MOBILE TRANSACTIONS USING AUTHORIZED TOKENS

• US 20140025581A1
• Filed: 07/19/2012
• Published: 01/23/2014
• Est. Priority Date: 07/19/2012
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Calman, Matthew A.
• Application Number:
  US13/553,511
• Publication Number:
  US 20140025581A1
• Time in Patent Office: Days
• US Class Current: 705/65
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3255 using mobile network messaging services for payment, e.g. SMS
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/38215 Use of certificates or encrypted proofs of transaction rights
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes

Abstract

Conducting mobile transactions comprises determining, using a processor, whether a network is available to facilitate a mobile transaction. An interface, communicatively coupled to the processor, receives an encrypted token from a mobile device without using the network if the network is not available. The processor is further operable to process the encrypted token to complete the mobile transaction.

Claims

1. An apparatus, comprising:

a processor operable to determine whether a network is available to facilitate a mobile transaction; and

an interface communicatively coupled to the processor, the interface operable to directly communicate with a mobile device, without using the network if the network is not available, to receive an encrypted token from the mobile device, the encrypted token being a preauthorized token received from an issuer to conduct a mobile transaction at a selected one of a plurality of merchant terminals and stored on the mobile device before the mobile transaction begins, wherein the processor is further operable to process the encrypted token to complete the mobile transaction and deduct an amount from the encrypted token at the time of the mobile transaction.

2. The apparatus of claim 1, wherein the network comprises a mobile gateway.

3. The apparatus of claim 1, wherein the interface is further operable to receive the encrypted token using a selected one of the following:

Short Message Service, Near Field Communications, Bluetooth®

, Wireless Fidelity, a Quick Response code, infrared, and a bar code.

4. The apparatus of claim 1, wherein the processor is further operable to:

access decryption information associated with the encrypted token; and

decrypt the encrypted token using the decryption information.

5. The apparatus of claim 1, wherein the decryption information comprises at least one of the following:

a digital certificate;

a mobile identifier;

a user identifier; and

biometric information associated with a user.

6. The apparatus of claim 1, wherein the processor is further operable to:

determine whether the encrypted token has additional restrictions; and

if the encrypted token has additional restrictions, determine whether the additional restrictions are satisfied.

7. The apparatus of claim 6, wherein the additional restrictions comprise at least one of the following:

a time limit in which to use the encrypted token; and

a geographic limit in which to use the encrypted token.

8. The apparatus of claim 1, wherein the processor is further operable to:

determine an amount associated with the encrypted token; and

determine whether the amount satisfies the mobile transaction.

9. The apparatus of claim 1, wherein the processor is further operable to:

determine whether the network has been restored; and

reconcile the mobile transaction with a transaction module over the network if the network has been restored.

10. The apparatus of claim 9, wherein the processor is further operable to hold the mobile transaction for reconciliation upon determination that the network has been restored.

11. A method, comprising:

determining, by a processor, whether a network is available to facilitate a mobile transaction; and

directly communicating with a mobile device, without using the network if the network is not available, to receive an encrypted token from the mobile device, the encrypted token being a preauthorized token received from an issuer to conduct a mobile transaction at a selected one of a plurality of merchant terminals and stored on the mobile device before the mobile transaction begins, wherein the encrypted token is used to complete the mobile transaction and an amount is deducted from the encrypted token at the time of the mobile transaction.

12. The method of claim 11, wherein the network comprises a mobile gateway.

13. The method of claim 11, wherein receiving the encrypted token comprises receiving the encrypted token using a selected one of the following:

Short Message Service, Near Field Communications, Bluetooth®

, Wireless Fidelity, a Quick Response code, infrared, and a bar code.

14. The method of claim 11, further comprising:

accessing decryption information associated with the encrypted token; and

decrypting the encrypted token using the decryption information.

15. The method of claim 11, wherein the decryption information comprises at least one of the following:

a digital certificate;

a mobile identifier;

a user identifier; and

biometric information associated with a user.

16. The method of claim 11, further comprising:

determining whether the encrypted token has additional restrictions; and

if the encrypted token has additional restrictions, determining whether the additional restrictions are satisfied.

17. The method of claim 16, wherein the additional restrictions comprise at least one of the following:

a time limit in which to use the ecrypted token; and

a geographic limit in which to use the encrypted token.

18. The method of claim 11, further comprising:

determining an amount associated with the encrypted token; and

determining whether the amount satisfies the mobile transaction.

19. The method of claim 11, further comprising:

determining whether the network has been restored; and

reconciling the mobile transaction with a transaction module over the network if the network has been restored.

20. The method of claim 19, further comprising holding the mobile transaction for reconciliation upon determination that the network has been restored.