MULTI FUNCTIONAL DUPLEX ENCRYPTED PROCUREMENT AND PAYMENT SYSTEM AND METHOD

• US 20120330844A1
• Filed: 06/22/2012
• Published: 12/27/2012
• Est. Priority Date: 06/24/2011
• Status: Abandoned Application

• Current Assignee: Lance Kaufman
• Original Assignee: Lance Kaufman
• Inventors: Kaufman, Lance
• Application Number:
  US13/530,888
• Publication Number:
  US 20120330844A1
• Time in Patent Office: Days
• US Class Current: 705/67
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/06 Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/3276 using a pictured code, e.g. barcode or QR-code, being read by the M-device
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/38215 Use of certificates or encrypted proofs of transaction rights

Abstract

A device having a processor, the processor executing program instructions causing the processor to: storing credit card information of an individual in an encrypted format only readable by the processor; function as a credit card terminal by receiving an invoice for payment, wherein the invoice has a merchant key to direct payment to a specified gateway; and transferring funds from the individual to the specified gateway.

Claims

1. A device having a processor, the processor executing program instructions causing the processor to:

storing credit card information of an individual in an encrypted format only readable by the processor;

function as a credit card terminal by receiving an invoice for payment, wherein a merchant key generated by the processor directs payment to a specified gateway; and

transferring funds from the individual to the specified gateway.

31. A device having a processor in accordance with claim 1, wherein the credit card information of the first individual is a tokenized equitant.

2. A device having a processor, the processor executing program instructions causing the processor to:

storing credit card information of a first individual in an encrypted format only readable by the processor;

receiving an invoice for payment by a second individual, wherein the merchant has a payment key generated by the processor to direct payment to a specified gateway; and

transferring funds from the first individual to the specified gateway.

3. A device having a processor in accordance with claim 2, wherein the program instructions further comprises generating the payment key, wherein the payment key is one of a unique time dependent and random key generated for each transaction and issued by the processor and sent to the second individual or a standard encrypted key.

4. A device having a processor in accordance with claim 2, wherein the program instructions further comprises reading credit card information via a card reader attached to the device.

5. A device having a processor in accordance with claim 2, wherein receiving the invoice and transferring funds is done wirelessly.

6. A device having a processor in accordance with claim 2, wherein the program instructions for storing credit card information of an individual in an encrypted format only readable by the processor further comprises selecting an image to set-up a memory safe for storing the credit card information, wherein the image is unalterable.

7. A device having a processor in accordance with claim 6, wherein the program instructions for selecting an image to set-up a memory safe further comprises:

deleting the program instructions, wherein all the credit card information is deleted;

reloading the program instructions;

selecting new image; and

entering the credit card information.

8. A device having a processor in accordance with claim 2, wherein the credit card information is uneditable once entered, and only a limited truncated numbers may be viewed.

9. A device having a processor in accordance with claim 2, wherein the credit card information stored in the encrypted format is stored as one of encrypted data packet or as a token associated with each set of credit card information, each set of credit card information being unviewable other than a truncated number set.

10. A device having a processor in accordance with claim 2, further comprising program instructions to create a secure encrypted exchange communication between the first individual and the second individual.

11. A device having a processor in accordance with claim 2, further comprising program instructions to create a secure encrypted exchange communication between the first individual and the second individual that allows identity, invoice, billing, transaction and receipt history to be exchanged between using the device and a device of the second individual in proximity to each other.

12. A device having a processor in accordance with claim 2, further comprising program instructions to create a secure encrypted exchange communication wirelessly between the first individual and the second individual.

13. A device having a processor in accordance with claim 2, further comprising program instructions to create unique exchange location reference points and reciprocal compass readings or parallel complementary readings between the device of the first individual and the device of the second individual, wherein one of motion or tapping of a screen of the device transfers data from the device to the second device.

14. A device having a processor in accordance with claim 2, further comprising program instructions to:

capture at least one of a marking on a screen or voice by as data information; and

sending the data information along with time and location from the device of the first individual and the device of the second individual for verification.

15. A device having a processor in accordance with claim 2, further comprising program instructions to:

capture at least one of a marking on a screen or voice as data information by the device of the first individual and the device of the second individual; and

sending the data information along with time and location from the device of the first individual and the device of the second individual for verification.

16. A device having a processor in accordance with claim 15, wherein the captured data information activates a specific function of the device.

17. A device having a processor in accordance with claim 15, wherein the captured data information is one of scrambled or encrypted.

18. A device having a processor in accordance with claim 15, wherein verification authorizes a desired transaction.

19. A device having a processor in accordance with claim 2, further comprising program instructions to:

capture at least one of a marking on a screen or voice as data information by the device of the first individual and the device of the second individual; and

sending segments of the data information from the device of the first individual and the device of the second individual, wherein the segment must match for verification.

26. A device having a processor in accordance with claim 2, further comprising program instructions to establishing a location radius, wherein transferring funds and verification is made only within the location radius.

27. A device having a processor in accordance with claim 2, further comprising program instructions to establishing a location radius, wherein advertising from one of a fixed location or a moving vehicle from a company within the location radius is sent to the device.

28. A device having a processor in accordance with claim 2, further comprising program instructions to capture QR code information of a product to be purchased, wherein a price of the product is added to the invoice.

32. A device having a processor in accordance with claim 2, wherein the credit card information of the first individual is a tokenized equitant.

20. A device having a processor, the processor executing program instructions causing the processor to:

create an invoice by a merchant;

transfer selected items entered into an account catalog to a device of a consumer;

sending an invoice to the device of the consumer wirelessly;

adding a desired tip by the consumer on the device of the customer;

select payment method on the device of the customer;

signing the invoice on the device of the customer; and

transfer the invoice back to the merchant.

21. A device having a processor, in accordance with claim 20, further comprising program instructions to read credit card information of the consumer and comparing the credit card information stored for verification.

22. A method for credit card payment comprising:

storing credit card information of a first individual in an encrypted format on a device of the first individual;

sending e-card information related to the credit card to a server prior to giving a second individual the credit card, wherein sending the e-card information opens a payment gateway window; and

authenticating credit card information to allow entry of the consumers shortly to arrive swiped credit card entered or swiped by the merchant.

23. A credit card payment method comprising:

sending an encrypted virtual card to an electronic device of a consumer and a corresponding physical card to a physical location for receipt by the consumer by a credit card issuing company; and

comparing the virtual card and the corresponding physical card, wherein the virtual card and the corresponding physical card must match to complete a transaction.

24. The credit card payment method of claim 23, wherein the encrypted virtual card comprises encrypted data, the encrypted data changed after each transaction, the changed encrypted data resent to the electronic device of the consumer.

25. The credit card payment method of claim 23, wherein the electronic device of the consumer sends a SSL encrypted signal to a server linking the credit card issuing company and after the transaction the credit card is latched and is inoperative until a next transaction.

29. A payment method comprising:

capturing a QRCode from a printed invoice of a merchant;

approving the invoice by a customer;

transfers funds to an account of the merchant via one of an IP or Key address translated from the QR code and or location information; and

sending confirmation of payment and receipt to the customer and merchant.

30. A method for tracking payment comprising:

purchasing electronic tokens, wherein each token has a plurality of identifiers related to a specific device and user;

transferring at least one electronic token during a transaction;

recording transfer of the at least one electronic token and the plurality of identifiers associated with the at least one token on a server; and

debiting and crediting a number of electronic tokens for each party of the transaction.