PAYMENT SYSTEM AND METHOD
First Claim
Patent Images
1. A mobile device configured to effect a transaction with a transaction terminal involving a user having a payment account with an account number of a predetermined format, the mobile device comprising:
- a transceiver configured to communicate wirelessly with the transaction terminal;
a processing device operatively connected to the transceiver; and
memory operatively connected to the processing device and comprising an applet that, when executed by the processing device, causes the device to;
generate a payment number corresponding to, but different from, the account number, exhibiting the predetermined format to be used as a payment method to effect the transaction with the transaction terminal, wherein the payment number has a limited use;
transmit the payment number to the transaction terminal once the transceiver has established a communication path with the retail device.
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Accused Products
Abstract
A payment system and method employing wireless capability where a wireless-enabled device carried by a purchaser communicates with a wireless-enabled transaction terminal. The two devices communicate with each other to exchange transaction data to effect the transaction and exchange additional information that supports and expands the transaction event.
364 Citations
27 Claims
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1. A mobile device configured to effect a transaction with a transaction terminal involving a user having a payment account with an account number of a predetermined format, the mobile device comprising:
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a transceiver configured to communicate wirelessly with the transaction terminal; a processing device operatively connected to the transceiver; and memory operatively connected to the processing device and comprising an applet that, when executed by the processing device, causes the device to; generate a payment number corresponding to, but different from, the account number, exhibiting the predetermined format to be used as a payment method to effect the transaction with the transaction terminal, wherein the payment number has a limited use; transmit the payment number to the transaction terminal once the transceiver has established a communication path with the retail device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A method for effecting a transaction between a mobile device and a transaction terminal involving a payment account associated with an account number of a predetermined format issued by a financial institution to a user, the method comprising the steps of:
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establishing a communication path between a transceiver of the mobile device and the transaction terminal; generating by the mobile device a payment number corresponding to, but different from, the account number, exhibiting the predetermined format to be used as a payment method to effect the transaction with the transaction terminal, wherein the payment number has a limited use; and transmitting the payment number via the transceiver to the transaction device once the transceiver has established the wireless communication path with the transaction device. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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27. A method for identifying a user of a mobile device to a transaction terminal comprising the steps of:
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establishing a communication path between a transceiver of the mobile device and the transaction terminal; generating by the mobile device an alphanumeric code that both identifies and authenticates the user to the transaction terminal; and transmitting the alphanumeric code via the transceiver to the transaction terminal once the communication path has been established.
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Specification