CPC G06Q 20/409 (2013.01) [G06Q 20/102 (2013.01); G06Q 20/341 (2013.01)] | 24 Claims |
1. A transaction chip to exchange information with a chip card, the transaction chip comprising:
a processing unit;
at least one memory device connected to the processing unit, the at least one memory device including computer readable instructions;
a contact interface connected to the processing unit, the contact interface comprising a plurality of pins, wherein the plurality of pins includes an input/output pin, a power supply pin, a reset pin, a clock pin, a ground pin, and a programming voltage pin;
power and communication circuitry connected to the plurality of pins, the power and communication circuitry configured to interface with an EMV chip of the chip card;
the processing unit, the at least one memory device, the contact interface and the power and communication circuitry being incorporated in the transaction chip;
a wireless interface connected to the processing unit, the wireless interface comprising circuitry to interface with a wireless communication device; and
the computer readable instructions, when interpreted by the processing unit, cause the processing unit to:
acquire payment information from the chip card when the EMV chip is interfaced with the power and communication circuitry;
process the acquired payment information; and
transmit the processed payment information to a point-of-sale application of a merchant device via the wireless communication device.
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