Wirelessly executing financial transactions

• US 8,341,083 B1
• Filed: 09/05/2008
• Issued: 12/25/2012
• Est. Priority Date: 09/12/2007
• Status: Expired due to Fees

• Current Assignee: DeviceFidelity, Inc. (Block, Inc. (f/k/a Square, Inc.))
• Original Assignee: DeviceFidelity, Inc. (Block, Inc. (f/k/a Square, Inc.))
• Inventors: Jain, Deepak
• Primary Examiner(s): Liu, Marissa
• Application Number:
  US12/205,796
• Time in Patent Office: 1,572 Days
• Field of Search: 705 1- 80, 235 1- 88, 235/95, 238 1- 21, 710 2- 38
• US Class Current: 705/41
• CPC Class Codes: G06F 21/34 involving the use of external additional devices, e.g. dongles or smart cards
• CPC Class Codes: G06K 19/07707 the visual interface being a display, e.g. LCD or electronic ink
• CPC Class Codes: G06K 19/07739 comprising a first part capable of functioning as a record carrier on its own and a second part being only functional as a form factor changing part, e.g. SIM cards type ID 0001, removably attached to a regular smart card form factor
• CPC Class Codes: G06K 19/07773 Antenna details antennas for wireless devices, e.g. RFID tags, in general H01Q1/22
• CPC Class Codes: G06K 7/10237 the reader and the record carrier being capable of selectively switching between reader and record carrier appearance, e.g. in near field communication [NFC] devices where the NFC device may function as an RFID reader or as an RFID tag
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3226 Use of secure elements separate from M-devices
• CPC Class Codes: G06Q 20/3227 using secure elements embedded in 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 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/352 Contactless payments by cards
• CPC Class Codes: G06Q 20/355 Personalisation of cards for use
• CPC Class Codes: G06Q 20/3574 Multiple applications on card
• CPC Class Codes: G06Q 20/3576 Multiple memory zones on card
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G07F 7/0886 the card reader being portable for interacting with a POS or ECR in realizing a payment transaction
• CPC Class Codes: G07F 7/1008 : Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
• CPC Class Codes: H04B 1/3816 : Mechanical arrangements for accommodating identification devices, e.g. cards or chips; with connectors for programming identification devices
• CPC Class Codes: H04L 2463/102 : applying security measure for e-commerce data processing systems or methods, specially adapted for e-commerce G06Q30/00
• CPC Class Codes: H04L 41/32 : Specific management aspects for broadband networks
• CPC Class Codes: H04L 63/083 : using passwords cryptographic mechanisms or cryptographic arrangements for entity authentication using a predetermined code H04L9/3226
• CPC Class Codes: H04L 63/0853 : using an additional device, e.g. smartcard, SIM or a different communication terminal cryptographic mechanisms or cryptographic arrangements for entity authentication involving additional secure or trusted devices H04L9/3234
• CPC Class Codes: H04L 63/0876 : based on the identity of the terminal or configuration, e.g. MAC address, hardware or software configuration or device fingerprint
• CPC Class Codes: H04M 1/0274 : for an electrical connector module
• CPC Class Codes: H04M 1/7246 : by connection of exchangeable housing parts
• CPC Class Codes: H04M 17/103 : using SIMs (USIMs) or calling cards
• CPC Class Codes: H04M 17/106 : using commercial credit or debit cards
• CPC Class Codes: H04M 2017/12 : using calling, telephone credit/debit cards
• CPC Class Codes: H04M 2017/14 : using commercial credit/debit cards, e.g. VISA, AMEX
• CPC Class Codes: H04W 12/068 : using credential vaults, e.g. password manager applications or one time password [OTP] applications
• CPC Class Codes: H04W 12/069 : using certificates or pre-shared keys
• CPC Class Codes: H04W 12/08 : Access security
• CPC Class Codes: H04W 52/0254 : detecting a user operation or a tactile contact or a motion of the device
• CPC Class Codes: H04W 52/0274 : by switching on or off the equipment or parts thereof
• CPC Class Codes: H04W 88/02 : Terminal devices
• CPC Class Codes: Y02D 30/70 : in wireless communication networks

Abstract

The present disclosure is directed to a system and method for wirelessly executing financial transactions. A payment card includes an interface, a communication module, secure memory, a user-interface module, and a processing module. The interface connects to a slot of a mobile host device. The communication module wirelessly receives RF signals from and transmits RF signals to a retail terminal. The secure memory stores user credentials and a payment application used to execute financial transactions with the retail terminal. The user credentials and the payment application are associated with a financial institution. The user-interface module presents and receives information through the GUI of the mobile host device. The processing module executes the payment application using the user credentials in response to at least a transaction request received by the communication module and transmits a transaction response to the retail terminal based, at least in part, on the executed application.

Claims

1. A micro SecureDigital (microSD) payment card, comprising:

a physical interface configured to connect to a slot of a mobile host device, wherein the slot of the mobile device is configured to receive microSD cards;

a communication module that wirelessly receives Radio Frequency (RF) signals directly from and transmits RF signals directly to a retail terminal;

secure memory that stores user credentials and a payment application used to execute financial transactions with the retail terminal, the user credentials and the payment application associated with a financial institution;

a user-interface module that presents and receives information through a Graphical User Interface (GUI) of the mobile host device;

a processing module that executes the payment application using the user credentials in response to at least a transaction request received by the communication module and transmits at least one transaction response to the retail terminal based, at least in part, on the executed payment application;

a card module that communicates with the financial institution through a cellular core network using cellular radio technology of the mobile device, wherein the cellular core technology of the mobile device is configured to wirelessly communicate with the cellular core network; and

wherein the microSD payment card comprises a microSD card insertable into the microSD slot of the mobile host device.

2. The microSD card of claim 1, wherein the microSD card executes the requested transaction independent of loading a driver onto the mobile host device.

3. The microSD card of claim 1, wherein the microSD card emulates a contactless payment card when communicating with the retail terminal.

4. The microSD card of claim 1, further comprising a power module that receives power from the mobile host device and RF signals received by the communication module and automatically switches to a passive mode in response to at least loss of power from the mobile host device.

5. The microSD card of claim 1, wherein an enterprise at least associated with the financial institution uploads personalization data prior to activation, wherein the personalization data includes the user credentials, the payment application and at least one of operational flags, rule table or user interface.

6. The microSD card of claim 5, the communication module further operable to update the personalization data after activation in response to at least one of a wireless signal including secure update instructions or a wired signal through a client connected to the microSD payment card.

7. The microSD card of claim 1, the processing module further operable to transmit a notification to the financial institution using the mobile host device in response to an activity violating one or more fraud control rules.

8. The microSD card of claim 1, the processing module further operable to populate a Web page with user credentials for executing an Internet transaction in response to at least a request from a client connected to the microSD card.