METHOD AND SYSTEM FOR CONDUCTING SECURE TRANSACTIONS WITH CREDIT CARDS USING A MONITORING DEVICE
First Claim
1. A method for performing transactions between a customer and a merchant, wherein the customer having a payment member associated with a credit card server, said customer further being associated a monitoring device, said method comprising the steps of:
- receiving by the monitoring device an indication of a transaction between the customer and the merchant;
checking by the monitoring device whether there is a short range communication link between the monitoring device and the payment member, said short range communication link when established indicating that the monitoring member and the payment member are physically close to each other; and
transmitting by said monitoring member an authorizing command to said credit card server to permit the transaction to be completed in the presence of said short-range communication link.
3 Assignments
0 Petitions
Accused Products
Abstract
A system is presented for performing secure transactions, the system including a payment member, such as a payment card, a monitoring device monitoring that the payment member is physically near the monitoring device and a portable communication device, such as a cell phone, used to communicate with a credit card server. The monitoring device checks to see if it can establish a close range communication link with the payment member and the sends information to the credit card server permitting transactions to be completed. The customer associated with and carrying the payment member, the monitoring device and the portable communication device is authenticated using a biometric sensor in the monitoring device.
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Citations
18 Claims
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1. A method for performing transactions between a customer and a merchant, wherein the customer having a payment member associated with a credit card server, said customer further being associated a monitoring device, said method comprising the steps of:
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receiving by the monitoring device an indication of a transaction between the customer and the merchant; checking by the monitoring device whether there is a short range communication link between the monitoring device and the payment member, said short range communication link when established indicating that the monitoring member and the payment member are physically close to each other; and transmitting by said monitoring member an authorizing command to said credit card server to permit the transaction to be completed in the presence of said short-range communication link. - View Dependent Claims (2, 3, 4, 5, 6, 7, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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8. The method of claim 1 wherein said transaction is associated with a real store with the customer being in the real store.
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8-1. A system for conducting secure transactions by a customer comprising:
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a payment member including a first short range communication transceiver and customer; and a monitoring device including a second short range communication module selectively establishing a short communication link with said payment member and a long range communication module, said monitoring device being adapted to detect when said short communication link is present with said payment member, said monitoring device being adapted to authorize a transaction associated with said payment member over said long range communication module when said short communication link is present.
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Specification