METHODS FOR RISK MANAGEMENT IN PAYMENT-ENABLED MOBILE DEVICE
First Claim
1. A method comprising:
- receiving, by a payment-enabled mobile device during a first tap of the mobile device on a proximity reader component of a point of sale (POS) terminal, first transaction context data for a current transaction from the proximity reader component;
receiving by the mobile device for the current transaction during a second tap of the mobile device on the proximity reader component, second transaction context data for the current transaction from the proximity reader component;
determining, by the mobile device, that the second tap is for the same transaction as the first tap;
determining, by the mobile device, that one of a customer verification method (CVM) status or a user acknowledgment status flag has been set; and
transmitting, by the mobile device to the POS terminal, a payment card account number to consummate the transaction.
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Accused Products
Abstract
A payment-enabled mobile device receives, during a first tap of the mobile device on a proximity reader component of a point of sale (POS) terminal, first transaction context data for a current transaction, and receives during a second tap of the mobile device on the proximity reader component, second transaction context data for the current transaction. When the mobile device determines that the second tap is for the same transaction as the first tap, and that one of a customer verification method (CVM) status or a user acknowledgment status flag has been set, then it transmits a payment card account number to the POS terminal to consummate the transaction.
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Citations
28 Claims
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1. A method comprising:
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receiving, by a payment-enabled mobile device during a first tap of the mobile device on a proximity reader component of a point of sale (POS) terminal, first transaction context data for a current transaction from the proximity reader component; receiving by the mobile device for the current transaction during a second tap of the mobile device on the proximity reader component, second transaction context data for the current transaction from the proximity reader component; determining, by the mobile device, that the second tap is for the same transaction as the first tap; determining, by the mobile device, that one of a customer verification method (CVM) status or a user acknowledgment status flag has been set; and transmitting, by the mobile device to the POS terminal, a payment card account number to consummate the transaction. - View Dependent Claims (2, 3)
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4. A payment-enabled mobile device, comprising:
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a processor; a memory operably connected to the processor, the memory storing a payment application program; an antenna operably connected to the processor; a transceiver operably connected to the antenna and configured to exchange wireless signals with a proximity reader component of a point of sale (POS) terminal, wherein the transceiver operates under control of the processor and the payment application program; and a nonvolatile memory operably connected to the processor and implementing a first accumulator and a different second accumulator, wherein the nonvolatile memory also implements a first counter associated with the first accumulator and a second counter associated with the second accumulator; and wherein the processor is controlled by the payment application program to; detect a tap on a proximity reader component; refer to a count tracked by the first counter regarding payment usage aspects and stored in the first accumulator to determine whether to decline a current transaction; and refer to a count tracked by the second counter regarding risk management aspects and stored in the second accumulator to determine whether to require a user of the mobile device to perform at least one cardholder verification method (CVM) as a condition of consummating the current transaction. - View Dependent Claims (5)
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6. A method comprising:
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receiving, by a payment-enabled mobile device having a display component for displaying information, user input comprising performance of a cardholder verification method (CVM); verifying, by the payment-enabled mobile device, the user input; setting a CVM-verified status; initiating, by the payment-enabled mobile device, a count-down function for indicating a future point in time at which the CVM-verified status will expire; and providing a visual count-down display to the user via the display component, the visual count-down display sequentially updated by the payment-enabled mobile device to present current values of the count-down function. - View Dependent Claims (7, 8)
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9. A method comprising:
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receiving, by a payment-enabled mobile device from a user, pre-transaction user input; storing, in the payment-enabled mobile device, an indication of the pre-transaction user input; detecting, by the payment-enabled mobile device, that it is tapped on a proximity reader component in connection with a purchase transaction; reading the indication; and consummating, by the payment-enabled mobile device, the purchase transaction without requiring the device to be tapped a second time on the proximity reader component, wherein the indication comprises at least one of (a) a transaction acknowledgment signal and (b) performance of a cardholder verification method (CVM). - View Dependent Claims (10, 11)
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12. A method, comprising:
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receiving, by a payment enabled mobile device, selection by a user of a pre-entry function; prompting, by the payment enabled mobile device, the user to perform a cardholder verification method (CVM); receiving user input associated with the CVM; verifying, by the payment enabled mobile device, the CVM; setting, by the payment enabled mobile device, a CVM-verified status; receiving, by the payment enabled mobile device when tapped on a proximity reader component of a point of sale (POS) terminal, transaction information associated with a purchase transaction; determining, by the payment enabled mobile device based on the transaction information, that the purchase transaction is a qualified transaction and that the CVM-verified status is set; and transmitting, by the payment enabled mobile device to the POS terminal, a payment card account number to consummate the purchase transaction. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20)
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21. A payment-enabled mobile device, comprising:
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a processor; an antenna operably connected to the processor; a transceiver coupled to the antenna and operably connected to the processor and operable to exchange wireless signals via the antenna with a proximity reader component of a point of sale (POS) terminal; and a memory operably connected to the processor, the memory storing a payment application program operable to cause the processor to; receive selection by a user of a pre-entry function; prompt the user to perform a cardholder verification method (CVM); receive user input associated with the CVM; verify the CVM; set a CVM-verified status; receive, when the transceiver is tapped on the proximity reader component of the POS terminal, transaction information associated with a purchase transaction; determine, based on the transaction information, that the purchase transaction is a qualified transaction and that the CVM-verified status is set; and transmit a payment card account number to the reader component of the POS terminal to consummate the purchase transaction. - View Dependent Claims (22, 23, 24, 25, 26, 27, 28)
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Specification