DECODING SYSTEMS WITH A DECODING ENGINE RUNNING ON A MOBILE DEVICE AND COUPLED TO A PAYMENT SYSTEM THAT INCLUDES IDENTIFYING INFORMATION OF SECOND PARTIES QUALIFIED TO CONDUCT BUSINESS WITH THE PAYMENT SYSTEM

摘要

A decoding system with a decoding engine running on a mobile device. The decoding engine decodes signals produced from a read of a buyer's financial transaction card, accepts and initializes incoming signals from a read of a buyer's financial transaction card until the signals reach a steady state, detects the read of the buyer's financial transaction card once the incoming signals are in a steady state, identifies peaks in the incoming signals and digitizes the identified peaks in the incoming signals into bits. A transaction engine runs on the mobile device and is coupled to the decoding engine. A payment system is in communication with the transaction engine.