Toast has been granted a patent for an apparatus that manages credit card reader modes dynamically. The device includes a POS terminal that accepts employee login credentials and payments via swipe, dip, or tap. A dual reader controller determines workflow states and controls the card readers accordingly. GlobalData’s report on Toast gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Toast, Transaction splitting was a key innovation area identified from patents. Toast's grant share as of April 2024 was 73%. Grant share is based on the ratio of number of grants to total number of patents.
Dynamic credit card reader mode management apparatus
A recently granted patent (Publication Number: US11915220B2) discloses an apparatus for dynamic credit card reader mode management in a point-of-sale (POS) terminal. The apparatus includes a dual reader controller that determines various workflow states of the POS terminal and dynamically controls the modes of two card readers based on these states. The workflow states include power up, login, reader update, menu, order, and payment states. For example, during the login state, the controller enables the first card reader to read magnetic stripe cards for employee login while disabling the second card reader. Similarly, during the order and payment states, the controller enables the second card reader to read loyalty cards, gift cards, debit cards, and credit cards for payment while disabling the first card reader.
Furthermore, the apparatus includes a configuration manager, data translation/normalization processor, and an order processor to manage the workflow states and communication between the card readers and the POS terminal. The method for dynamic credit card reader mode management involves determining the type and capabilities of the card readers upon power up, receiving instructions, and formatting data into a common format. The method also includes placing the card readers in stop read mode during power up and reader update states, and enabling specific card readers during login, order, and payment states to facilitate efficient processing of transactions. Overall, the patent aims to enhance the functionality of POS terminals by dynamically controlling the modes of card readers based on the workflow states to improve user experience and transaction efficiency.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
