SYSTEMS AND METHODS FOR SECURE WIRELESS FINANCIAL TRANSACTIONS

• US 20130085941A1
• Filed: 09/30/2011
• Published: 04/04/2013
• Est. Priority Date: 09/30/2008
• Status: Abandoned Application

• Current Assignee: Apple Inc.
• Original Assignee: Apple Inc.
• Inventors: Rosenblatt, Michael, Lin, Gloria, Mayo, Sean A., Nakajima, Taido L.
• Application Number:
  US13/251,097
• Publication Number:
  US 20130085941A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06K 7/1447 extracting optical codes from image or text carrying said optical code
• CPC Class Codes: G06Q 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/18 involving self-service terminals [SST], vending machines, kiosks or multimedia terminals
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-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

Abstract

There are provided systems and methods for conducting secure wireless financial transactions using portable electronic devices. For example, a method of conducting a wireless transaction is provided that includes taking a picture of a first QR code displayed on a transaction terminal using a camera of a portable electronic device. The method also includes sending data from the portable electronic device to the transaction terminal to conduct the financial transaction with the transaction terminal using a near field communication channel or another wireless communication channel, or both. This data is derived from the first QR code to enable the transaction terminal to verify that the portable electronic device is physically located near the transaction terminal.

Claims

1. A method for conducting a financial transaction comprising:

taking a picture of a first code displayed on a transaction terminal using a camera of a portable electronic device; and

sending data from the portable electronic device to the transaction terminal to conduct the financial transaction with the transaction terminal using a near field communication channel or another wireless communication channel, or both, wherein the data is derived from the first code to enable the transaction terminal to verify that the portable electronic device is physically located near the transaction terminal.

2. The method of claim 1, comprising taking a picture of a second code displayed on the transaction terminal using the camera of the portable electronic device and sending data derived from the second code from the portable electronic device to the transaction terminal to conduct the financial transaction with the transaction terminal, wherein the second code replaces the first code displayed on the transaction terminal after a period of time.

3. The method of claim 1, comprising sending a location of the portable electronic device to the transaction terminal to aid the transaction terminal in verifying that the portable electronic device is physically located near the transaction terminal.

4. The method of claim 3, wherein the location of the portable electronic device is determined by the portable electronic device communicating with one or more cellular towers.

21. The method of claim 1, wherein the code comprises a QR code.

5. A method for conducting a financial transaction comprising:

generating a code to be used by the transaction terminal to verify that the portable electronic device is physically located near the transaction terminal;

displaying the code on a display of the transaction terminal;

receiving data from the portable electronic device via a near field communication channel or another wireless communication channel, or both, wherein the data comprises decoded information from the code and indicates to the transaction terminal that the portable electronic device is physically located near the transaction terminal; and

allowing the portable electronic device to conduct the financial transaction with the transaction terminal while the data indicates that the portable electronic device is physically located near the transaction terminal.

6. The method of claim 5, wherein more than one code is generated, the method further comprising intermittently changing the code on the display.

7. The method of claim 5, wherein allowing the portable electronic device to conduct the financial transaction with the transaction terminal using data based on the code comprises comparing the data from the transaction terminal with the generated code.

8. The method of claim 5, wherein allowing the portable electronic device to conduct the financial transaction with the transaction terminal comprises receiving a location of the portable electronic device from the portable electronic device and comparing the location of the portable electronic device with a location of the transaction terminal.

9. A method for authenticating a portable electronic device used in a financial transaction comprising:

initiating short range wireless communication between the portable electronic device and a transaction terminal;

determining a location of the portable electronic device using the portable electronic device;

providing the location of the portable electronic device to the transaction terminal using the short range wireless communication to allow the transaction terminal to compare the location of the portable electronic device with a location of a transaction terminal and authenticate the portable electronic device if the location of the portable electronic device corresponds with the location of the terminal; and

receiving an indication of authentication of the portable electronic device from the transaction terminal using the short range wireless communication to allow the portable electronic device to complete a financial transaction with the transaction terminal.

10. The method of claim 9, wherein a global positioning device determines the location of the portable electronic device.

11. The method of claim 9, wherein determining the location of the portable electronic device comprises using a cellular network.

12. The method of claim 9, wherein determining the location of the portable electronic device comprises using a Wi-Fi network.

13. The method of claim 9, wherein determining the location of the portable electronic device comprises using Bluetooth communication.

14. A method for conducting a financial transaction comprising:

generating a code at a transaction terminal;

displaying the code on a display of the transaction terminal;

receiving a request to conduct the financial transaction, wherein the request comprises a communication derived from the code to enable the transaction terminal to verify that the request was received from a device physically located near the transaction terminal; and

opening a communication channel to complete the financial transaction after the request is received.

15. The method of claim 14, wherein the generated code comprises an encryption key and the request for conducting the financial transaction is encrypted using the encryption key.

16. The method of claim 14, wherein the code comprises a file name.

17. The method of claim 14, wherein the code comprises a QR code.

18. The method of claim 14, wherein opening a communication channel comprises opening a near field communication channel.

19. The method of claim 14, comprising setting up an ad-hoc Wi-Fi network for completion of the financial transaction.

20. The method of claim 14, wherein more than one code is generated, the method comprising changing the code intermittently.