Wireless payment method and systems
First Claim
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1. A method for conducting a transaction comprising:
- using a first portable electronic device, establishing the identity of a second portable electronic device using credentials present in the second portable electronic device, wherein the credentials comprise a digital certificate;
transmitting a request for payment to a second portable electronic device after establishing the identity of the second portable consumer device;
receiving approval of the request for payment at the first portable electronic device; and
sending at least a portion of the request for payment to a payment processor.
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Abstract
A method for conducting a transaction is disclosed. The method includes using a first portable electronic device, and directly transmitting a request for payment to a second portable electronic device through a wireless link. Then, the second portable electronic device transmits an approval of the request for payment to the first portable electronic device. One of the first and the second portable electronic devices then sends the request for payment to a payment hub service. The payment hub service then facilitates the transfer of funds from a payer institution to a payee institution to complete the transaction.
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Citations
18 Claims
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1. A method for conducting a transaction comprising:
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using a first portable electronic device, establishing the identity of a second portable electronic device using credentials present in the second portable electronic device, wherein the credentials comprise a digital certificate; transmitting a request for payment to a second portable electronic device after establishing the identity of the second portable consumer device; receiving approval of the request for payment at the first portable electronic device; and sending at least a portion of the request for payment to a payment processor. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A computer-readable medium, executable by a processor for performing the method comprising the steps of:
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using a first portable electronic device, establishing the identity of a second portable electronic device using credentials present in the second portable electronic device, wherein the credentials comprise a digital certificate; transmitting a request for payment to a second portable electronic device after establishing the identity of the second portable consumer device; receiving approval of the request for payment at the first portable electronic device; and sending at least a portion of the request for payment to a payment processor. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18)
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Specification