SYSTEM AND METHOD OF CONDUCTING TRANSACTIONS USING A MOBILE WALLET SYSTEM

• US 20100125510A1
• Filed: 09/18/2009
• Published: 05/20/2010
• Est. Priority Date: 11/17/2008
• Status: Abandoned Application

• Current Assignee: Qualcomm, Inc.
• Original Assignee: Firethorn Mobile, Inc. (Qualcomm, Inc.)
• Inventors: Mason, James P., Smith, Steven M., Porter, Warren D., Rackley, Brady L., Iyer, Karthik R., Monahan, Scott P., Rainey, Nanci, Cochran, Kyle, Dessert, Robert L., Osei, Aidoo, Ackerman, Ben D.
• Application Number:
  US12/562,593
• Publication Number:
  US 20100125510A1
• Time in Patent Office: Days
• US Class Current: 705/17
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• 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 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: H04L 2463/102 applying security measure for e-commerce
• CPC Class Codes: H04L 63/0838 using one-time-passwords

Abstract

A method of managing transactions between a mobile wallet within a mobile device and a point-of-sale terminal at a merchant is disclosed and may include receiving a request for a purchase code from the mobile wallet, generating a short-term purchase code, transmitting the short-term purchase code to the mobile wallet, and receiving the short-term purchase code from the merchant.

Claims

1. A method of managing transactions between a mobile wallet within a mobile device and a point-of-sale terminal at a merchant, the method comprising:

receiving a request for a purchase code from the mobile wallet;

generating a short-term purchase code;

transmitting the short-term purchase code to the mobile wallet; and

receiving the short-term purchase code from the merchant.

2. The method of claim 1, further comprising:

determining whether the short-term purchase code is expired;

determining whether the short-term purchase code is valid; and

transmitting user account information to the merchant when the short-term purchase code is not expired and is valid.

3. The method of claim 2, further comprising:

receiving transaction information from an account provider.

4. The method of claim 3, further comprising:

updating the mobile wallet associated with the mobile device to include the transaction information from the account provider.

5. The method of claim 4, further comprising:

transmitting an updated wallet to the mobile device.

6. A server for managing transactions between a mobile wallet within a mobile device and a point-of-sale terminal at a merchant, the server comprising:

means for receiving a request for a purchase code from the mobile wallet;

means for generating a short-term purchase code;

means for transmitting the short-term purchase code to the mobile wallet; and

means for receiving the short-term purchase code from the merchant.

7. The server of claim 6, further comprising:

means for determining whether the short-term purchase code is expired;

means for determining whether the short-term purchase code is valid; and

means for transmitting user account information to the merchant when the short-term purchase code is not expired and is valid.

8. The server of claim 7, further comprising:

means for receiving transaction information from an account provider.

9. The server of claim 8, further comprising:

means for updating the mobile wallet associated with the mobile device to include the transaction information from the account provider.

10. The server of claim 9, further comprising:

means for transmitting an updated wallet to the mobile device.

11. A server for managing transactions between a mobile wallet within a mobile device and a point-of-sale terminal at a merchant, the server comprising:

a processor operable to;

receive a request for a purchase code from the mobile wallet;

generate a short-term purchase code;

transmit the short-term purchase code to the mobile wallet; and

receive the short-term purchase code from the merchant.

12. The server of claim 11, wherein the processor is further operable to:

determine whether the short-term purchase code is expired;

determine whether the short-term purchase code is valid; and

transmit user account information to the merchant when the short-term purchase code is not expired and is valid.

13. The server of claim 12, wherein the processor is further operable to:

receive transaction information from an account provider.

14. The server of claim 13, wherein the processor is further operable to:

update the mobile wallet associated with the mobile device to include the transaction information from the account provider.

15. The server of claim 14, wherein the processor is further operable to:

transmit an updated wallet to the mobile device.

16. A computer program product, comprising:

a computer-readable medium, comprising;

at least one instruction for receiving a request for a purchase code from the mobile wallet;

at least one instruction for generating a short-term purchase code;

at least one instruction for transmitting the short-term purchase code to the mobile wallet; and

at least one instruction for receiving the short-term purchase code from the merchant.

17. The computer program product of claim 16, wherein the computer-readable medium further comprises:

at least one instruction for determining whether the short-term purchase code is expired;

at least one instruction for determining whether the short-term purchase code is valid; and

at least one instruction for transmitting user account information to the merchant when the short-term purchase code is not expired and is valid.

18. The computer program product of claim 17, wherein the computer-readable medium further comprises:

at least one instruction for receiving transaction information from an account provider.

19. The computer program product of claim 18, wherein the computer-readable medium further comprises:

at least one instruction for updating the mobile wallet associated with the mobile device to include the transaction information from the account provider.

20. The computer program product of claim 19, wherein the computer-readable medium further comprises:

at least one instruction for transmitting an updated wallet to the mobile device.

21. A method of managing transactions between a mobile wallet within a mobile device and a mobile store, the method comprising:

receiving a transaction request from the mobile store;

receiving a customer identifier from the mobile store;

retrieving the mobile wallet associated with the mobile device; and

retrieving customer account information from the mobile wallet.

22. The method of claim 21, wherein the customer account information includes at least one of the following:

a preferred payment account, a default billing address, and a default shipping address.

23. The method of claim 21, further comprising:

receiving transaction information from an account provider, when the transaction is approved.

24. The method of claim 23, further comprising:

updating the mobile wallet associated with the mobile device.

25. The method of claim 24, further comprising:

transmitting an updated wallet to the mobile device.

26. A server for managing transactions between a mobile wallet within a mobile device and a mobile store, the server comprising:

means for receiving a transaction request from the mobile store;

means for receiving a customer identifier from the mobile store;

means for retrieving the mobile wallet associated with the mobile device; and

means for retrieving customer account information from the mobile wallet.

27. The server of claim 26, wherein the customer account information includes at least one of the following:

a preferred payment account, a default billing address, and a default shipping address.

28. The server of claim 26, further comprising:

means for receiving transaction information from an account provider, when the transaction is approved.

29. The server of claim 28, further comprising:

means for updating the mobile wallet associated with the mobile device.

30. The server of claim 29, further comprising:

means for transmitting an updated wallet to the mobile device.

31. A server for managing transactions between a mobile wallet within a mobile device and a mobile store, the server comprising:

a processor operable to;

receive a transaction request from the mobile store;

receive a customer identifier from the mobile store;

retrieve the mobile wallet associated with the mobile device; and

retrieve customer account information from the mobile wallet.

32. The server of claim 31, wherein the customer account information includes at least one of the following:

a preferred payment account, a default billing address, and a default shipping address.

33. The server of claim 31, wherein the processor is further operable to:

receive transaction information from an account provider, when the transaction is approved.

34. The server of claim 33, wherein the processor is further operable to:

update the mobile wallet associated with the mobile device.

35. The server of claim 34, wherein the processor is further operable to:

transmit an updated wallet to the mobile device.

36. A computer program product, comprising:

a computer-readable medium, comprising;

at least one instruction for receiving a transaction request from the mobile store;

at least one instruction for receiving a customer identifier from the mobile store;

at least one instruction for retrieving the mobile wallet associated with the mobile device; and

at least one instruction for retrieving customer account information from the mobile wallet.

37. The server of claim 36, wherein the customer account information includes at least one of the following:

a preferred payment account, a default billing address, and a default shipping address.

38. The server of claim 36, wherein the computer-readable medium further comprises:

at least one instruction for receiving transaction information from an account provider, when the transaction is approved.

39. The server of claim 38, wherein the computer-readable medium further comprises:

at least one instruction for updating the mobile wallet associated with the mobile device.

40. The server of claim 39, wherein the computer-readable medium further comprises:

at least one instruction for transmitting an updated wallet to the mobile device.