Watch for transacting financial transactions
First Claim
1. A watch comprising a watch body and a wrist band, wherein the watch body comprises:
- (a) a time-keeping component,(b) a memory element for storing authorization information for a financial transaction,(c) a RuBee antenna and transceiver for transmitting the authorization information to a receiver separate from the watch, and(d) a display for displaying output from the time-keeping component.
1 Assignment
0 Petitions
Accused Products
Abstract
An alternative for smart card financial transactions is provided in which the smart card functionality is provided as part of a watch containing a RuBee antenna and transceiver for transmitting the authorization information to a receiver separate from the watch. This form factor allows the user to maintain the card in a readily usable and convenient location. In addition, the watch can be used to allow the user to specifically authorize or override a financial transaction, and to view and/or store information about the financial transaction, as well as conventional functionality such as alarms, and calendars. The watch of the invention can also provide access control or identification in corporate environments if desired.
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Citations
23 Claims
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1. A watch comprising a watch body and a wrist band, wherein the watch body comprises:
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(a) a time-keeping component, (b) a memory element for storing authorization information for a financial transaction, (c) a RuBee antenna and transceiver for transmitting the authorization information to a receiver separate from the watch, and (d) a display for displaying output from the time-keeping component. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method of conducting a point of purchase financial transaction comprising the steps of:
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(a) selecting a product to be purchased and identifying the product to a purchase control system, and (b) transmitting to the purchase control system authorization information for a financial transaction, wherein the authorization information is transmitted from a watch comprising a watch body and a wrist band, wherein the watch body comprises; (1) a time-keeping component, (2) a memory element for storing authorization information for a financial transaction, (3) a RuBee antenna and transceiver for transmitting the authorization information to the purchase control system, and (4) a display for displaying output from the time-keeping component. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A method of conducting a financial transaction comprising the steps of:
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(a) selecting a financial transaction to be conducted through a transaction control system, and (b) transmitting to the transaction control system authorization information for the financial transaction, wherein the authorization information is transmitted from a watch comprising a watch body and a wrist band, wherein the watch body comprises; (1) a time-keeping component, (2) a memory element for storing authorization information for a financial transaction, (3) a RuBee antenna and transceiver for transmitting the authorization information to the purchase control system, and (4) a display for displaying output from the time-keeping component. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23)
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Specification