SECURE MOBILE PAYMENT SYSTEM

• US 20130013508A1
• Filed: 05/29/2012
• Published: 01/10/2013
• Est. Priority Date: 06/25/2007
• Status: Active Grant

• Current Assignee: Mark Carlson
• Original Assignee: Mark Carlson
• Inventors: Carlson, Mark
• Granted Patent: US 10,043,178 B2
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

The present invention provides a method for conducting a transaction that includes receiving a pseudo account identifier that corresponds to a primary account identifier. The pseudo account identifier may be received at a portable wireless device and may be generated by a remote server computer. The portable wireless device can receive the pseudo account identifier over a first network and provide the pseudo account identifier to an access device. The access devices generally comprises a reader that can receive the pseudo account identifier, and thereafter send a message to request authorization of a transaction. The authorization request message may include the pseudo account identifier and is sent to a payment processing network. The authorization request message is sent to the payment processing network over a second network. The payment processing network may then process the authorization message and return a response that indicates if the transaction is authorized or not.

Claims

1-24. -24. (canceled)

25. A method of conducting a transaction comprising:

receiving a selection of an account from a consumer;

sending a request for and receiving a pseudo account identifier that corresponds to the consumer'"'"'s account identifier associated with the selected account at a portable wireless device over a first network, wherein generation of the pseudo account identifier by a remote server computer and retrieval of the pseudo account identifier by the portable wireless device is transparent to the consumer; and

providing the pseudo account identifier to an access device comprising a reader, wherein the access device thereafter sends an authorization request message comprising the pseudo account identifier to a payment processing network over a second network, wherein the payment processing network converts the pseudo account identifier in the authorization request message back to the consumer'"'"'s account identifier, and wherein the access device thereafter receives an authorization response message, and wherein the authorization response message indicates if the transaction is approved or not approved.

26. The method of claim 25 wherein the authorization response message is printed on a receipt that is generated by the access device, and the consumer receives the authorization response message by receiving the receipt.

27. The method of claim 25 wherein the authorization response message is sent to the consumer over the first network.

28. The method of claim 25 wherein the first network is a communications network and the second network is a transaction processing network.

29. The method of claim 25 wherein the account identifier is a primary account number and wherein the pseudo account identifier is a pseudo account number.

30. The method of claim 25 wherein the pseudo account identifier is an alphanumeric sequence related to the account identifier.

31. The method of claim 25 wherein the access device comprises a contactless reader.

32. The method of claim 25 wherein the payment processing network forwards the authorization request message to an issuer of the selected account and wherein the issuer thereafter sends an authorization response message.

33. The method of claim 25 wherein the pseudo account identifier expires after a predetermined number of transactions.

34. A portable wireless device for performing proximity transactions comprising:

a long range communication element;

a short range communication element;

a processor coupled to the long range communication element and the short range communication element;

a memory coupled to the processor, the memory comprising computer code for performing a method, the method comprising;

receiving a selection of an account from a consumer;

sending a request for and receiving a pseudo account identifier that corresponds to a consumer'"'"'s account identifier associated with the selected account at the portable wireless device over a first network using the long range communication element, wherein generation of the pseudo account identifier by a remote server computer and retrieval of the pseudo account identifier by the portable wireless device is transparent to the consumer; and

providing the pseudo account identifier to an access device comprising a reader using the short range communication element, wherein the access device thereafter sends an authorization request message comprising the pseudo account identifier to a payment processing network over a second network, wherein the payment processing network converts the pseudo account identifier in the authorization request message back to the consumer'"'"'s account identifier, wherein the access device thereafter receives an authorization response message, and wherein the authorization response message indicates if the transaction is approved or not approved.

35. The portable wireless device of claim 34 further comprising a user interface module, wherein the user interface module allows the user to select one of the at least one primary account identifiers.

36. The portable wireless device of claim 34 wherein the memory coupled to the processor further comprises computer code for enabling and disabling the device.

37. The portable wireless device of claim 34 wherein the memory coupled to the processor further comprises computer code for selecting a primary account identifier to be used for a transaction.

38. A method comprising:

receiving a request for a pseudo account identifier corresponding to a consumer'"'"'s account identifier, wherein the request is received over a first network, wherein the request for the pseudo account identifier is generated by a portable wireless device in response to a selection by a consumer of an account associated with the consumer'"'"'s account identifier;

generating, by a remote server computer, a pseudo account identifier corresponding to the consumer'"'"'s account identifier;

sending the generated pseudo account identifier to the portable wireless device over the first network, wherein the portable wireless device is thereafter capable of performing one or more transactions by providing the pseudo account identifier to an access device, and wherein generation of the pseudo account identifier by the remote server computer and retrieval of the pseudo account identifier by the portable wireless device is transparent to the consumer;

receiving an authorization request message comprising the pseudo account identifier over a second network;

converting the pseudo account identifier in the authorization request message to the consumer'"'"'s account identifier;

receiving an authorization response message; and

forwarding the authorization response message to the access device.

39. The method of claim 38 further comprising storing the generated pseudo account identifier and its corresponding first account identifier.

40. A server computer comprising:

a processor;

a computer readable medium coupled to the processor, the computer readable medium comprising computer code for performing a method, the method comprising;

receiving a request for a pseudo account identifier corresponding to a consumer'"'"'s account identifier, wherein the request is received over a first network, and wherein the request for the pseudo account identifier is generated by a portable wireless device in response to a selection by a consumer of an account associated with the consumer'"'"'s account identifier;

generating a pseudo account identifier corresponding to the first account identifier;

sending the generated pseudo account identifier to the portable wireless device over the first network, wherein the portable wireless device is thereafter capable of performing one or more transactions by providing the pseudo account identifier to an access device, and wherein generation of the pseudo account identifier by the server computer and retrieval of the pseudo account identifier by the portable wireless device is transparent to the consumer;

receiving an authorization request message comprising the pseudo account identifier over a second network;

converting the pseudo account identifier in the authorization request message to the consumer'"'"'s account identifier;

receiving an authorization response message; and

forwarding the authorization response message to the access device.

41. The method of claim 40 further comprising storing the generated pseudo account identifier and its corresponding first account identifier.

42. A method comprising:

receiving, by an access device, a pseudo account identifier from a portable wireless device, wherein the pseudo account identifier corresponds to a consumer'"'"'s account identifier, wherein the pseudo account identifier was previously generated in response to a selection of an account associated with the consumer'"'"'s account identifier, and wherein generation of the pseudo account identifier by a remote server computer and retrieval of the pseudo account identifier by the portable wireless device is transparent to a consumer;

sending, by the access device, a transaction authorization request comprising the pseudo account identifier to a payment processing network, wherein the pseudo account identifier is thereafter converted to the consumer'"'"'s account identifier, and wherein the transaction authorization request is processed to approve or deny the transaction; and

receiving, by the access device, an authorization response message via the payment processing network, wherein the authorization response message indicates if the transaction is approved or not approved.

43. The method of claim 42 further comprising printing a receipt that indicates if the transaction is approved or not approved.

44. The method of claim 42 wherein the pseudo account identifier is received by the access device comprising a contactless reader.