System and Method for a Secure Transaction

• US 20100133336A1
• Filed: 12/02/2008
• Published: 06/03/2010
• Est. Priority Date: 12/02/2008
• Status: Abandoned Application

• Current Assignee: Symbol Technologies, Inc. (Zebra Technologies Corporation)
• Original Assignee: Symbol Technologies, Inc. (Zebra Technologies Corporation)
• Inventors: BAILEY, Michael
• Application Number:
  US12/326,447
• Publication Number:
  US 20100133336A1
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/353 Payments by cards read by M-devices
• CPC Class Codes: G06Q 20/4097 using mutual authentication between devices and transaction partners
• 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 and method is used to secure a transaction. The system comprises a data card and a payment receiving device. The data card stores confidential data related to the secure transaction. The payment receiving device receives the confidential data. A first credibility relating to the payment receiving device is verified. Upon the first credibility being verified, a second credibility relating to the data card is verified.

Claims

1. A system, comprising:

a data card storing confidential data related to a secure transaction; and

a payment receiving device receiving the confidential data,

wherein a first credibility relating to the payment receiving device is verified, and

wherein, upon the first credibility being verified, a second credibility relating to the data card is verified.

2. The system of claim 1, wherein the second credibility is a buyer'"'"'s credentials.

3. The system of claim 1, wherein the first credibility is a determination of whether the payment receiving device is authenticated to receive the confidential data.

4. The system of claim 1, wherein the data card is one of a credit card, a debit card, an integrated circuit card, and a near field communications device.

5. The system of claim 4, wherein the payment receiving device includes a data acquisition device.

6. The system of claim 5, wherein the data acquisition device is one of a magnetic stripe reader and a transceiver.

7. The system of claim 6, wherein the magnetic stripe reader is deactivated until the second credibility is verified.

8. The system of claim 6, wherein the integrated circuit card terminates a communication with the payment receiving device when the first credibility is not verified.

9. The system of claim 1, wherein the first credibility is verified upon receiving a key from an authorized source.

10. The system of claim 1, wherein an alert is provided to indicate whether the first credibility has been verified.

11. A method, comprising:

determining a first credibility of a payment receiving device; and

receiving, by the payment receiving device, confidential data stored in a data card to verify a second credibility only upon the first credibility being verified, the second credibility relating to the data card.

12. The method of claim 11, wherein the first credibility is a determination of whether the payment receiving device is authenticated to receive the confidential data.

13. The method of claim 11, wherein the first credibility is a buyer'"'"'s credentials.

14. The method of claim 11, wherein the data card is one of a credit card, a debit card, an integrated circuit card, and a near field communications device.

15. The method of claim 14, wherein the payment receiving device includes a data acquisition device.

16. The method of claim 15, wherein the data acquisition device is one of a magnetic stripe reader and a transceiver.

17. The method of claim 16, further comprising:

deactivating the magnetic stripe reader until the first credibility is verified.

18. The method of claim 16, further comprising:

terminating a communication between the integrated circuit card and the payment receiving device when the second credibility is not verified.

19. The method of claim 11, wherein the second credibility is verified upon receiving a key from an authorized source.

20. A system, comprising:

a storage means for storing confidential data related to a secure transaction; and

a processing means for receiving the confidential data,

wherein a first credibility relating to the processing means is verified, and

wherein, upon the first credibility being verified, a second credibility relating to the storage means is verified.