METHOD AND SYSTEM FOR FINANCIAL CARD TRANSACTION VERIFICATION

• US 20130085887A1
• Filed: 10/07/2011
• Published: 04/04/2013
• Est. Priority Date: 10/03/2011
• Status: Abandoned Application

• Current Assignee: Wei Zhang
• Original Assignee: Wei Zhang
• Inventors: Zhang, Wei
• Application Number:
  US13/269,529
• Publication Number:
  US 20130085887A1
• Time in Patent Office: Days
• US Class Current: 705/26.8
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

The invention is aimed to verify credit card transaction or any transaction using similar payment mechanism through joint effort of cardholder and card issuer. In accordance with the invention, principle of method to verify financial card transaction is to use a mobile communication device (MCD) carried by cardholder to maintain an event record in a record list every time when cardholder starts a payment using a financial card, then, having wireless communication network address of the MCD in account record associated with the financial card, account server of corresponding card issuer notifies the MCD a newly occurred activity regarding to payment transaction upon the account, after that, the MCD searches the record list trying to establish a match between the newly received activity notice and an existing event record that both the event record and the notice have substantially simultaneous occurring time, thus being considered for the same transaction.

Claims

1. A method comprising:

receiving by a mobile communication device a RF signal emitted from a RF identification circuitry in proximity to the mobile communication device, wherein said RF identification circuitry is activated to set forth said RF signal at substantially the same time as a payment transaction is initialized and said RF signal has encoded thereon at least an identification associated with a financial account with which an account information used to initialize the payment transaction is associated;

processing by the mobile communication device said RF signal to obtain said identification;

determining by the mobile communication device the receiving time that said RF signal is received according to internal clock of the device; and

,

generating by the mobile communication device an event record coupled with said identification, wherein said event record at least includes an event time data corresponding to the receiving time.

2. The method in according with claim 1 further comprising the step of:

preserving by the mobile communication device said event record generated in the above step of said generating into a record list.

3. The method in accordance with claim 2 further comprising:

receiving by the mobile communication device an activity notice regarding to a newly occurred account activity associated with a financial account, wherein said activity notice sent by an account server associated with the financial account comprises an account identifier associated with the financial account and an activity time data of the time substantially same as the time that the account activity is initialized; and

,

searching by the mobile communication device the record list for an event record associated with the same financial account as the account identifier to make a match between the event record and said activity notice, wherein said match is made only if the event time data of the event record is substantially the same as the activity time data of said activity notice.

4. The method in accordance with claim 3 further comprising the step of:

notifying the account server by the mobile communication device through wireless communication network searching result of the step of said searching, wherein said searching result indicates whether said match is made or not.

5. The method in accordance with claim 1 further comprising the step, prior to the step of said receiving, of,

setting forth said RF signal by a financial card embodying said RF identification circuitry upon activation signal received from a card reader, on which said card is applied to initialize the payment transaction.

6. The method in accordance with claim 5 wherein said financial card comprises:

said RF identification circuitry; and

,

a light sensor coupled with said RF identification circuitry in such way that said RF identification circuitry is disabled if said light sensor has no light incidence detected thereupon.

7. The method in accordance with claim 6 wherein said financial card further comprises:

a second light sensor coupled with said RF identification circuitry in such way that said RF identification circuitry is disabled if said second light sensor has light incidence detected thereupon.

8. The method in accordance with claim 5 wherein said financial card comprises:

a magnetic strip having stored thereon said account information for using said financial card on the card reader;

said RF identification circuitry; and

,

a loop coil substantially overlapping with said magnetic strip, wherein said loop coil is connected to said RF identification circuitry in order to send an activation signal into said RF identification circuitry;

whereby, in use, said loop coil magnetically coupled with the card reader receives said activation signal from the card reader and passes said activation signal into said RF identification circuitry.

9. The method in accordance with claim 8 wherein said financial card further comprises a light sensor coupled with said RF identification circuitry in such way that said RF identification circuitry is disabled if said light sensor has no light incidence detected thereupon detected and is enabled if said light sensor has light incidence detected thereupon.

10. The method in accordance with claim 1 further comprising the step, prior to the step of said obtaining, of,

setting forth said RF signal by a RF emitter adapter embodying said RF identification circuitry upon control signal received from a computer bus on which said adapter is connected.

11. A method comprising:

capturing by a mobile communication device using its onboard camera an image of a data encoded pattern displayed on a display screen in couple with placing an order, wherein the data encoded pattern has encoded thereon at least an identification associated with a financial account, with which an account information used for payment of the order is associated, and an order transmission time which is substantially the same time as the order is transmitted to an order server;

processing by the mobile communication device said image of said data encoded pattern to obtain the identification and said order transmission time; and

,

generating by the mobile communication device an event record coupled with said identification, said event record at least includes an event time data corresponding to said order transmission time.

12. The method in accordance with claim 11 further comprising the step of:

preserving by the mobile communication device said event record generated in the above step of said generating into a record list.

13. The method in accordance with claim 12 further comprising:

receiving by the mobile communication device an activity notice regarding to a newly occurred account activity associated with a financial account, wherein said activity notice sent by an account server associated with the financial account comprises an account identifier associated with the financial account and an activity time data of the time substantially same as the time that the account activity is initialized; and

,

searching by the mobile communication device the record list for an event record associated with the same financial account as the account identifier to make a match between the event record and said activity notice, wherein said match is made only if the event time data of the event record is substantially the same as the activity time data of said activity notice.

14. The method in accordance with claim 13 further comprising the step of,

notifying the account server by the mobile communication device through wireless communication network searching result of the step of said searching, wherein said searching result indicates whether said match is made or not.

15. The method in accordance with claim 11 further comprising the step, prior to the step of said capturing, of,

generating, by a software application executed by a computer to support placing said order, said data encoded pattern with the order transmission time which is determined by the computer according to its internal clock after the order is transmitted to the order server, and displaying said data encoded pattern on a display screen coupled with the computer by the software application.

16. The method in accordance with claim 11 further comprising the step, prior to the step of said capturing, of,

generating, by a software application executed by a computer to support placing said order, said data encoded pattern with the order transmission time which is a predetermined time scheduled by the software application according to internal clock of the computer to fulfill order transmission, and displaying said data encoded pattern on a display screen coupled with the computer by the software application.

17. The method in accordance with claim 11 further comprising the steps, prior to the step of said capturing, of:

generating, by a software application executed by a computer to support placing said order, said data encoded pattern with the order transmission time which is a predetermined time scheduled by the software application according to internal clock of the computer to fulfill order transmission, and displaying said data encoded pattern on a display screen coupled with the computer by the software application; and

,

displaying, by the software application, a time counting interface on the display screen to indicate an effective time window according to how much time is left in order for the software application to timely transmit the order on said predetermined time.

18. The method in accordance with claim 17 further comprising the step, after the step of said displaying, of,

as soon as permission to place the order is not received by the software application through computer interface within said effective time window, repeating the step of said generating and displaying said data encoded pattern.

19. A method comprising:

displaying, by a software application executed by a computer in use for placing an order with an order server, a computer interface on a display screen coupled with the computer, wherein said computer interface comprises order information of the order and payment information to be used for payment of the order and an interface input device which is used to receive permission to place the order through clicking thereof by a computer pointing device;

receiving permission to place the order from said interface input device by the software application;

transmitting by the software application the order coupled with the payment information to the order server for placing the order; and

,

sending by the software application a control signal to a RF emitter adapter, connected to a bus of the computer, through the bus for said adapter to set forth a predetermined RF signal emitted from a RF identification circuitry embodied by said adapter.

20. The method in accordance with claim 19 wherein said RF emitter adapter comprises:

a bus controller for computer communication interface; and

,

said RF identification circuitry connected to said bus controller;

whereby, in use, said bus controller is connected to the bus of the computer and, upon receiving said control signal, said bus controller activates said RF identification circuitry to emit said predetermined RF signal.