Third Party Integrated Security System

• US 20120109818A1
• Filed: 09/20/2011
• Published: 05/03/2012
• Est. Priority Date: 09/21/2010
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Carlson, Mark, Hammad, Ayman
• Granted Patent: US 9,953,309 B2
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/325 using wireless networks
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G06Q 20/3672 initialising or reloading thereof

Abstract

A third party payment system is provided which allows a user to conduct transactions through payment accounts stored on the third party payment system. The user can enroll in the third party payment system and create an account with registered payment accounts. The user can access the payment accounts via a mobile device and load the payment data associated with a payment account to the mobile device. The user can then utilize the mobile device to provide payment during a transaction.

Claims

1. A method for utilizing payment data stored on a third party payment system, the method comprising:

accessing a user account with a mobile device through a first communication channel, wherein the account is stored on a third party payment system;

providing, by the mobile device, information associated with the user account, wherein the information includes at least one payment account registered with the account;

selecting a first payment account registered with the user account;

loading payment data associated with the first payment account onto the mobile device; and

transmitting the loaded payment data through a second communication channel to conduct a transaction.

2. The method of claim 1, further comprising:

creating a user account on the third party payment system; and

registering at least one payment account with the user account;

3. The method of claim 1, further comprising:

downloading the payment data onto the mobile device; and

storing the payment data in a memory element of the mobile device.

4. The method of claim 3, wherein the payment data decays after a predefined time period.

5. The method of claim 3, further comprising deleting the payment data from the mobile device in response to a user input.

6. The method of claim 5, wherein the input includes discontinuing access to the user account on the mobile device.

7. The method of claim 3, further comprising encrypting the payment data prior to storing the payment data in the memory element.

8. The method of claim 1, wherein the user is assigned an alias associated with the user account.

9. The method of claim 8, wherein the payment data includes the alias.

10. The method of claim 9, further comprising conducting a transaction with the alias, wherein the alias is utilized to access the payment data associated with the first payment account on the third party payment system.

11. The method of claim 1, wherein the user maintains access to the user account during the transaction.

12. A mobile device comprising:

an antenna coupled to a communication interface for wirelessly transmitting data across a first communication channel;

an input element; and

a processor coupled to a computer readable medium, the computer readable medium comprising code executable by a processor for implementing a method comprising;

accessing a user account with a mobile device through a first communication channel, wherein the user account is stored on a third party payment system;

receiving a selection of a first payment account through the input element of the mobile device, wherein the first payment account is registered with the user account on the third party payment system; and

loading payment data associated with the first payment account onto the mobile device; and

wherein the antenna, the communication interface and the input element are coupled to the processor.

13. The computer readable medium of claim 12, wherein the method further comprises storing the payment data in a memory element of the mobile device.

14. The computer readable medium of claim 13, wherein the payment data decays from the memory element of the mobile device after a predetermined time.

15. The computer readable medium of claim 12, wherein the method further comprises transmitting the payment data through a second communication channel to complete a transaction.

16. The computer readable medium of claim 15, wherein the method further comprises maintaining access to the user account through the first communication channel during the transaction.

17. The computer readable medium of claim 12, wherein the method further comprises:

creating a user account on a third party payment system, wherein a user of the user account is assigned an alias associated with the user account; and

registering payment data for at least one payment account associated with the user account.

18. A method for conducting a transaction through a third party payment system, the method comprising:

accessing a user account registered on the third party payment system through a first communication channel, wherein access is granted through at least one security feature associated with the account;

receiving a selection of a payment account registered with the user account; and

sending payment data associated with the payment account to a mobile device.

19. The method of claim 18, wherein the payment data includes an alias associated with the user account.

20. The method of claim 18, wherein the at least one security feature includes an account password.

21. The method of claim 18, wherein access to the user account is maintained through the first communication channel during the transaction.

22. The method of claim 18, further comprising encrypting the payment data prior to sending the payment data to the mobile device.

23. A server computer having a computer readable medium comprising code executable by a processor for implementing a method comprising:

receiving, on a communication interface, information associated with a user through a first communication channel from a mobile device;

accessing, on a database coupled to the server computer, a user account associated with the information, wherein the user account is stored in a memory element coupled to the server computer;

retrieving, from the database, payment data associated with a payment account registered with the account, wherein the retrieval is based on a selection received through the first communication channel from the mobile device; and

sending, through the communication interface, the payment data associated with the selected payment account to the mobile device, wherein the payment data is loaded onto the mobile device in order to conduct a transaction.