Methods for secure transactions

• US 10,614,441 B2
• Filed: 04/05/2019
• Issued: 04/07/2020
• Est. Priority Date: 12/04/2007
• Status: Active Grant

• Current Assignee: Accumulate AB
• Original Assignee: Accumulate AB
• Inventors: Hultberg, Stefan, Westling, Magnus
• Primary Examiner(s): Ojiaku, Chikaodinaka
• Application Number:
  US16/376,657
• Publication Number:
  US 20190236578A1
• Time in Patent Office: 368 Days
• Field of Search: None
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/3552 Downloading or loading of personalisation data
• CPC Class Codes: G06Q 20/3823 combining multiple encryption tools for a transaction

Abstract

The present invention relates to a method for a secure transaction utilizing a portable radio communication device (10), wherein both parts in the secure transaction are protected against fraudulent actions, among other things by use of a common transaction identity on a predefined transaction server.

Claims

1. A system for secure transactions comprising:

a portable radio communication device of a first transaction party, in which portable radio communication device a user transaction software has been installed in a secure way, wherein a user is identified in a secure way and tied to the installation; and

a predefined transaction server, with which the user transaction software is arranged to communicate when secure transactions are performed;

wherein the predefined transaction server is arranged to;

put a first transaction party in an active transaction state on the predefined transaction server when the first transaction party activates itself through an encrypted wireless communication from the portable radio communication device to the predefined transaction server;

put the first transaction party in a non-active transaction state on the predefined transaction server only at the occurrence of one of the following;

the first transaction party requesting a non-active transaction state;

a time-out of a transaction;

or

a finalization of a transaction;

put a second transaction party in an active transaction state on the predefined transaction server when the second transaction party activates itself on the predefined transaction server;

receive transaction information for a transaction, including a transaction identity, from the second transaction party;

identify the first transaction party in the transaction using the transaction identity; and

finalize the transaction if both transaction parties have an active transaction state on the predefined transaction server.

2. The system according to claim 1, wherein the predefined transaction server is arranged to create the transaction identity upon request from said first transaction party, and send the transaction identity to the first transaction party.

3. The system according to claim 1, wherein the predefined transaction server is arranged to:

send the transaction information through an encrypted wireless communication to the first transaction party; and

receive a verification through an encrypted wireless communication from the first transaction party.