SYSTEM AND DEVICE FOR CONSOLIDATING SIM, PERSONAL TOKEN, AND ASSOCIATED APPLICATIONS FOR SECURE TRANSMISSION OF SENSITIVE DATA
First Claim
1. A smart card device for facilitating transactions based on a plurality of transaction instruments, said smart card device comprising:
- a memory element for storing a transaction instrument profile and at least one of;
a network profile or an identity profile;
an encryption element for encrypting a transaction account identifier using a first key to create an encrypted account identifier, wherein said transaction account identifier is retrieved from said transaction instrument profile;
a processor element in communication with said memory element and said interface element, wherein said processor element is configured to receive said encrypted account identifier and at least one of;
said network profile or said identity profile;
establish a connection between said communication device and a computing system by way of said wireless network, wherein said computing system decrypts said encrypted account identifier using a second key corresponding to said first key to create a decrypted account identifier and, wherein said computing system sends said decrypted account identifier to a transaction processor.
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Accused Products
Abstract
The present invention relates generally to a smart card device that is configured to facilitate wireless network access and credential verification. Specifically, the device is configured to meet the physical and electrical specification for commercially available mobile devices utilizing a standard Subscriber Identity Module (SIM) for network access. The device combines the features of the SIM with Common Access Card or Personal Identity Verification card features to allow a network subscriber to invoke secure payment transactions over a carrier'"'"'s network. The system includes data storage for maintaining a plurality of network and transaction instrument profiles and a profile gateway for receiving transaction information from a payment gateway, sending an authorization request to a user'"'"'s mobile device, receiving a transaction authorization from the mobile device, and sending transaction information to a payment gateway to finalize the payment transaction.
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Citations
7 Claims
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1. A smart card device for facilitating transactions based on a plurality of transaction instruments, said smart card device comprising:
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a memory element for storing a transaction instrument profile and at least one of;
a network profile or an identity profile;an encryption element for encrypting a transaction account identifier using a first key to create an encrypted account identifier, wherein said transaction account identifier is retrieved from said transaction instrument profile; a processor element in communication with said memory element and said interface element, wherein said processor element is configured to receive said encrypted account identifier and at least one of;
said network profile or said identity profile;
establish a connection between said communication device and a computing system by way of said wireless network, wherein said computing system decrypts said encrypted account identifier using a second key corresponding to said first key to create a decrypted account identifier and, wherein said computing system sends said decrypted account identifier to a transaction processor. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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Specification