WIRELESSLY EXECUTING FINANCIAL TRANSACTIONS
First Claim
1. A micro SecureDigital (microSD) payment card, comprising:
- a microSD interface that connects to a microSD slot of a mobile host device;
a communication module that wirelessly receives RF signals from and transmits RF signals to a retail terminal;
secure memory that stores user credentials and a payment application used to execute financial transactions with the retail terminal, the user credentials and the payment application associated with a financial institution;
a user-interface module that presents and receives information through the GUI of the mobile host device; and
a processing module that executes the payment application using the user credentials in response to at least a transaction request received by the RF module and transmits at least one transaction response to the retail terminal based, at least in part, on the executed payment application.
3 Assignments
0 Petitions
Accused Products
Abstract
The present disclosure is directed to a system and method for wirelessly executing financial transactions. A payment card includes an interface, a communication module, secure memory, a user-interface module, and a processing module. The interface connects to a slot of a mobile host device. The communication module wirelessly receives RF signals from and transmits RF signals to a retail terminal. The secure memory stores user credentials and a payment application used to execute financial transactions with the retail terminal. The user credentials and the payment application are associated with a financial institution. The user-interface module presents and receives information through the GUI of the mobile host device. The processing module executes the payment application using the user credentials in response to at least a transaction request received by the communication module and transmits a transaction response to the retail terminal based, at least in part, on the executed application.
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Citations
34 Claims
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1. A micro SecureDigital (microSD) payment card, comprising:
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a microSD interface that connects to a microSD slot of a mobile host device; a communication module that wirelessly receives RF signals from and transmits RF signals to a retail terminal; secure memory that stores user credentials and a payment application used to execute financial transactions with the retail terminal, the user credentials and the payment application associated with a financial institution; a user-interface module that presents and receives information through the GUI of the mobile host device; and a processing module that executes the payment application using the user credentials in response to at least a transaction request received by the RF module and transmits at least one transaction response to the retail terminal based, at least in part, on the executed payment application. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31)
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32. A microSD card, comprising:
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a microSD interface that connects to a microSD slot of a mobile host device; a communication module that wirelessly receives RF signals from and transmits RF signals to a retail terminal; secure memory that stores user credentials and a payment application used to execute financial transactions with the retail terminal, the user credentials and the payment application associated with a financial institution; a security module that identifies the payment application and user credentials in response to at least a transaction request received by the communication module and encrypts a transaction response prior to transmitting to the retail terminal; and an operating system with a runtime environment that executes the payment application to generate the transaction response independent of the mobile host device. - View Dependent Claims (33, 34)
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Specification