Device Method & System For Facilitating Mobile Transactions

• US 20080305769A1
• Filed: 06/08/2007
• Published: 12/11/2008
• Est. Priority Date: 06/08/2007
• Status: Abandoned Application

• Current Assignee: Nahum Rubinstein
• Original Assignee: Nahum Rubinstein
• Inventors: Rubinstein, Nahum
• Application Number:
  US11/759,957
• Publication Number:
  US 20080305769A1
• Time in Patent Office: Days
• US Class Current: 455/411
• CPC Class Codes: G06F 21/35 communicating wirelessly

Abstract

Disclosed is a method and system for facilitating secure transactions via mobile devices such as cell-phones, smart-phones, person digital assistants (“PDA”) and the like. According to some embodiments of the present invention, there is provided a system and method for authenticating a user via multi-factor authentication. According to further embodiments of the present invention, a user engaging in a transaction associated with a given transaction system (e.g. banking network, etc.) and requiring authentication may be authenticated using a combination of two or more keys, where a first key may be stored on a mobile device used as an interface to the transaction system, and where a second key may be stored on a digital key storage device functionally associated with the mobile device.

Claims

1. A digital key storage device comprising:

a non-volatile memory adapted to store a digital key; and

a communication module adapted to provide a mobile communication device regulated access to data derived from the digital key stored on said non-volatile memory.

2. The device according to claim 1, further comprising a digital key generation module adapted to generate a session key based on the digital key stored on said non-volatile memory.

3. The device according to claim 2, wherein said digital key generation module is further adapted to generate a session key based on the digital key stored on said non-volatile memory and based on data provided by the mobile device.

4. The device according to claim 3, wherein the data provided by the device is a token sent to the device by a remote transaction system.

5. The device according to claim 3, wherein the data provided by the device is related to personal data provided by a user of the mobile device.

6. The device according to claim 5, wherein the personal data is selected from the group of data consisting of personal identification number, fingerprint data, voiceprint data, any biometric data.

7. A transaction system comprising:

a communication module adapted to communicate with a mobile device over a multifactor authentication secured communication session, wherein the multifactor authentication is based on at least one digital key stored on the mobile device and base on a digital key stored on a digital key storage device in wireless communication with the mobile device.

8. A mobile device comprising:

a communication module adapted to communicate with a transaction system over a multifactor authentication secured communication session, wherein the multifactor authentication is based on at least one digital key stored on said mobile device and base on a digital key stored on a digital key storage device in wireless communication with said mobile device.

9. The device according to claim 8, further comprising a second communication module adapted to engage in a wireless communication session with the digital key storage device.

10. The device according to claim 9, further comprising a user input unit adapted to receive user authentication data.

11. The device according to claim 8, further comprising a logic circuit adapted to process data associated with the multifactor authentication secured communication session.

12. Computer executable code stored on a digital storage medium and when executed by a processor of a mobile device said code adapted to cause the processor to configure a communication module to communicate with a transaction system over a multifactor authentication secured communication session, wherein the multifactor authentication is based on at least one digital key stored on said mobile device and base on a digital key stored on a digital key storage device in wireless communication with said mobile device.