MOBILE SUBSCRIBER DEVICE FOR FINANCIAL TRANSACTION TOKENS

• US 20140263621A1
• Filed: 04/14/2014
• Published: 09/18/2014
• Est. Priority Date: 06/22/2007
• Status: Active Grant

• Current Assignee: Ayman Hammad, Patrick L. Faith
• Original Assignee: Ayman Hammad, Patrick L. Faith
• Inventors: Faith, Patrick L., Hammad, Ayman
• Granted Patent: US 9,996,833 B2
• Time in Patent Office: Days
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/3274 using a pictured code, e.g. barcode or QR-code, being displayed on the M-device
• CPC Class Codes: G06Q 20/353 Payments by cards read by M-devices
• CPC Class Codes: G06Q 20/3552 Downloading or loading of personalisation data
• CPC Class Codes: G07F 7/0833 Card having specific functional components
• CPC Class Codes: G07F 7/0873 Details of the card reader
• CPC Class Codes: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data

Abstract

There is provided a mobile subscriber unit for a financial transaction token. The subscriber unit interfaces with a financial token or card that is in communication with the subscriber unit. The financial token or card has an onboard energy source so that the card token may operate away from proximity to a merchant terminal (e.g.; a POS terminal). In one implementation, the onboard power storage device includes a rechargeable battery or capacitor such as a thin-film capacitor that stores sufficient energy to power the subscriber unit'"'"'s onboard electronics and/or the electronics of a financial token in communication with the subscriber unit. The subscriber unit may be a component of another consumer device such as a computing device, communications device, an item of clothing, an item of jewelry, a cell phone, a PDA, an identification card, a money holder, a wallet, a purse, a briefcase, or a personal organizer.

Claims

1-48. -48. (canceled)

49. A mobile subscriber unit comprising:

an integrated processor configured to communicate with an interface of a financial transaction token comprising a memory storing data regarding an account;

storage, coupled to the integrated processor and configured to store and retrieve code executable by the integrated processor;

a transceiver coupled to the integrated processor; and

an antenna,

wherein the integrated processor is configured to detect through the transceiver of the mobile subscriber unit an authenticated signal requesting initiation of a transaction, and is configured to execute at least some of the code stored in the storage to;

transmit the data regarding the account through the transceiver.

50. The mobile subscriber unit of claim 49, wherein the memory of the financial transaction token further comprises:

an onboard energy source.

51. The mobile subscriber unit of claim 49, wherein the financial transaction token is a payment card.

52. The mobile subscriber unit of claim 49, wherein the transceiver is configured to receive the authenticated signal requesting initiation of the transaction via an RF signal broadcast from a merchant access device.

53. The mobile subscriber unit of claim 49, further comprising a power circuit in communication with the onboard energy source, the integrated processor, and the storage.

54. The mobile subscriber unit of claim 53, further comprising:

a user interface coupled to the integrated processor, the user interface comprising;

a means for data input; and

a display, in electrical communication with the integrated processor and the power circuit, for rendering contents of the storage.

55. The mobile subscriber unit of claim 49, wherein the mobile subscriber unit is a mobile phone.

56. A mobile payment system for effecting payment for a financial transaction in a payment processing system, the mobile payment system comprising:

a financial transaction token including;

a memory coupled to the onboard energy source and configured to store and retrieve data regarding an account; and

an interface; and

a mobile subscriber unit including;

an integrated processor in communication with the interface;

storage, coupled to the integrated processor and configured to store and retrieve code executable by the integrated processor; and

a transceiver coupled to the integrated processor; and

an antenna,

wherein the integrated processor is configured to detect through the transceiver of the mobile subscriber unit an authenticated signal requesting initiation of a transaction, and is configured to execute at least some of the code stored in the storage to;

transmit the data regarding the account through the transceiver.

57. The mobile payment system of claim 56, wherein the financial transaction token further comprises a power circuit in communication with the onboard energy source, the integrated processor, and the storage.

58. The mobile payment system of claim 57, wherein the integrated processor is configured to execute at least some of the code stored in the storage to command the financial transaction token to assume an active state.

59. The mobile payment system of claim 56, wherein the integrated processor is configured to execute at least some of the code stored in the storage to programming the memory coupled to the financial transaction token with new account data.

60. The mobile payment system of claim 56, wherein the mobile subscriber unit further comprises a power circuit in communication with the onboard energy source, the integrated processor, and the storage.

61. The mobile payment system of claim 56, a user interface coupled to the integrated processor, the user interface comprising:

a means for data input; and

a display, in electrical communication with the integrated processor and the power circuit, for rendering contents of the storage.

62. The mobile payment system of claim 56, wherein the mobile subscriber unit is a mobile phone.

63. A method comprising:

communicating, by a mobile subscriber unit, with a financial transaction token comprising a memory storing data regarding an account;

detecting, through a transceiver of the mobile subscriber unit an authenticated signal requesting initiation of a transaction; and

transmitting the data regarding the account through the transceiver.

64. The method of claim 63, wherein the transceiver receives the authenticated signal requesting initiation of the transaction via an RF signal broadcast from a merchant access device

65. The method of claim 63, wherein the financial transaction token is a payment card.

66. The method of claim 63, wherein the mobile subscriber unit is a mobile phone.