Obtaining and Using Primary Access Numbers Utilizing a Mobile Wireless Device
First Claim
1. A method for obtaining and utilizing a PAN to conduct a monetary transaction between a first party and a second party through the use of a mobile wireless device comprising the steps of:
- providing to said first party a temporary PAN from a block of PANs obtained from an issuer;
said first party providing said temporary PAN to said second party;
said second party contacting said issuer to verify said temporary PAN;
said issuer contacting a system server to confirm the validity of said monetary transaction based on said temporary PAN; and
if said system server confirms the validity of said monetary transaction, informing said first party and said second party of the result of said transaction and reconciling the transfer of payment between said first party and said second party if the result is positive.
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Accused Products
Abstract
The present invention relates to a system and method for obtaining and using primary access numbers on a wireless mobile device. This is accomplished through the use of a mobile client stored on the mobile wireless device. The mobile client being connected via a wireless network to a system server, the server providing primary access numbers for purchases and reconciling a purchase using a primary access number with a financial institution, a merchant or a third party. In alternative embodiment the merchant may connect directly with the financial institution, bypassing the system server.
48 Citations
21 Claims
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1. A method for obtaining and utilizing a PAN to conduct a monetary transaction between a first party and a second party through the use of a mobile wireless device comprising the steps of:
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providing to said first party a temporary PAN from a block of PANs obtained from an issuer;
said first party providing said temporary PAN to said second party;
said second party contacting said issuer to verify said temporary PAN;
said issuer contacting a system server to confirm the validity of said monetary transaction based on said temporary PAN; and
if said system server confirms the validity of said monetary transaction, informing said first party and said second party of the result of said transaction and reconciling the transfer of payment between said first party and said second party if the result is positive. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 21)
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20. A system for obtaining and utilizing a PAN to conduct a monetary transaction between a first party and a second party through the use of a mobile wireless device comprising:
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means for providing to said first party a temporary PAN from a block of PANs obtained from an issuer;
means for said first party providing said temporary PAN to said second party;
means for said second party contacting said issuer to verify said temporary PAN;
means for said issuer contacting a system server to confirm the validity of said monetary transaction based on said temporary PAN; and
means for if said system server confirms the validity of said monetary transaction, informing said first party and said second party of the result of said transaction and reconciling the transfer of payment between said first party and said second party if the result is positive.
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Specification