Secured Mobile Transaction Device

• US 20110191161A1
• Filed: 01/31/2011
• Published: 08/04/2011
• Est. Priority Date: 02/02/2010
• Status: Abandoned Application

• Current Assignee: Xia Dai
• Original Assignee: Xia Dai
• Inventors: DAI, Xia
• Application Number:
  US13/018,398
• Publication Number:
  US 20110191161A1
• Time in Patent Office: Days
• US Class Current: 705/14.38
• 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 20/3274 using a pictured code, e.g. barcode or QR-code, being displayed on the M-device
• 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 30/0238 at point-of-sale [POS]
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

The present invention relates to a secured transaction system. In one embodiment, a mobile client device includes a user interface configured to enable a user to select a transaction type and collect a user pin number, a processor configured to generate a secured transaction description using the transaction type and the user pin number, wherein the secured transaction description includes issuer ID, account ID, merchant ID, password, transaction amount, and transaction time stamp, and the processor is further configured to transmit the secured transaction description to a mobile processing agent for processing, and receive a transaction record from the mobile transaction processing agent, and a memory configured to store the transaction record in the mobile client device.

Claims

1. A computer implemented method for generating a transaction from a mobile client device, comprising:

selecting a transaction type;

collecting a user pin number;

generating a secured transaction description dynamically using the transaction type and the user pin number, wherein the secured transaction description includes issuer ID, account ID, merchant ID, password, transaction amount, and transaction time stamp; and

transmitting the secured transaction description to a mobile transaction processing agent for processing.

2. The computer implemented method of claim 1, wherein the transaction type includes at least a mobile cash or mobile check transaction.

3. The computer implemented method of claim 1, wherein the secured transaction description is presented as at least one of one dimensional bar code or a two dimensional bar code.

4. The computer implemented method of claim 1, wherein the secured transaction description further comprises:

a point-of-sale (POS) GPS location of the mobile client device.

5. The computer implemented method of claim 1 further comprising:

receiving a transaction record from the mobile transaction processing agent, wherein transactions in the transaction record includes corresponding point-of-sale GPS locations of the mobile client device, and

storing the transaction record in the mobile client device.

6. The computer implemented method of claim 5, further comprising:

verifying validity of the transactions using the corresponding point-of-sale GPS locations of the mobile device;

identifying fraudulent activities according to discrepancy between transaction location and actual GPS location of the mobile client device; and

reporting fraudulent activities to a user of the mobile client device.

7. The computer implemented method of claim 6, wherein verifying validity of the transactions comprises:

examining a group of transactions within a time period; and

displaying a map with markings of locations of the group of transactions.

8. The computer implemented method of claim 6, wherein verifying validity of transactions further comprises:

displaying location of a transaction on a map using the POS GPS location of the transaction record; and

displaying a photo of a business where the transaction occurred.

9. The computer implemented method of claim 6, wherein reporting fraudulent activities comprises:

generating at least one of instant message, email, ringtone, or vibration to notify the user of the mobile client device.

10. The computer implemented method of claim 1, further comprising:

receiving one or more electronic coupons (E-coupons) via at least one of email, mobile web, SMS, or synchronization with a computer;

storing the one or more E-coupons in a memory; and

using the one or more E-coupons in a purchase using the mobile client device.

11. The computer implemented method of claim 10, wherein the one or more E-coupons comprises an identification field, wherein the identification field includes at least a one-dimensional bar code or a two-dimensional bar code.

12. The computer implemented method of claim 10, wherein using the one or more E-coupons comprises:

comparing the purchase with the one or more E-coupons stored in the mobile client device;

identifying an E-coupon that matches to the purchase; and

applying the E-coupon to the purchase in a mobile web transaction flow.

13. A mobile client device, comprising:

a user interface configured to enable a user to select a transaction type and collect a user pin number;

a processor configured to generate a secured transaction description using the transaction type and the user pin number, wherein the secured transaction description includes issuer ID account ID, merchant ID, password, transaction amount, and transaction time stamp;

the processor is further configured to transmit the secured transaction description to a mobile processing agent for processing, and receive a transaction record from the mobile transaction processing agent; and

a memory configured to store the transaction record in the mobile client device.

14. The mobile client device of claim 13, wherein the transaction type includes at least a mobile cash or mobile check transaction.

15. The mobile client device of claim 13, wherein the secured transaction description is presented as at least one of one dimensional bar code or a two dimensional bar code.

16. The mobile client device of claim 13, wherein the secured transaction description further comprises:

a point-of-sale (POS) GPS location of the mobile client device.

17. The mobile client device of claim 13 further comprising:

logic for receiving a transaction record from the mobile transaction processing agent, wherein transactions in the transaction record includes corresponding point-of-sale GPS locations of the mobile client device, and

logic for storing the transaction record in the mobile client device.

18. The mobile client device of claim 17, further comprising:

logic for verifying validity of the transactions using the corresponding point-of-sale GPS locations of the mobile device;

logic for identifying fraudulent activities according to discrepancy between transaction location and actual GPS location of the mobile client device; and

logic for reporting fraudulent activities to a user of the mobile client device.

19. The mobile client device of claim 18, wherein logic for verifying validity of the transactions comprises:

logic for examining a group of transactions within a time period; and

logic for displaying a map with markings of locations of the group of transactions.

20. The mobile client device of claim 18, wherein logic for verifying validity of transactions further comprises:

logic for displaying location of a transaction on a map using the POS GPS location of the transaction record; and

logic for displaying a photo of a business where the transaction occurred.

21. The mobile client device of claim 18, wherein logic for reporting fraudulent activities comprises:

logic for generating at least one of instant message, email, ringtone, or vibration to notify the user of the mobile client device.

22. The mobile client device of claim 13, further comprising:

logic for receiving one or more electronic coupons (E-coupons) via at least one of email, mobile web, SMS, or synchronization with a computer;

logic for storing the one or more E-coupons in a memory; and

logic for using the one or more E-coupons in a purchase using the mobile client device.

23. The mobile client device of claim 22, wherein the one or more E-coupons comprises an identification field, wherein the identification field includes at least a one-dimensional bar code or a two-dimensional bar code.

24. The mobile client device of claim 22, wherein logic for using the one or more E-coupons comprises:

logic for comparing the purchase with the one or more E-coupons stored in the mobile client device;

logic for identifying an E-coupon that matches to the purchase; and

logic for applying the E-coupon to the purchase in a mobile web transaction flow.