Multi Purpose & Multi Featured Scanner Device

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PCT Application Number                     : Will update soon
Indian Patent Application Number  : 201741028344
US Patent Application Number         : Will update soon

The card based transactions enables to use payment cards such as credit or debit cards which are ubiquitous to make a payment by electronic funds transfer. For decades such cards have included a magnetic stripe, QR code or electronic scannable code. The magnetic strip or QR code or electronic scannable code stores card data wherein the data associated with a customer/user, which can be read by physical contact and swiping past a reading head. The card based transactions can be performed across multiple channels of commerce. As mentioned above, the payment card-based transaction may be performed at a point of sale terminal (POS) in a retail store, or a shopping mall.

Conventionally in the reatil outlets a cashier/clerk/merchant scan the (electronic scannable code) barcode of the grocery, purchased items and calculate the amount payable by the customer and indicate the amount, and indicate the options for the customer to make payment. The customer inserts credit card/debit card in the card slot and secretly enters his/her pin and confirm by pressing enter. After receiving payment, the merchant may issue a receipt for the transaction. However in the current process of performing financial transaction at the shopping mall or supermarkets include two electronic device one is POS machine and another is scanner device which is very inconvenient and unreliable and inefficient and time consuming process for customer.

Irrespective of these drawbacks, additionally, it is often inconvenient to the merchant while executing process of financial transaction in the reatil outlets a cashier/clerk/merchant scan the (electronic scannable code) barcode of the grocery, purchased items and calculate the amount, as merchant utilizes different electronic devices such as PoS machine and barcode scanner. However as the popularity and worldwide acceptance of credit cards or debit cards or bank cards has been  grow exponentially, simultaneously most customer faced fraud and the misuse or unauthorized use of same by unscrupulous persons with criminal intent has become a serious problem as bank cards handed to cashier or clerk or merchant. Therefore, it would be advantageous to provide a way in which the conventional method, system and device being replaced or supplemented by quicker, more convenient or more economical payment methods by utilizing a contactless payment device such as a multi-purpose multi-featured scanner device to an electronic scannable code or a microprocessor chip or magnetic-stripe associated with a bank card or a receipt or an object to perform a transaction while avoiding the need of multiple electronic devices to perform the transaction.
Therefore, there still exists a dire need to provide a new, inventive and technically advanced multi-purpose multi-featured scanner device or an electronic scanner for scanning an electronic scannable code or a microprocessor chip or magnetic-stripe associated with a bank card or a receipt or an object to perform a transaction while avoiding the need of multiple electronic devices to perform the transaction with enhanced security method to perform transactions.

A scanner device to perform a financial transaction includes a non-transitory storage device having embodied therein one or more routines, and one or more processors coupled to the non-transitory storage device and operable to execute the one or more routines, wherein the one or more routines include: a scanning module, which when executed by the one or more processors, enables one or more sensors to scan at least an object having an electronic scannable code, wherein said object is any or combination of a payment card such as a credit card or a debit card or voucher card or a driving license or a passport, a receipt, a human being a microprocessor chip and a magnetic-stripe; an extraction module, which when executed by the one or more processors, enables said sensors to read/extract at least an information pre-stored in said electronic scannable code, wherein said information is pre-stored in an encrypted form; an OTP receiving module, which when executed by the one or more processors, enables to obtain at least a Payment request One Time Password (PROTP) and thereby perform said financial transaction using said PROTP.

The scanner device further includes an editing module, which when executed by the one or more processors, enables a user to edit the information extracted/read from said electronic scannable code, wherein said information is displayed on a user interface of said scanner device or a computing device connected to said scanner device. The scanner device further includes one or more communication module adapted to couple with one or more peripheral devices wirelessly or in wired manner, wherein said communication module is further adapted to enable insertion of payment card.

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Note: All the above images are only for illustration purpose.

Disclaimer: Chances are there that some one may have patents on the similar innovative ideas but all these concepts are my own individual thoughts.

 Thanks,
SPCS

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