Method and System for Accepting and Processing Financial Transactions over a Mobile Computing Device

• US 20090248579A1
• Filed: 03/31/2008
• Published: 10/01/2009
• Est. Priority Date: 03/31/2008
• Status: Abandoned Application

• Current Assignee: Symbol Technologies, LLC (Zebra Technologies Corporation)
• Original Assignee: Symbol Technologies, LLC (Zebra Technologies Corporation)
• Inventors: Kaminski, Ronald, Self, Mark, Kayser, Christopher
• Application Number:
  US12/058,914
• Publication Number:
  US 20090248579A1
• Time in Patent Office: Days
• US Class Current: 705/67
• CPC Class Codes: G06Q 20/0855 involving a third party
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/208 Input by product or record sensing, e.g. weighing or scanner processing
• CPC Class Codes: G06Q 20/32 using wireless devices
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3226 Use of secure elements separate from M-devices
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/4012 Verifying personal identification numbers [PIN]
• CPC Class Codes: G07F 7/0886 the card reader being portable for interacting with a POS or ECR in realizing a payment transaction
• CPC Class Codes: G07F 7/0893 the card reader reading the card in a contactless manner
• CPC Class Codes: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data

Abstract

A system includes a processing component; a communication interface receiving transaction data when a mobile device is coupled to the system; at least one data capture input element receiving payment data from an item external to the system and the mobile device; and a display displaying at least the transaction data.

Claims

1. A method, comprising:

receiving at a first device transaction data from a second device attached to the first device; and

receiving at the first device payment data by an interactive of an input element of the first device with an item external to the first device and the second device.

2. The method according to claim 1, further comprising:

authenticating the payment data; and

encrypting the payment data.

3. The method according to claim 2, further comprising:

transmitting the encrypted payment data to one of the attached device and a credit verification center.

4. The method according to claim 1, further comprising:

transmitting the payment data and the transaction data to a collection point.

5. The method according to claim 1, wherein the payment data includes a personal identification number (“

PIN”

).

6. The method according to claim 4, further comprising:

verifying the PIN with a one of a local database and a remote database.

7. The method according to claim 1, wherein the input element includes at least one of a keypad, a magnetic head reader, an RFID reader, a barcode scanner, an image-based scanner, and a laser-based scanner.

8. The method according to claim 1, wherein the item is one of a credit card, a debit card, a smart card, a package, a driver'"'"'s license, employment identification, a retail reward/loyalty card, and biometric data.

9. The method according to claim 3, wherein transmitting the encrypted payment data to one of the second device and a credit verification center is performed by a wireless communication interface.

10. A system, comprising:

a processing component;

a communication interface receiving transaction data when a mobile device is coupled to the system;

at least one data capture input element receiving payment data from an item external to the system and the mobile device; and

a display displaying at least the transaction data.

11. The system according to claim 10, further comprising:

a keypad receiving authentication data from a user; and

a verification component verifying the payment data and the authentication data.

12. The system according to claim 11, wherein the authentication data includes a personal identification number (“

PIN”

), the PIN verifying with a one of a local database and a remote database.

13. The system according to claim 10, further comprising:

an encryption module encrypting the payment data.

14. The system according to claim 13, further comprising:

a wireless communication module transmitting the encrypted payment data to a credit verification center.

15. The system according to claim 10, wherein the input element includes at least one of a keypad, a magnetic head reader, an RFID reader, barcode scanner, an image-based scanner, and a laser-based scanner.

16. The system according to claim 10, wherein the item is one of a credit card, a debit card, a smart card, a package, a driver'"'"'s license, employment identification, a retail reward/loyalty card, and biometric data.

17. A device, comprising:

a transaction receiving means for receiving transaction data input initially into an attached device;

an input receiving means; and

a payment receiving means for receiving payment data from an item via the input receiving means.

18. The device according to claim 17, further comprising:

an authentication means for authenticating the payment data; and

an encryption means for encrypting the payment data.

19. The device according to claim 17, further comprising:

a transmission means for transmitting at least one of (a) the encrypted payment data to one of the attached device and a credit verification center and (b) the payment data and the transaction data to a collection point.

20. The device according to claim 17, wherein the payment data includes a personal identification number (“

PIN”

).

21. The device according to claim 17, further comprising:

a verification means for verifying the PIN within a one of a local database and a remote database.

22. The device according to claim 17, wherein the input means includes at least one of a keypad, a magnetic head reader, an RFID reader, barcode scanner, an image-based scanner, and a laser-based scanner.

23. The device according to claim 17, wherein the item is one of a credit card, a debit card, a smart card, a package, a driver'"'"'s license, employment identification, a retail reward/loyalty card, and biometric data.