Secured Transaction System
First Claim
1. A mobile transaction processing agent system, comprising:
- a communication module configured to receive a secured transaction description from a mobile client device or an encrypted transaction description from a point-of-sale (POS) device, wherein the secured transaction description is in the form of a bar code generated by the mobile client device;
an authentication module configured to decode the secured transaction description and verify the secured transaction description is valid based on the mobile client device or the point-of-sale device; and
a transaction processing module configured to process the transaction in accordance with the secured transaction description.
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Accused Products
Abstract
The present invention relates to a secured transaction system. In one embodiment, a mobile transaction processing agent system includes a communication module configured to receive a secured transaction description from a mobile client device or an encrypted transaction description from a point-of-sale (POS) device, wherein the secured transaction description is in the form of a bar code generated by the mobile client device, an authentication module configured to decode the secured transaction description and verify the secured transaction description is valid based on the mobile client device or the point-of-sale device, and a transaction processing module configured to process the transaction in accordance with the secured transaction description.
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Citations
16 Claims
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1. A mobile transaction processing agent system, comprising:
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a communication module configured to receive a secured transaction description from a mobile client device or an encrypted transaction description from a point-of-sale (POS) device, wherein the secured transaction description is in the form of a bar code generated by the mobile client device; an authentication module configured to decode the secured transaction description and verify the secured transaction description is valid based on the mobile client device or the point-of-sale device; and a transaction processing module configured to process the transaction in accordance with the secured transaction description. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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2. The mobile transaction processing agent system of claim I, wherein the one or more mobile client devices comprise:
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a user interface configured to enable a user to select a transaction type and collect a user pin number; a processor configured to generate the 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; anda memory configured to store the transaction record in the mobile client device.
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13. A computer implemented method for processing secured transactions, comprising:
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receiving a payment request, wherein the payment request includes a transaction description; verifying payer account information in association with the payment request; upon verifying the payer account information, processing the payment request; receiving a digital signature from the payer; upon authenticating the transaction with the received digital signature, adjusting the payer account with the transaction amount; and sending a transaction receipt to the payer. - View Dependent Claims (14, 15, 16)
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Specification