Method for processing transactions by means of wireless devices

• US 20030162565A1
• Filed: 01/31/2003
• Published: 08/28/2003
• Est. Priority Date: 02/28/2002
• Status: Abandoned Application

• Current Assignee: Ali Hassan Al-Khaja
• Original Assignee: Ali Hassan Al-Khaja
• Inventors: Al-Khaja, Ali Hassan
• Application Number:
  US10/357,164
• Publication Number:
  US 20030162565A1
• Time in Patent Office: Days
• US Class Current: 455/558
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/32 using wireless devices
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G07F 7/0886 the card reader being portable for interacting with a POS or ECR in realizing a payment transaction
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
• CPC Class Codes: H04M 15/00 Arrangements for metering, time-control or time indication ; Metering, charging or billing arrangements for voice wireline or wireless communications, e.g. VoIP
• CPC Class Codes: H04M 15/48 Secure or trusted billing, e.g. trusted elements or encryption
• CPC Class Codes: H04M 15/68 Payment of value-added services
• CPC Class Codes: H04M 2215/0156 Secure and trusted billing, e.g. trusted elements, encryption, digital signature, codes or double check mechanisms to secure billing calculation and information
• CPC Class Codes: H04M 2215/0196 Payment of value-added services, mainly when their charges are added on the telephone bill, e.g. payment of non-telecom services, e-commerce, on-line banking
• CPC Class Codes: H04M 2215/32 Involving wireless systems

Abstract

In a method for processing financial transactions by means of wireless devices, especially devices for mobile communication, at least one device for mobile communication is used which preferably incorporates or includes a Subscriber Information Module (SIM) a card. A mobile communciation connection is established by at least one transaction partner to a service provider, by means of which first data relevant for the transaction and a credit or debit card number or an account number of a first transaction partner as well as the transaction amount are transmitted, with said information being confirmed by means of a digital signature and/or a PIN. Thereafter, second data including a credit or debit card number or aaccount number are entered by a second transaction partner from which the amount to be paid into the stated account of the first transaction partner is to be debited or into which the amount to be paid by the first transaction partner is to be credited, with these entries being confirmed by means of a digital signature and/or a PIN of the second transaction partner. The transaction is then executed.

Claims

1. A method for processing transactions by means of wireless devices, especially devices for mobile communication, said method comprising the steps of:

(a) establishing a communication link between a first transaction partner and a service provider by means of a wireless device;

(b) transmitting to said service provider first data relevant to the transaction, including a credit or debit card number or account number of a first transaction partner, and the transaction amount;

(c) confirming said first data by providing at least one of a digital signature and a personal identification number (PIN) of the first transaction partner;

(d) supplying to said service provider second data including a credit or debit card number or account number of a second transaction partner from which the amount to be paid into the stated account of the first transaction partner is to be debited or into which the amount to be paid by the first transaction partner is to be credited;

(e) confirming said second data of the second transaction partner by providing at least one of a digital signature and a PIN of the second transaction partner; and

(f) executing the transaction.

5. A method as recited in claim 1, wherein a confirmation of this transaction is required by a further transaction partner, in the case of a debit from a certain account.

6. A method as recited in claim 5, wherein after the establishment of a connection to the service provider and the entry of the account, credit or debit card number from which a certain amount is to be debited, the service provider establishes a connection to a further device for mobile communication of a further transaction partner whose confirmation is required, wherein the further transaction partner is shown relevant data of the proposed transaction with a request for confirmation in the form of a digital signature and/or a PIN for the desired transaction, and wherein the transaction is performed only after the confirmation is transmitted.

7. A method as recited in claim 6, wherein the confirmation is transmitted prior to the actual time of th transaction, with one transaction partner entering in advance the confirmation for approving the debit of a certain sum by means of a connection to a service provider by entering at least one of a digital signature and a PIN for the account or credit/debit card number from which a certain amount is to be debited.

8. A method as recited in claim 1, wherein the data is transmitted in partly or fully encrypted form.

9. A method as recited in claim 1, wherein at least a portion of the data are stored in the device for mobile communication.

10. A method as recited in claim 9, wherein at least a portion of the data are stored on a card disposed in the device.

11. A method as recited in claim 10, wherein the card is a SIM card.

12. A method as recited in claim 1, wherein the device for mobile communication is a wireless telephone.

13. A method as recited in claim 1, wherein relevant data of the transaction partners are stored by the service provider, which data are made available to the transaction partner after the establishment of a connection and an authentication by means of at least one of a digital signature or PIN.

14. A method as recited in claim 1, further comprising the step of displaying a transaction confirmation, with all or a part of the transaction data, on the wireless device of the first transaction.

15. A method as recited in claim 14, wherein the transaction confirmation is printed out by means of a printer device connected to said wireless device.

16. A method as recited in claim 1, wherein the transmission of the data is provided with a time signal, and wherein the transaction is terminated upon exceeding a predetermined time interval.

2. A method for processing transactions by means of wireless devices, especially devices for mobile communication, said method comprising the steps of:

(a) establishing a first communication link between a first transaction partner and a service provider by means of a first wireless device;

(b) transmitting to said service provider first data relevant to the transaction, including a credit or debit card number or account number of a first transaction partner, and the transaction amount;

(c) confirming said first data by providing at least one of a digital signature and a personal identification number (PIN) of the first transaction partner;

(d) assigning a unique transaction number to the transaction at the service provider;

(e) establishing a second communication link between a second transaction partner and said service provider by means of a second wireless device;

(f) transmitting to said service provider second data including said transaction number and a credit or debit card number or account number of said second transaction partner from which the amount to be paid into the stated account of the first transaction partner is to be debited or into which the amount to be paid by the first transaction partner is to be credited;

(g) confirming said second data of the second transaction partner by providing at least one of a digital signature and a PIN of the second transaction partner; and

(h) executing the transaction.

3. A method as recited in claim 2, further comprising the steps of displaying details of the transaction and a query for confirmation on the wireless device of the second transaction partner, after entry of the transaction number, and confirming the transaction by providing at least one of a digital signature and a PIN by the second transaction partner.

4. A method for processing transactions by means of wireless devices, especially devices for mobile communication, said method comprising the steps of:

(a) establishing a communication link between a first transaction partner and a service provider by means of a first wireless device;

(b) transmitting to said service provider first data relevant to the transaction, including a credit or debit card number or account number of a first transaction partner, and the transaction amount;

(c) confirming said first data by providing at least one of a digital signature and a personal identification number (PIN) of the first transaction partner;

(d) assigning a unique subscriber number of a second transaction partner;

(e) establishing a second communication link between said second transaction partner and said service provider by means of a second wirelss device;

(f) transmitting to said service provider second data including said subscriber number;

(g) transmitting to said second transaction partner at least some of said first data;

(h) confirming said transaction by said second transaction partner by providing at least one of a digital signature and a PIN of the second transaction partner; and

(i) executing the transaction.