Mobile wireless financial instrument for automatically selecting a payment instrument

• US 7,930,249 B2
• Filed: 03/05/2008
• Issued: 04/19/2011
• Est. Priority Date: 07/11/2007
• Status: Active Grant

• Current Assignee: Qualcomm, Inc.
• Original Assignee: Qualcomm, Inc.
• Inventors: Roberts, John Richard
• Primary Examiner(s): Apple; Kirsten S
• Assistant Examiner(s): Trotter; Scott S
• Application Number:
  US12/042,488
• Publication Number:
  US 20090018924A1
• Time in Patent Office: 1,140 Days
• Field of Search: 705/64, 705/41, 705/65
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/325 using wireless networks
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules

Abstract

The specification and drawing figures describe and illustrate a point-of-sale payment system. The point-of-sale payment system includes a mobile wireless communications instrument having at least one data processor. The data processor is capable of automatically selecting a payment instrument for transmitting a payment sum across a mobile wireless communications network and, if necessary, a credit network. The point-of-sale payment system may also include a data transmission subsystem for receipt, storage, processing, and transmittal of data across the wireless communications network and/or the data transmission subsystem.

Claims

1. A point-of-sale payment system, comprising:

a mobile wireless communications instrument adapted to receive, store, process and transmit data,

wherein the data includes at least financial data associated with one or more payment instruments;

a wireless communications network operatively connectable to the mobile wireless communications instrument,

wherein the wireless communications network includes a data transmission subsystem adapted to receive, store, process and transmit data across the wireless communications network;

a data processing system housed in the portable wireless communications instrument adapted to receive, store, and transmit programmable payment instructions in connection with one more payment instruments;

a point-of-sale device operatively connectable to the mobile wireless communications instrument adapted to receive and process payment data,

wherein the point-of-sale device also is operatively connected to a credit network; and

a position determination system operatively connectable to the wireless communications instrument, to the wireless communications network, and to the data transmission subsystem adapted to provide at least the location of the mobile wireless communications instrument,

wherein the data processing system includes one or more payment decision algorithms responsive to programmable preferences of a user of the mobile wireless communications instrument,

wherein the one or more payment decision algorithms responsive to programmable preferences of a user is responsive to location information provided across the position determination system, and

wherein the location information provided across the position determination system is used to identify which of a plurality of payment instruments is preferred by the user for debiting a payment sum.

2. A point-of-sale payment system as recited in claim 1, wherein the data processing system is located in the data transmission subsystem.

3. A point-of-sale payment system as recited in claim 1, wherein the one or more payment decision algorithms responsive to programmable preferences of a user of the mobile wireless communications instrument includes one or more preferences based on the date on which a payment sum is to be transferred across the point-of-sale payment system.

4. A point-of-sale payment system as recited in claim 1, wherein the one or more payment decision algorithms responsive to programmable preferences of a user of the mobile wireless communications instrument includes one or more preferences based on the time at which a payment sum is to be transferred across the point-of-sale payment system.

5. A point-of-sale payment system as recited in claim 1, wherein the one or more payment decision algorithms responsive to programmable preferences of a user of the mobile wireless communications instrument includes one or more preferences based on biometric data associated with the user of the mobile wireless communications instrument.

6. A point-of-sale payment system as recited in claim 1, wherein the one or more payment decision algorithms responsive to programmable preferences of a user of the mobile wireless communications instrument includes one or more preferences based on prior historical data in connection with use of the one or more payment instruments.

7. A point-of-sale payment system as recited in claim 1, wherein the one or more payment decision algorithms is further responsive to identification of the point-of-sale device and the mobile wireless communications instrument.

8. A point-of-sale payment system as recited in claim 1, wherein the one or more payment decision algorithms responsive to programmable preferences of a user of the mobile wireless communications instrument is capable of excluding at least one of the one or more payment instruments based on information transmitted to the mobile wireless communications instrument from the point-of-sale device.

9. A method of selecting a payment instrument for transmitting and accepting a payment sum across a point-of-sale payment system, comprising:

selecting a mobile wireless communications instrument;

installing a data processing system in the mobile wireless communications instrument;

including in the data processing system a payment decision algorithm responsive to programmable preferences of a user of the mobile wireless communications instrument for one or more payment instruments to be used to make a payment sum;

choosing from among a range of programmable preferences one or more preferences of a user regarding the one or more payment instruments;

operatively connecting the mobile wireless communications instrument across a wireless communications network;

operatively connecting the mobile wireless communications instrument to a point-of-sale device; and

transmitting the payment instrument payment sum data to the point-of-sale device,

wherein the step of operatively connecting the mobile wireless communications instrument across a wireless communications network includes the substep of operatively connecting the mobile wireless communications instrument to a position determination system and

wherein the step of including in the data processing system a payment decision algorithm responsive to programmable preferences of a user of the mobile wireless communications instrument for one or more payment instruments to be used to make a payment sum includes the substep of substantially automatically selecting a payment instrument based on location information provided across the position determination system.

10. A method of selecting a payment instrument for transmitting and accepting a payment sum across a point-of-sale payment system as recited in claim 9, wherein the step of selecting a mobile wireless communications instrument includes the substep of selecting a cellphone.

11. A method of selecting a payment instrument for transmitting and accepting a payment sum across a point-of-sale payment system as recited in claim 9, wherein the step of operatively connecting the mobile wireless communications instrument across a wireless communications network includes the substep of operatively connecting the mobile wireless communications instrument to a credit network.

12. A method of selecting a payment instrument for transmitting and accepting a payment sum across a point-of-sale payment system as recited in claim 9, wherein the step of operatively connecting the mobile wireless communications instrument across a wireless communications network includes the substep of operatively connecting the mobile wireless communications instrument to a data transmission subsystem.

13. A method of selecting a payment instrument for transmitting and accepting a payment sum across a point-of-sale payment system as recited in claim 9, wherein the step of including in the data processing system a payment decision algorithm responsive to programmable preferences of a user of the mobile wireless communications instrument for one or more payment instruments to be used to make a payment sum includes the substeps of:

substantially automatically selecting a payment instrument based on the date on which a payment sum is to be transferred across the point-of-sale payment system;

substantially automatically selecting a payment instrument based on the time at which a payment sum is to be transferred across the point-of-sale payment system;

substantially automatically selecting a payment instrument based on biometric data associated with the user of the mobile wireless communications instrument; and

/or

substantially automatically selecting a payment instrument based on prior historical data in connection with use of the one or more payment instruments.

14. A method of selecting a payment instrument for transmitting and accepting a payment sum across a point-of-sale payment system as recited in claim 9, wherein the step of operatively connecting the mobile wireless communications instrument to a point-of-sale device includes the substep of making a payment sum from a payment instrument identified by the point-of-sale device.

15. A method of selecting a payment instrument for transmitting and accepting a payment sum across a point-of-sale payment system as recited in claim 9, wherein the step of operatively connecting the mobile wireless communications instrument to a point-of-sale device includes the substep of excluding one or more payment instruments based on information transmitted to the mobile wireless communications instrument from the point-of-sale device.

16. An apparatus for selecting a payment instrument, comprising:

a mobile wireless communications instrument having a data processing system;

a data processing system operatively connectable to the mobile wireless communications instrument,

wherein the data processing system includes at least one payment decision algorithm responsive to programmable preferences of a user of the mobile wireless communications instrument for selecting a payment instrument to debit for a payment sum;

a point-of-sale device operatively connectable to the data processing system for receiving, processing, and transmitting the payment sum across a credit network,

wherein the at least one payment decision algorithm responsive to programmable preferences of a user is responsive to location information of the apparatus, and

wherein the location information of the apparatus is used to identify which of a plurality of payment instruments is preferred by the user for debiting a payment sum.

17. An apparatus for selecting a payment instrument as recited in claim 16, further comprising a wireless communications network operatively connectable to the mobile wireless communications instrument, to the data processing system, and to the point-of-sale device for receiving and transmitting.

18. An apparatus for selecting a payment instrument as recited in claim 16, further comprising a data transmission subsystem for receiving, storing, processing and transmitting data across the wireless communications network.

19. An apparatus for selecting a payment instrument as recited in claim 16, wherein the data processing system is capable of receiving, storing, processing and transmitting data across the wireless communications network.

20. A tangible storage medium containing computer software encoded in machine-readable format for identifying and selecting substantially automatically a payment instrument, the computer software comprising:

a) a set of computer instructions for substantially automatically selecting a payment instrument from among a plurality of payment instruments based on the location of the computer software;

b) a set of computer instructions for substantially automatically selecting a payment instrument based on the date on which a payment sum is to be transmitted to a point-of-sale payment device;

c) a set of computer instructions for substantially automatically selecting a payment instrument based on the time at which a payment sum is to be transmitted to a point-of-sale device;

d) a set of computer instructions for substantially automatically selecting a payment instrument based on biometric data; and

e) a set of computer instructions for substantially automatically selecting a payment instrument based on prior historical data in connection with use of the payment instrument.

21. A tangible storage medium containing computer software encoded in machine-readable format for identifying and selecting substantially automatically a payment instrument as recited in claim 20, further comprising a set of computer instructions located in a mobile wireless communications instrument.

22. A payment system, comprising:

means for communicating across a mobile wireless communications system;

means operatively connectable to the means for communicating across a mobile wireless communications system for collecting, storing, processing and transmitting a payment sum across the mobile wireless communications system; and

means operatively connectable to the communicating means for substantially automatically debiting the payment sum from a payment instrument,

wherein the means operatively connectable to the communicating means includes a data processing system,

wherein the data processing system includes a payment decision algorithm responsive to programmable preferences of a user of the mobile wireless communications instrument for selecting one or more payment instruments from which to make the payment sum,

wherein the payment decision algorithm responsive to programmable preferences of a user is responsive to location information of at least the mobile wireless communication system, and

wherein the location information of at least the mobile wireless communication system is used to identify which of a plurality of payment instruments is preferred by the user for debiting a payment sum.

23. A payment system as recited in claim 22, wherein the means for communicating across a mobile wireless communications system is a mobile wireless communications instrument.

24. A payment system as recited in claim 23, wherein the mobile wireless communications instrument is a cellular telephone.

25. A payment system as recited in claim 22, wherein the communicating means includes a point-of-sale device.

26. A method of substantially automatically selecting a payment instrument for use in effecting a payment, comprising:

A) selecting a mobile wireless communications instrument having a data processor;

B) installing in the data processor a programmable rules engine that includes at least a range of possible preferences applicable by a user of the mobile wireless communications instrument for selecting a payment instrument from among a plurality of payment instruments;

C) identifying from among the range of possible preferences the preferences desired by a user for use in a particular context;

D) operatively connecting the mobile wireless communications instrument to a point-of-sale device;

E) directing the mobile wireless communications instrument to transmit a payment sum to the point-of-sale device;

F) allowing the mobile wireless communications instrument to substantially automatically select the one or more payment instruments to be debited for the payment sum;

G) repeating steps A) through F) in a subsequent context;

H) operatively connecting the mobile wireless communications instrument to;

i) a position determination system;

ii) a wireless communications network; and

/or

iii) a data transmission subsystem;

I) determining the location of the mobile wireless communications instrument; and

J) including in the series of preferences a subset of preferences for selecting one or more payment instruments depending on the location of the mobile wireless communications instrument and corresponding preferences selected by the user of the mobile wireless communications instrument.

27. A method of substantially automatically selecting a payment instrument for use in effecting a payment as recited in claim 26, wherein step C), namely identifying from among the range of possible preferences one or more preferences desired by a user for use in a particular context, includes the substeps of:

i) ranking the preferences in descending order for application to a particular context;

ii) matching the ranking of preferences with the particular context; and

iii) choosing one or more payment instruments for use in the particular context.

28. A method of substantially automatically selecting a payment instrument for use in effecting a payment as recited in claim 27, further comprising the substep of:

K) recording the data resulting from step I), namely determining the location of the mobile wireless communications instrument, as historical data for future use in selecting a payment instrument.

29. A method of substantially automatically selecting a payment instrument for use in effecting a payment as recited in claim 28, further comprising the substep of:

L) including in the rules engine a range of preferences based on a date and a time of a user'"'"'s selection of a payment instrument from among the plurality of payment instruments.

30. A method of substantially automatically selecting a payment instrument for use in effecting a payment as recited in claim 29, further comprising the substep of:

M) including in the rules engine a range of preferences based on one or more financial parameters chosen by a user for selecting a payment instrument from among the plurality of payment instruments.

31. A method of substantially automatically selecting a payment instrument for use in effecting a payment as recited in claim 29, further comprising the substep of:

O) including in the rules engine a range of preferences based on biometric data for identifying one or more users of the mobile wireless communications instrument for selecting a payment instrument from among a plurality of payment instruments.