Method and system of effecting a financial transaction

• US 20020023027A1
• Filed: 08/17/2001
• Published: 02/21/2002
• Est. Priority Date: 08/18/2000
• Status: Abandoned Application

• Current Assignee: Telefonaktiebolaget LM Ericsson
• Original Assignee: Telefonaktiebolaget LM Ericsson
• Inventors: Simonds, Grant
• Application Number:
  US09/932,667
• Publication Number:
  US 20020023027A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06K 7/1095 the scanner comprising adaptations for scanning a record carrier that is displayed on a display-screen or the like
• CPC Class Codes: G06Q 20/00 Payment architectures, schemes or protocols apparatus for performing or posting payment transactions G07F7/08, G07F19/00; electronic cash registers G07G1/12
• CPC Class Codes: G06Q 20/045 using payment protocols involving tickets
• CPC Class Codes: G06Q 20/047 using payment protocols involving electronic receipts
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3274 using a pictured code, e.g. barcode or QR-code, being displayed on the M-device
• CPC Class Codes: G06Q 20/343 Cards including a counter
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G07F 7/02 by keys or other credit registering devices

Abstract

A method of providing a purchaser with a confirmation of a transaction includes providing the purchaser with an electronic machine-readable image, such that the electronic image may be displayed on a screen of a portable or handheld electronic device to verify the transaction. The image may be any displayable and visually readable indicia. The system includes a transaction validation device for issuing the electronic machine-readable image in response to a financial transaction, a network interface means, and a portable or handheld electronic device for receiving the electronic machine-readable image for display on the screen of the portable or handheld electronic device to verify the transaction. The system also preferably includes an optical scanner for reading the barcode image from the display.

Claims

1. A method of providing a purchaser with a confirmation of a transaction, comprising the steps of:

providing the purchaser with an electronic machine-readable image, and

displaying the image on the screen of a portable or handheld electronic device to verify the transaction.

2. The method of claim 1, wherein the electronic machine-readable image is an electronic barcode or other displayable and visually readable indicia.

3. The method of claim 1, wherein the machine-readable image is transmitted directly to a portable or handheld electronic device, such as via WAP.

4. The method of claim 1, wherein the portable device is a mobile phone.

5. The method of claim 2, wherein the portable device is a mobile phone.

6. The method of claim 1, wherein the transaction is a financial transaction.

7. The method of claim 1, wherein the image is a receipt of the transaction.

8. The method of claim 2, wherein the image is a receipt of the transaction.

9. The method of claim 4, wherein the image is a receipt of the transaction.

10. A system for facilitating a commercial transaction, the system comprising:

a transaction validation device for issuing an electronic machine-readable image or indicia in response to the commercial transaction; and

network interface means for communicating the image to a portable or handheld electronic device, wherein the portable or handheld electronic device is adapted to receive the electronic machine-readable image and display the image on a screen of the portable or handheld electronic device in a manner that will enable confirmation of the transaction.

11. The system of claim 10, wherein the electronic machine-readable image is a barcode.

12. The system of claim 10, wherein the portable or handheld electronic device is a mobile phone.

13. The system of claim 11, wherein the portable or handheld electronic device is a mobile phone.

14. The system of claim 10, wherein the transaction is a financial transaction.

15. The system of claim 10, further comprising an image reading device adapted to utilize optical image reading techniques.

16. The system of claim 11, further comprising an image reading device adapted to utilize optical image reading techniques.

17. The system of claim 15, wherein the image reading device is a digital camera operatively associated with image recognition software.

18. The system of claim 16, wherein the image reading device is a digital camera operatively associated with image recognition software.

20. The system of claim 19, wherein the electronic machine-readable image is a barcode.

21. The system of claim 19, wherein the portable or handheld electronic device is a mobile phone.

22. The system of claim 19, wherein the commercial transaction is a financial transaction.

23. The system of claim 19, further comprising an image reading device adapted to operatively read the image using optical image reading techniques.

24. The system of claim 23, wherein the reading device is a digital camera operatively associated with image recognition software.

26. The method as claimed in claim 25, further comprising the steps of:

prior to scanning the image, effecting a financial transaction to purchase the goods or services, and

receiving, by the first electronic device, the image as a receipt of the transaction.

27. The method of claim 25, further comprising the step of:

displaying the image on a display of the first device when verifying the purchase of goods or services.

28. The method of claim 25, further comprising the step of:

following the step of scanning, seeking verification of the image from the vendor in the financial transaction.

29. The method of claim 28, further comprising the steps of:

receiving a vendor'"'"'s verification of the image, and

transacting in the goods or services.

30. The method of claim 29, further comprising the steps of:

prior to transacting in the goods or services, transmitting a signal to the first device from which the transaction was effected, and

seeking confirmation for approval of the transaction from the first device from which the transaction was effected.

31. The method of claim 30, wherein, if the confirmation for approval is not received from the first device, determining that the scanned image is fraudulent.

19. A system for facilitating a transaction, the system comprising:

a machine-readable image, said machine-readable image being a receipt for the transaction, and

a portable or handheld electronic device having a screen upon which the machine-readable image is displayable,

wherein the machine-readable image is displayable on the screen in a manner that enables confirmation of the transaction by reading the image.

25. A method of verifying a purchase of goods or services, the method comprising the steps of:

scanning a machine-readable image, which is electronically displayed on a first portable or handheld electronic device such that access to the goods or services will be provided, wherein the scanning step leads to confirmation of the purchase of the goods or services.