Micropayment financial transaction process utilizing wireless network processing
First Claim
1. An apparatus comprising:
- a first transceiver configured to receive from a personal trusted device a purchase signal including order information and payment information;
a processor in electronic communication with the first transceiver; and
a second transceiver in electronic communication with the processor, the processor configured to receive the purchase signal from the first transceiver and in response to cause the second transceiver to communicate a purchase request by wireless telephony to a remote transaction authorizer, the processor also configured to authorize a purchase based upon receipt of an acceptance signal returned from the remote transaction authorizer to the second transceiver.
7 Assignments
0 Petitions
Accused Products
Abstract
A MicroAdapter device enables payment transactions to be effected through a purchaser'"'"'s personal trusted device (PTD) without relying upon tokens or prepayment cards. In one embodiment, the MicroAdapter includes a transceiver configured to receive a purchase signal from the PTD including order and payment information. In response, the MicroAdapter communicates via wireless telephony with a transaction authorizer to receive authorization for effectuating the purchase transaction. The MicroAdapter may be particularly suited to effectuate micropayment transactions authorized by a Billing On Behalf of Others (BOBO) program administered through a wireless carrier/ISP or third party.
-
Citations
40 Claims
-
1. An apparatus comprising:
-
a first transceiver configured to receive from a personal trusted device a purchase signal including order information and payment information;
a processor in electronic communication with the first transceiver; and
a second transceiver in electronic communication with the processor, the processor configured to receive the purchase signal from the first transceiver and in response to cause the second transceiver to communicate a purchase request by wireless telephony to a remote transaction authorizer, the processor also configured to authorize a purchase based upon receipt of an acceptance signal returned from the remote transaction authorizer to the second transceiver. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
-
-
17. A purchasing system comprising:
a MicroAdapter coupled with a merchant selling a product or service, the MicroAdapter comprising a first transceiver configured to receive a purchase signal from a PTD of a buyer, and a wireless transceiver configured to communicate a purchase request to a wireless carrier, the wireless transceiver receiving approval for the purchase transaction from a remote transaction authorizer. - View Dependent Claims (18, 19, 20, 21)
-
22. A method of selling an item or service to a buyer, the method comprising:
-
transmitting a purchase option to a potential buyer'"'"'s personal trusted device (PTD) using a wireless protocol;
receiving a purchase request generated by the buyer'"'"'s (PTD) using the wireless protocol; and
generating an approval request from the purchase request;
transmitting the approval request to a transaction authorizer; and
receiving an approval signal from the transaction authorizer. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35)
-
-
36. A method of programming a personal trusted device comprising:
-
providing a MicroAdapter device having a wireless transceiver and configured to communicate with a merchant;
communicating an identity signal from a user'"'"'s personal trusted device to the MicroAdapter device;
communicating the identity signal from the MicroAdapter device to a remote location;
communicating data from the remote location to the MicroAdapter upon authenticating the identity signal; and
communicating the data from the MicroAdapter to the wireless transceiver of the personal trusted device. - View Dependent Claims (37, 38, 39, 40)
-
Specification