DESC:TECHNICAL FIELD
[001] The present subject matter described herein, in general, relates to financial transactions. More particularly, a system and method for initiating and completing a card transaction.

BACKGROUND
[002] Presently, financial transactions are either carried out at the point-of-sale machine (POS) or via online transaction on e-commerce or banking sites/applications. Further for secure transactions the existing method rely on two-part authentication which either involves using a dedicated Personal Identification Number (PIN), or One-time Password (OTP).
[003] According to a prior disclosure a System and method for providing enhanced transaction security via use of a split mobile payment system is disclosed. The system allows a Consumer to pay for a purchase using his mobile device without exposing Payment Account information to the merchant. The split mobile payment system may include a mobile payment application (MPA), running on a Consumer's mobile device, which can communicate with a Payment Platform and merchant's in-store Point of Sale Payment Application (PPA). A barcode can be used as one means for identifying a Consumer's Payment Account to the Payment Platform via the PPA. In the event of a PIN being required, the PIN may be entered by the Consumer via the mobile device rather than the merchant's PPA.
[004] In another exemplary prior disclosure a method and system provides a secure transaction server (STS); provide an authentic point of sale (POS) device, according to a first authentication parameter of the STS; provide an authentic mobile purchasing device, according to a second authentication parameter of the STS; provide a short-range communication method between the POS device and the mobile purchasing device; correlate by the STS a personal identification entry (PIE) and the authentic mobile purchasing device; transmit, by the POS device, a time dependent transformed secure POS authenticable POS purchase action to the STS; input the PIE to the mobile purchasing device to transmit a time dependent transformed secure user authenticable POS purchase action to the POS device via the short-range communication method; and approve, by the STS, the POS purchase action for the POS device and for the mobile purchasing device, according to the authentic POS device, and according to the authentic mobile purchasing device and the STS correlating of the PIE and the authentic mobile purchasing device.
[005] Currently the transactions at the POS machines are carried by either swiping the card or tapping the POS with a tap enabled card for contactless transaction. Further the POS machine usually comprises a module to swipe the card, a keypad, a processor and a module for communication. The communication module enables communication between the keypad, the swipe module, the processor and remote banks server to complete the transaction. Further the keypad is usually mounted on the POS machine or a sperate keypad may be provided i.e., directly linked only to the POS.
[006] In a POS transaction typically, a cardholder purchases some goods / services and uses a Card (debit / credit card) to pay the merchant. The Card is dipped, tapped or swiped on a POS terminal and the Card holder is prompted to enter a pin on the POS terminals pinpad/keypad. The POS terminal creates a data block which includes the EMV block and PIN block. The terminal sends the encrypted data to a gateway. The gateway in turn sends the data to the card issuer over the card payment network. The card issuer authenticates the card details (EMV block and PIN block and if these match with the records of the card in the card issuers systems, after checking availability of balance (for debit card) or credit limit (for credit card), the card issuer authorizes or declines the transaction. This authorization or decline is sent back to the POS terminal via the gateway. Basis the notification on the POS terminal, (authorized or declined) the merchant then completes the transaction (if successful, then print receipt and hand over the goods, etc.).

SUMMARY
[007] Before the present systems and methods, are described, it is to be understood that this application is not limited to the particular systems, and methodologies described, as there can be multiple possible embodiments which are not expressly illustrated in the present disclosure. It is also to be understood that the terminology used in the description is for the purpose of describing the particular versions or embodiments only and is not intended to limit the scope of the present application. This summary is provided to introduce concepts related to systems and methods initiating and completing a financial transaction wherein transaction may be initiated and further verified and completed using a remote handheld device and the concepts are further described below in the detailed description. This summary is not intended to identify essential features of the claimed subject matter nor is it intended for use in limiting the scope of the claimed subject matter.

[008] In one implementation, a system comprising a card swiper may be connected to a computing host or a processing host via cable or wirelessly, wherein computing host may be mobile or PC. The system may further comprise a Push Pin Gateway (PPG). Further the PPG may be configured to push a request to the card holder to enter a pin on his personal phone or PC i.e., Push Pin Request (PPR) for a transaction initiated on the card swiper using the card holder’s card. In accordance with the implementation on receipt of data from the swiper and PPR, the PPG combines both data sets creating transaction authorization message which is required to authorize card transactions by traditional card networks and card issuers.
[009] In another implementation, a method is disclosed wherein the method may comprise reading a card-details using a POS terminal with swiper and further generating an EMV block and will not collect the PIN thus not requiring a secure pin pad. In accordance with the method sending EMV block to the PPG via the swiper. Further sending a Push Pin Request through the PPG to the cardholder via a messaging system. Further accessing the Push Pin Request via a secure web page or application to enter a PIN to authenticate the transaction. Further the method may comprise generating a PIN block by PPG after the cardholder has provided the PIN via the PPR, and further combining the PIN block with the EMV block and generating transaction message and sending it to the appropriate payment network for transaction authorization / processing.
[0010] In another implementation a method for split transaction processing is disclosed. The method comprises swiping or tapping 202 a card on a POS machine having a swiper/card reader module 102. Further the EMV block is captured 206 and the block is sent to a Push Pin Gateway 106. In accordance with the method a payment link may be generating 208 using the Push Pin Gateway 106. The method further comprises sending the link to the customer on his cell phone or a second handheld device 108 via the Push Pin Gateway 106. The transaction may further be authenticated by the customer by inserting PIN on his cell phone or the second handheld device 108 without accessing or touching the keypad on the POS device.
[0011] In yet another implementation a system processing for split transaction. The system comprises a swiper/card reader module 102. Further an application may be embedded into a handheld device or PC 104 capable of processing instructions and communication with plurality of devices including a remote server and the swiper 102. The system may further comprise a Push Pin Gateway 106, communicably connected to the application embedded in the handheld device 104. In accordance with the present system a remote server 110 configured to communicate with the Push Pin Gateway 106.

BRIEF DESCRIPTION OF THE DRAWINGS
[0012] The foregoing detailed description of embodiments is better understood when read in conjunction with the appended drawings. For the purpose of illustrating the disclosure, example constructions of the disclosure are shown in the present document; however, the disclosure is not limited to the specific methods and apparatus disclosed in the document and the drawings.
[0013] The detailed description is given with reference to the accompanying figures. In the figures, the left-most digit(s) of a reference number identifies the figure in which the reference number first appears. The same numbers are used throughout the drawings to refer like features and components.
[0014] Figure 1 illustrates a network implementation of the present disclosure in accordance with an exemplary embodiment.
[0015] Figure 2 illustrates a method of the present disclosure in accordance with an exemplary embodiment.

DETAILED DESCRIPTION
[0016] Some embodiments of this disclosure, illustrating all its features, will now be discussed in detail. The words "comprising," "having," "containing," and "including," and other forms thereof, are intended to be equivalent in meaning and be open ended in that an item or items following any one of these words is not meant to be an exhaustive listing of such item or items, or meant to be limited to only the listed item or items. It must also be noted that as used herein and in the appended claims, the singular forms "a," "an," and "the" include plural references unless the context clearly dictates otherwise. Although any systems and methods similar or equivalent to those described herein can be used in the practice, the exemplary, systems and methods are now described. The disclosed embodiments are merely exemplary of the disclosure, which may be embodied in various forms.
[0017] Various modifications to the embodiment will be readily apparent to those skilled in the art and the generic principles herein may be applied to other embodiments. However, one of ordinary skill in the art will readily recognize that the present disclosure is not intended to be limited to the embodiments illustrated but is to be accorded the widest scope consistent with the principles and features described herein.

[0018] The proposed invention facilitates split financial transactions. In accordance with the disclosure a cardholder purchases some goods / services and uses a card to pay the merchant. The card is inserted into a card reader or a module configured to read the read the card and the transaction amount and cardholder’s mobile number is entered into an application running on a mobile device or PC which is connected to the card reader. Further an EMV block collected by the card reader and is send to the Push Pin Gateway (PPG). The PPG further sends a Push Pin Request (PPR) to the cardholder’s mobile number / device. The cardholder enters his card pin on the link provided by the PPR. The PPR returns a PIN block to the PPG. The PPG combines the EMV block and PIN block to create an industry standard card transaction message and send this onward to the card network. After the PPG receives a response from the card network, the same is relayed back to the merchant’s application embedded in mobile or PC.
[0019] Referring now to Figure 1, a network implementation of split transaction processing system 100 for a card transaction. The system 100 may comprise swiper/card reader module 102. The swiper 102 may be communicably connected with a merchant’s application embedded into a handheld device or PC 104 capable of processing instructions and communication with plurality of devices including remote server. The application embedded in the handheld device 104 is further communicably connected to Push Pin Gateway 106. The Push Pin Gateway 106 may further generate a link for enabling payment for the good/services. The link may further be transmitted or sent to a second handheld device 108 of the customer. The customer can access the generated link and further enter the PIN to authenticate the transaction. Once the authentication is provided by the customer an EMV block is created along with PIN block and sent back to the Push Pin Gateway 106. The Push Pin Gateway 106 may further be configured to access or connect a remote server 110 to verify the transaction and further provide a confirmation to the Merchant and the Customer. The remote server 110 accessed may be of a financial institution issuing the card to the cardholder.

[0020] Referring now to Figure 2, illustrates a method in accordance with the present disclosure. The method 200 as disclosed may comprise at step 202 swiping or tapping a card on a POS machine having a swiper. Further at step 204 an EMV block on the card is generated by an application embedded in the POS machine, or in a handheld device. Further the application may be configured to capture the customers’ details like cell phone number, and the transaction amount. Further at step 206, the captured details along with the EMV block are sent to a Push Pin Gateway (PPG). At step 208 the PPG generates a payment link and sends the link to the customer on his cell phone via the gateway communication channel. Further at step 210 the customer may authenticate the transaction by inserting the PIN on his cell phone without accessing or touching the keypad on the POS device.
[0021] Once the transaction is authenticated by the customer, at step 212 an EMV block on the amount and transaction authorization message is communicated back to the PPG. Further at step 214, the PPG further verifies the transaction with the financial institution issuing the card. Once the transaction is verified the same is communicated to the merchant and the customer.
,CLAIMS:We Claim :

1. A method for split transaction processing, the method comprises:
swiping or tapping 202 a card on a POS machine having a swiper/card reader module 102;
capturing 206 the EMV block and sending the block to a Push Pin Gateway 106;
generating 208 a payment link using the Push Pin Gateway 106;
sending the link to the customer on his cell phone or a second handheld device 108 via the Push Pin Gateway 106; and
authenticating the transaction by the customer by inserting PIN on his cell phone or the second handheld device 108 without accessing or touching the keypad on the POS device.
2. The method as claimed is claim 1 wherein the EMV block on the card is generated by an application embedded in the POS machine, or in a handheld device 104.
3. The method as claimed is claim 2, further comprises capturing the customers details like cell phone number, and the transaction amount by the application.
4. A system processing for split transaction, the system comprising:
a swiper/card reader module 102;
an application embedded into a handheld device or PC 104 capable of processing instructions and communication with plurality of devices including a remote server and the swiper 102;
a Push Pin Gateway 106, communicably connected to the application embedded in the handheld device 104; and
a remote server 110 configured to communicate with the Push Pin Gateway 106.
5. The system as claimed in claim 4, further comprises a second handheld device 108 of a customer.
6. The system as claimed in claim 4, wherein the Push Pin Gateway 106 is configured to generate a link for enabling payment for the good/services.

7. The system as claimed in claim 4, wherein the second handheld device 108 is received by the generated link, and further the second handheld device 108 is configured to capture a PIN to authenticate the transaction.

8. The system as claimed in claim 4, wherein the remote server 110, is configured to verify the transaction.