SECURE WIRELESS DEPOSIT SYSTEM AND METHOD

• US 20100010932A1
• Filed: 07/09/2009
• Published: 01/14/2010
• Est. Priority Date: 07/09/2008
• Status: Abandoned Application

• Current Assignee: SALT Technology, Inc.
• Original Assignee: SALT Technology, Inc.
• Inventors: Law, Simon, Poon, Dennis Taksing, Samy, Razim Farid, Law, Jim Chi-Yin, Nguyen, Dai Van Duc
• Application Number:
  US12/500,395
• Publication Number:
  US 20100010932A1
• Time in Patent Office: Days
• US Class Current: 705/42
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/325 using wireless networks
• CPC Class Codes: G06Q 20/3823 combining multiple encryption tools for a transaction
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4014 Identity check for transactions

Abstract

A system and method is provided for registering a user or a wireless device and executing a transaction of funds from a third party account to a prepaid account. The wireless device is in secure communication with an administrating server over a network. The administrating server is in communication with a third party entity, via a third party entity server, as well as with a prepaid server. In the initial registration process, the user provides the credentials for accessing the third party account using the wireless device. The credentials are stored on the wireless device, administrating server, or both. In subsequent transactions, the user enters in the amount to be deposited into the prepaid account and the credentials are automatically retrieved from storage for authentication. If authenticated, the transaction is executed by the administrating server.

Claims

1. A method for transferring an amount of funds from a first account to a second account comprising:

an initial registration wherein;

a wireless device receives one or more credentials for accessing said first account;

said one or more credentials are stored on any one of an administrating server, said wireless device, or combination thereof, said administrating server in communication with said wireless device; and

said administrating server confirming said one or more credentials are authentic to allow access to said first account; and

one or more transactions wherein;

for each of said one or more transactions said wireless device receives a desired amount of funds to be transferred to said second account; and

said wireless device transmits said desired amount to said administrating server so that said administrating server can transfer said amount from said first account to said second account.

2. The method in claim 1 wherein during said one or more transactions, said one or more credentials are retrieved from said wireless device, said administrating server, or both, so that said administrating server can confirm said one or more credentials are authentic.

3. The method in claim 2 wherein said credentials are stored on said wireless device during said initial registration and are retrieved from said wireless device during said one or more transactions.

4. The method in claim 2 wherein a first portion of said one or more credentials are stored on said wireless device and a second portion of said one or more credentials are stored on said administrating server during said initial registration, and said portions are retrieved from said wireless device and said administrating server during said one or more transactions.

5. The method in claim 2 wherein said credentials are stored on said administrating server during said initial registration and are retrieved from said administrating server during said one or more transactions.

6. The method in claim 1 wherein during said initial registration a record indicates that said one or more credentials have been authenticated, so that during said transaction said administrating server determines if said one more credentials have been previously authenticated according to said record.

7. The method in claim 1 wherein during said initial registration, said one or more transactions, or both, said wireless device receives one or more secondary credentials for accessing said second account.

8. The method in claim 1 wherein upon said administrating server confirming said one or more credentials are authentic during said initial registration, said administrating server generates one or more security parameters used to create a cryptographic channel between said wireless device and said administrating server.

9. The method in claim 1 wherein any one of said administrating server, a first account server, a second account server, or the combination thereof, authenticate said one or more credentials, such that said first account server and said second account server are in communication with said first account server.

10. A method for transferring an amount of funds from a first account to a second account comprising:

an initial registration wherein;

an administrating server receives from a wireless device one or more credentials for accessing said first account, said administrating server in communication with said wireless device;

said one or more credentials are stored on any one of said administrating server, said wireless device, or combination thereof; and

said administrating server confirming said one or more credentials are authentic for accessing said first account; and

one or more transactions wherein;

for each of said one or more transactions said administrating server receives from said wireless device a desired amount of funds to be transferred to said second account; and

said administrating server transferring said amount from said first account to said second account.

11. The method in claim 10 wherein during said one or more transactions, said one or more credentials are retrieved from said wireless device, said administrating server, or both, so that said administrating server can confirm said one or more credentials are authentic.

12. The method in claim 11 wherein said credentials are stored on said wireless device during said initial registration and are retrieved from said wireless device during said one or more transactions.

13. The method in claim 11 wherein a first portion of said one or more credentials are stored on said wireless device and a second portion of said one or more credentials are stored on said administrating server during said initial registration, and said portions are retrieved from said wireless device and said administrating server during said one or more transactions.

14. The method in claim 11 wherein said credentials are stored on said administrating server during said initial registration and are retrieved from said administrating server during said one or more transactions.

15. The method in claim 12 wherein during said initial registration a record indicates that said one or more credentials have been authenticated, so that during said transaction said administrating server determines if said one more credentials have been previously authenticated according to said record.

16. The method in claim 10 wherein during said initial registration, said one or more transactions, or both, said wireless device receives one or more secondary credentials for accessing said second account.

17. The method in claim 10 wherein upon said administrating server confirming said one or more credentials are authentic during said initial registration, said administrating server generates one or more security parameters used to create a cryptographic channel between said wireless device and said administrating server.

18. The method in claim 10 wherein any one of said administrating server, a first account server, a second account server, or the combination thereof, authenticate said one or more credentials, such that said first account server and said second account server are in communication with said first account server.

19. A system for transferring an amount of funds from a first account to a second account comprising:

a wireless device comprising a device memory; and

an administrating server comprising a server memory,

wherein;

said wireless device is in communication with said administrating server through a network;

said wireless device able to receive from a user one or more credentials for accessing said first account during an initial registration;

said wireless device and said administrative server able to store in said one or more credentials or a portion thereof during said initial registration;

said administrating server able to confirm said one or more credentials are authentic and;

if so, said administrating server able to register said user during said initial registration;

said wireless device also able to receive from said user a desired amount of funds to transfer to said second account as well as able to transmit said desired amount to said administrating server during a transaction; and

said administrating server able to confirm if said user is registered and, if so, said administrating server able to transfer said amount from said first account to said second account during said transaction.

20. The system in claim 19 wherein a first account server and a second account server are in communication with said administrating server, said first account server interfacing with said first account, and said second account server interfacing with said second account.

21. The system in claim 20 wherein said first account server and said administrating server reside on a common server, or said second account server and said administrating server reside on said common server, or said first account server and said second account server reside on said common server, or said administrating server and said first and second account servers reside on said common server.