system according to Claims 1-7 using a mobile device working from battery power with or without network connectivity to the internet or similar system.
CA2845648A 2014-03-04 2014-03-04 Coin and card electronic currency point of sale payment system Abandoned CA2845648A1 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
CA2845648A CA2845648A1 (en) 2014-03-04 2014-03-04 Coin and card electronic currency point of sale payment system

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
CA2845648A CA2845648A1 (en) 2014-03-04 2014-03-04 Coin and card electronic currency point of sale payment system

Publications (1)

Publication Number Publication Date
CA2845648A1 true CA2845648A1 (en) 2015-09-04

Family

ID=54065528

Family Applications (1)

Application Number Title Priority Date Filing Date
CA2845648A Abandoned CA2845648A1 (en) 2014-03-04 2014-03-04 Coin and card electronic currency point of sale payment system

Country Status (1)

Country Link
CA (1) CA2845648A1 (en)

Cited By (12)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US10339523B2 (en) 2015-07-14 2019-07-02 Fmr Llc Point-to-point transaction guidance apparatuses, methods and systems
US10504179B1 (en) 2015-12-08 2019-12-10 Fmr Llc Social aggregated fractional equity transaction partitioned acquisition apparatuses, methods and systems
US10644885B2 (en) 2015-07-14 2020-05-05 Fmr Llc Firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems
US10778439B2 (en) 2015-07-14 2020-09-15 Fmr Llc Seed splitting and firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems
US10992469B2 (en) 2015-07-14 2021-04-27 Fmr Llc Seed splitting and firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems
US11436598B2 (en) 2017-12-15 2022-09-06 Fmr Llc Social data tracking datastructures, apparatuses, methods and systems
US11488147B2 (en) 2015-07-14 2022-11-01 Fmr Llc Computationally efficient transfer processing and auditing apparatuses, methods and systems
US11636471B2 (en) 2017-12-15 2023-04-25 Fmr Llc Social data tracking datastructures, apparatuses, methods and systems
US12225127B2 (en) 2015-07-14 2025-02-11 Fmr Llc Address verification, seed splitting and firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems
US12323524B2 (en) 2015-07-14 2025-06-03 Fmr Llc Social aggregating, fractionally efficient transfer guidance, conditional triggered transaction, datastructures, apparatuses, methods and systems
US12452075B2 (en) 2015-07-14 2025-10-21 Fmr Llc Asynchronous crypto asset transfer and social aggregating, fractionally efficient transfer guidance, conditional triggered transaction, datastructures, apparatuses, methods and systems
US12488340B2 (en) 2015-07-14 2025-12-02 Fmr Llc Address verification, seed splitting and firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems

Cited By (12)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US10339523B2 (en) 2015-07-14 2019-07-02 Fmr Llc Point-to-point transaction guidance apparatuses, methods and systems
US10644885B2 (en) 2015-07-14 2020-05-05 Fmr Llc Firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems
US10778439B2 (en) 2015-07-14 2020-09-15 Fmr Llc Seed splitting and firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems
US10992469B2 (en) 2015-07-14 2021-04-27 Fmr Llc Seed splitting and firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems
US11488147B2 (en) 2015-07-14 2022-11-01 Fmr Llc Computationally efficient transfer processing and auditing apparatuses, methods and systems
US12225127B2 (en) 2015-07-14 2025-02-11 Fmr Llc Address verification, seed splitting and firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems
US12323524B2 (en) 2015-07-14 2025-06-03 Fmr Llc Social aggregating, fractionally efficient transfer guidance, conditional triggered transaction, datastructures, apparatuses, methods and systems
US12452075B2 (en) 2015-07-14 2025-10-21 Fmr Llc Asynchronous crypto asset transfer and social aggregating, fractionally efficient transfer guidance, conditional triggered transaction, datastructures, apparatuses, methods and systems
US12488340B2 (en) 2015-07-14 2025-12-02 Fmr Llc Address verification, seed splitting and firmware extension for secure cryptocurrency key backup, restore, and transaction signing platform apparatuses, methods and systems
US10504179B1 (en) 2015-12-08 2019-12-10 Fmr Llc Social aggregated fractional equity transaction partitioned acquisition apparatuses, methods and systems
US11436598B2 (en) 2017-12-15 2022-09-06 Fmr Llc Social data tracking datastructures, apparatuses, methods and systems
US11636471B2 (en) 2017-12-15 2023-04-25 Fmr Llc Social data tracking datastructures, apparatuses, methods and systems

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Legal Events

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Effective date: 20161017