SYSTEM AND METHOD FOR SECURE ELECTRONIC TRANSACTION

SYSTEM AND METHOD FOR SECURE ELECTRONIC TRANSACTION

The various embodiments herein provide a dongle device with a communication module for a secure electronic transaction. The dongle device comprises housing provided with a slot for inserting a magnetic stripe card, a slot for inserting a contact type card, a communication module such as a Wireless m...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: BHAKTHA, RAM KESHAVACHAR, SANJAY, SWAMY
Format: Patent
Sprache:eng ; fre ; ger
Schlagworte:
CALCULATING
CHECKING-DEVICES
COIN-FREED OR LIKE APPARATUS
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:The various embodiments herein provide a dongle device with a communication module for a secure electronic transaction. The dongle device comprises housing provided with a slot for inserting a magnetic stripe card, a slot for inserting a contact type card, a communication module such as a Wireless module or a Bluetooth module or a mobile communication module or a zigbee module, a key pad, a connector, a cover for safeguarding the connector, a stylus, a universal serial bus (USB) port, a processor and a display. The communication module is a pluggable module to the dongle device. The card is read and the card data are transmitted through the supersonic frequencies or spread spectrum signals to a payment gateway server. The communication module links a transaction originated in a cloud computing server with a payment gateway server through a mobile device to complete a financial transaction.