SYSTEM AND DEVICE FOR FACILITATING A TRANSACTION THROUGH USE OF A PROXY ACCOUNT CODE

• US 20110246317A1
• Filed: 12/30/2010
• Published: 10/06/2011
• Est. Priority Date: 10/23/2009
• Status: Abandoned Application

• Current Assignee: Apriva, LLC (APPSware Holdings, Inc.)
• Original Assignee: Apriva, LLC (APPSware Holdings, Inc.)
• Inventors: Coppinger, Paul D.
• Application Number:
  US12/982,228
• Publication Number:
  US 20110246317A1
• Time in Patent Office: Days
• US Class Current: 705/17
• 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 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/3229 Use of the SIM of a M-device as secure element
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• 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: H04L 63/0853 using an additional device, e.g. smartcard, SIM or a different communication terminal cryptographic mechanisms or cryptographic arrangements for entity authentication involving additional secure or trusted devices H04L9/3234
• CPC Class Codes: H04L 67/306 User profiles

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.

Claims

1. A device for facilitating a financial transaction by way of a proxy account code, wherein said proxy account code corresponds to a transaction account, said device comprising:

a memory element for storing a transaction instrument profile;

a processor element in communication with said memory element, wherein said processor element is configured to receive a selection of said proxy account code;

receive an identifier code based on a user entry of said identifier code;

establish a connection between said device and a first computing system, wherein said first computing system retrieves an actual account code corresponding to said proxy account code and said identifier code and, wherein said computing system transmits said actual account code to a second computing system.

2. The device of claim 1, wherein said identifier code is a Personal Identification Number (PIN).

3. The device of claim 1, wherein said first computing system is at least one of:

a Point of Sale (POS) device or a profile gateway.

4. The device of claim 1, wherein said second computing system is a transaction processing gateway.

5. The device of claim 1, wherein said first computing system authenticates said proxy account code and said identifier code.

6. The device of claim 1, wherein said proxy account code corresponds to a plurality of transaction account codes.

7. The device of claim 1, wherein said memory element includes at least one of:

a network profile or an identity profile.

8. The smart card device of claim 7, wherein said a network profile includes at least one of:

a network identifier or a subscriber identifier.

9. The device of claim 7, wherein said connection between said device and said first computing system is by way of a wireless network.

10. The device of claim 9, wherein selection of said wireless network is based on said network profile.

11. The device of claim 7, wherein said identity profile includes at least one of:

a user identifier and a verification credential.

12. The device of claim 1, wherein said transaction instrument identifier includes at least one of:

a user identifier, a verification identifier, or an account identifier.

13. The device of claim 1, further comprising:

a receiving element for receiving an authorization request from said first computing system, wherein said receiving element receives said authorization request by way of a said wireless network; and

an interface element for presenting a credential prompt, wherein said credential prompt is in response to said receiving said authorization request.