METHOD AND SYSTEM FOR CONDUCTING A MONETARY TRANSACTION USING A MOBILE COMMUNICATION DEVICE
First Claim
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1. A method of facilitating a secure monetary transaction between a payor and a payee, the payor using a mobile device for communicating with the payee over a network, the method comprising:
- receiving a payment request from the payee, the payment request including an amount and information relating to the payor;
obtaining a payor identification, the payor identification corresponding to the mobile device used by the payor;
providing to the payee an authentication of the payor identification based on the received information relating to the payor;
requesting a payment confirmation from the payor;
receiving the requested payment confirmation; and
conducting the monetary transaction.
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Abstract
A method and system for facilitating a secure monetary transaction by using a mobile communication device. In one aspect, the present invention provides a convenient and secure mechanism for conducting a monetary transaction by using OpenID, Open Authorization, and information residing on the SIM token of the mobile device to facilitate the transaction.
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Citations
20 Claims
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1. A method of facilitating a secure monetary transaction between a payor and a payee, the payor using a mobile device for communicating with the payee over a network, the method comprising:
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receiving a payment request from the payee, the payment request including an amount and information relating to the payor; obtaining a payor identification, the payor identification corresponding to the mobile device used by the payor; providing to the payee an authentication of the payor identification based on the received information relating to the payor; requesting a payment confirmation from the payor; receiving the requested payment confirmation; and conducting the monetary transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A server for facilitating a monetary transaction between a payor and a payee, the server in communication with a mobile device used by the payor and with a network accessible by the payee, the server comprising:
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a processor; a transceiver coupled to the processor; and a memory for storing identification information corresponding to the mobile device, the memory coupled to the processor, wherein, the server is configured to receive a payment request from the payee, the payment request including an amount of the monetary transaction and identifying information relating to the payor, and the processor is configured to; use the identification information corresponding to the mobile device to authenticate the identifying information relating to the payor; cause the transceiver to provide an authentication to the payee; cause the transceiver to transmit a first message to the mobile device, the first message including information provided in the payment request and a request for an authorization to pay the requested amount to the payee; receive a second message from the mobile device, the second message including the requested authorization; and conduct the monetary transaction by forwarding the amount of the monetary transaction to the payee. - View Dependent Claims (9, 10, 11, 12, 13)
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14. A mobile device configured for enabling a user of the mobile device to conduct data communications over a network, the mobile device in communication with a server residing on the network, the mobile device comprising:
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a processor; a transceiver coupled to the processor; and a memory for storing identification information corresponding to the mobile device, the memory coupled to the processor, wherein the processor is configured such that, when the user of the mobile device requests a monetary transaction with a payee, the processor causes the transceiver to; receive a first message transmitted from the server, the first message including information relating to the requested monetary transaction, including an amount of the requested monetary transaction, and a request for an authorization to provide a payment of the amount to the payee; transmit a second message to the server providing the requested authorization; and receive a third message confirming a completion of the monetary transaction. - View Dependent Claims (15, 16, 17, 18)
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19. A method of using a mobile device to conduct a secure monetary transaction, comprising:
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receiving a request for identification corresponding to the mobile device; transmitting a response to the request for identification, wherein the response to the request for identification is automatically generated by a Subscriber Identity Module (SIM) token residing in the mobile device; receiving a request for payment confirmation; and transmitting a response to the request for payment confirmation. - View Dependent Claims (20)
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Specification