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METHOD AND SYSTEM FOR CONDUCTING SECURE TRANSACTIONS WITH CREDIT CARDS USING A MONITORING DEVICE

  • US 20140214674A1
  • Filed: 10/23/2013
  • Published: 07/31/2014
  • Est. Priority Date: 01/29/2013
  • Status: Abandoned Application
First Claim
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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:

  • 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.

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