FINANCIAL TRANSACTION SYSTEM

• US 20110016053A1
• Filed: 09/24/2010
• Published: 01/20/2011
• Est. Priority Date: 09/30/2005
• Status: Active Grant

• Current Assignee: Advanced Silicon Technologies LLC
• Original Assignee: Advanced Micro Devices, Inc.
• Inventors: Dittmer, Charles H.
• Granted Patent: US 8,387,859 B2
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• 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 20/40145 Biometric identity checks
• CPC Class Codes: G07F 7/088 the card reader being part of the point of sale [POS] terminal or electronic cash register [ECR] itself

Abstract

A system and method for conducting a financial transaction is disclosed. The system includes a first memory location embedded in a personal portable device. The first memory location stores a plurality of personal financial data files associated with a user. The system also includes a second memory location to store biometric information and a first input interface to receive authentication information after initiation of a purchase transaction session. The system also includes a security module including an input coupled to the first interface to authenticate the authentication information based on the biometric information and an output interface comprising an input coupled to the first memory location and an output to provide personal financial data file information to a host device.

Claims

1. A method, comprising:

initiating at a host a purchase transaction session with a personal portable device;

receiving at the host, in response to initiating the purchase transaction, information identifying a data file stored at the personal portable device, wherein the data file is associated with a corresponding financial account of a first person, the data file comprising an account record;

in response to receiving the information identifying the data file, requesting the account record from the portable device; and

receiving at the host the account record.

2. The method of claim 1, further comprising requesting security information from the personal portable device.

3. The method of claim 1, further comprising:

detecting a wireless protocol supported by the personal portable device, and wherein receiving information identifying the data file comprises receiving the information wirelessly according to the wireless protocol.

4. The method of claim 1, further comprising:

detecting the presence of the personal portable device.

5. The method of claim 4 wherein detecting the presence of the personal portable device comprises sending an activation signal to the personal portable device to transition the personal portable device from a low power mode to an active mode.

6. The method of claim 1, wherein the financial account is a credit card account, and the account record comprises a credit card number.

7. The method of claim 1, further comprising providing biometric information associated with the first person to the personal portable device.

8. The method of claim 1, further comprising:

receiving at the host a record update request to be transmitted to the personal portable device based on the account record; and

transmitting from the host the record update request to the personal portable device.

9. The method of claim 1, further comprising:

transmitting from the host a signal to the personal portable device terminating the purchase transaction session.

10. A method comprising:

receiving at a personal portable device a start signal to initiate a purchase transaction session, the start signal received from a host device;

in response to the start signal, transmitting from the personal portable device information identifying a data file associated with the first person from the personal portable device, wherein the data file is associated with a corresponding financial account of the first person, the data file comprising an account record;

receiving at the personal portable device a request for the account record from the host device; and

in response to the request, transmitting from the personal portable device the account record to the host.

11. The method of claim 10, wherein the account record is encrypted.

12. The method of claim 10, wherein transmitting the information identifying the data file comprises transmitting the information identifying the data file in response to authenticating security information.

13. The method of claim 10, further comprising:

transitioning the personal portable device from a low power state to a normal power state in response to receiving the start signal.

14. The method of claim 10, further comprising:

authenticating the account record based on security information.

15. The method of claim 14, wherein the security information comprises a password.

16. The method of claim 10, wherein the financial account is a credit card account and the account record comprises a credit card number.

17. A system comprising:

a first memory location embedded in a personal portable device, the first memory location to store a personal financial data file associated with a user, the personal financial data file associated with a corresponding financial account;

an input interface to receive authentication information in response to initiation of a purchase transaction session;

a security module including an input coupled to the input interface to authenticate the authentication information; and

an output interface comprising an input coupled to the first memory location and an output to provide information identifying the personal financial data file to a host device in response to the security module authenticating the authentication information.

18. The system of claim 17, wherein the input interface and the output interface are wireless interfaces.

19. The system of claim 17, wherein the input interface includes a biometric interface to provide the authentication information.

20. The system of claim 17, wherein the input interface is further configured to receive a request for one or more account records associated with the personal financial data file from the host device, and the output interface is configured to transmit from the portable device the one or more account records to the host device in response to the request.