Magtek, Inc.

Roger Warren Applewhite

Annmarie D Hart

Dean Adam Gittleson

Systems and methods for utilizing magnetic fingerprints obtained using magnetic stripe card readers to generate digital transaction tokens in accordance with embodiments of the invention are disclosed. In one embodiment, a method for authenticating a user using a digital token includes collecting user information and card information from an identification card containing an electronically readable component using a user authentication terminal, where the user information describes identifying information about a user and the card information describes information to uniquely identify the identification card, collecting session information using the user authentication terminal, wherein the session information describes information regarding a request for an authenticated communications session, generating a digital token based on the collected user information, the collected card information, and the collected session information using the user authentication terminal, and sending the digital token to a host access processor for authorization of an authentication request.

Systems and methods for utilizing magnetic fingerprints obtained using magnetic stripe card readers to derive transaction tokens

A method and apparatus for managing virtual objects in a network is provided. The method includes creating a unique link between at least one virtual object and a physical token. The at least one virtual object is represented by a first set of distinct predefined properties and is associated with a data set. Further, the method includes maintaining information about the unique link between the at least one virtual object and the physical token and information about the first set of distinct predefined properties. Furthermore, the method includes regulating access to the at least one virtual object based on a second set of predefined properties and verification of the physical token.

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Palos Veredes Estates, CA, United States of America

Roger Warren Applewhite