SYSTEM AND METHOD FOR COMPLETING A SECURE FINANCIAL TRANSACTION USING A WIRELESS COMMUNICATIONS DEVICE
First Claim
1. A computer program product comprising a computer-usable medium having control logic stored therein for causing a computer to enable a buyer to make a purchase using a mobile communication device, the control logic comprising:
- first computer-readable program code for causing the computer to receive a purchase request transmitted from the mobile communication device of the buyer;
second computer-readable program code for causing the computer to respond to the purchase request by requesting information relating to an identity of the buyer;
third computer-readable program code for causing the computer to receive a response to the information request;
fourth computer-readable program code for causing the computer to determine whether the information requested and the response received match; and
fifth computer-readable program code for causing the computer to send a surrogate account number to enable the buyer to complete the purchase, wherein the surrogate account number is encoded in a bar code.
3 Assignments
0 Petitions
Accused Products
Abstract
A system and method for completing a financial transaction using a wireless communication device is provided. A transaction authorization request is sent from the device to an issuer using SMS. An authentication message is sent from the issuer to the device, and a response is sent by a user of the device to confirm the identity of the user. Once the identity of the user is verified, a surrogate account number, in a bar code format, is sent to the mobile communication device to be read by a POS device to complete the financial transaction. A computer program product enabling the systems and methods described is also provided.
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Citations
20 Claims
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1. A computer program product comprising a computer-usable medium having control logic stored therein for causing a computer to enable a buyer to make a purchase using a mobile communication device, the control logic comprising:
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first computer-readable program code for causing the computer to receive a purchase request transmitted from the mobile communication device of the buyer; second computer-readable program code for causing the computer to respond to the purchase request by requesting information relating to an identity of the buyer; third computer-readable program code for causing the computer to receive a response to the information request; fourth computer-readable program code for causing the computer to determine whether the information requested and the response received match; and fifth computer-readable program code for causing the computer to send a surrogate account number to enable the buyer to complete the purchase, wherein the surrogate account number is encoded in a bar code. - View Dependent Claims (2, 3, 4, 5, 8)
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6. A computer system comprising a processor and a memory storing control logic for causing the processor to enable a buyer to make a purchase using a mobile communication device, wherein the control logic includes:
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first computer-readable program code for causing the computer to receive a purchase request transmitted from the mobile communication device of the buyer; second computer-readable program code for causing the computer to respond to the purchase request by requesting information relating to an identity of the buyer; third computer-readable program code for causing the computer to receive a response to the information request; fourth computer-readable program code for causing the computer to determine whether the information requested and the response received match; and fifth computer-readable program code for causing the computer to send a surrogate account number to enable the buyer to complete the purchase, wherein the surrogate account number is encoded in a bar code. - View Dependent Claims (7, 9, 10)
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11. A method for a buyer to purchase a product or service, the method comprising:
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sending a transaction authorization request to an issuer from a mobile communications device; receiving an authentication message; sending a response to the authentication message; and receiving a machine-readable image containing information relating to an account associated with the buyer to process the purchase. - View Dependent Claims (12, 13, 14, 15)
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16. A method for a buyer to purchase a product or service, the method comprising:
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sending a transaction authorization request to an issuer from a mobile communications device; receiving an authentication message; sending a response to the authentication message; receiving an SMS containing information relating to an account associated with the buyer to complete the purchase; and converting said SMS into a machine-readable image. - View Dependent Claims (17, 18, 19, 20)
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Specification