Invention Grant
- Patent Title: Multiple payment card reader system
- Patent Title (中): 多付款读卡器系统
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Application No.: US14512104Application Date: 2014-10-10
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Publication No.: US09576159B1Publication Date: 2017-02-21
- Inventor: Thomas Templeton , Michael C. Lamfalusi , Jeremy Wade , James McKelvey , Jesse Dorogusker
- Applicant: Square, Inc.
- Applicant Address: US CA San Francisco
- Assignee: Square, Inc.
- Current Assignee: Square, Inc.
- Current Assignee Address: US CA San Francisco
- Agency: Polsinelli PC
- Main IPC: G06K7/08
- IPC: G06K7/08 ; G06K7/00

Abstract:
Approaches provide for a mobile point-of-sale system configured to facilitate the transfer of funds between entities (e.g., customers and merchants). A card reader can include two different types of slots configured for conducting a financial transaction between entities. A first slot can allow for a magnetic stripe element of a card to be swiped. A second slot can include contact elements which allow the card to be “dipped in”. In this way, the device can receive a swipe and/or a “dipping” of a card into a respective slot for conducting a financial transaction.
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