CPC G06Q 20/322 (2013.01) [G06Q 20/20 (2013.01); G06Q 20/347 (2013.01)] | 20 Claims |
1. A portable computing device for transmitting transaction card data to a merchant point-of-sale (POS) device, said portable computing device comprising:
a memory device for storing data; a processor; and
a transmitter, said processor in communication with said memory device and said transmitter, said portable computing device programmed to:
receive the transaction card data that mimics data stored within a magnetic stripe associated with a transaction card;
convert the transaction card data to a first data file for storage within said memory device;
transmit the first data file to said transmitter; and
transmit a first waveform from said transmitter to the POS device, wherein the first waveform comprises changes in a magnetic field that represent the transaction card data.
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