Mobile subscriber device for financial transaction tokens

• US 8,733,632 B2
• Filed: 06/22/2007
• Issued: 05/27/2014
• Est. Priority Date: 06/22/2007
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Faith, Patrick L., Hammad, Ayman A.
• Primary Examiner(s): JOHNSON, SONJI N
• Application Number:
  US11/767,185
• Publication Number:
  US 20080314971A1
• Time in Patent Office: 2,531 Days
• Field of Search: None
• 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. 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;

an onboard energy source;

memory coupled to the onboard energy source and configured to store and retrieve data regarding an account in the payment processing system;

an embedded processor coupled to the onboard energy source and the memory; and

an electrical interface in communication with the embedded processor; and

a mobile subscriber unit including;

an integrated processor in communication with the electrical 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, upon detecting through the transceiver of the mobile subscriber unit an authenticated signal requesting initiation of a transaction, executes at least some of the code stored in the storage to;

(1) command, through the electrical interface, the embedded processor of the financial transaction token to assume an active state;

(2) configure, based on one or more commands received through a user interface, the financial transaction token to select a particular account for use in the financial transaction;

(3) obtain, through the electrical interface, data regarding the selected account; and

(4) transmit the data regarding the selected account through the transceiver,

wherein the financial transaction token is removable from the mobile subscriber unit and is programmable to initiate transactions in one of two modes, wherein a first mode includes completing the financial transaction by the mobile subscriber unit as a proxy for the financial transaction token, and wherein a second mode includes completing the transaction by the financial transaction token independently of the mobile subscriber unit.

2. The mobile payment system as defined in claim 1, further comprising a power circuit in communication with the onboard energy source, the embedded processor, and the memory.

3. The mobile payment system as defined in claim 2, wherein the power circuit is in communication with the mobile subscriber unit through the electrical interface.

4. The mobile payment system as defined in claim 3, wherein:

the electrical interface comprises means for receiving a charge status signal from the financial token; and

the executable code further comprises code which, when executed by the integrated processor, derives a charge state of the energy source within the financial token from the received charge status signal.

5. The mobile payment system as defined in claim 3, wherein the electrical interface couples a charging current from the mobile subscriber unit to the power circuit to charge the energy source.

6. The mobile payment system as defined in claim 3, wherein the mobile subscriber unit further includes a user interface coupled to the integrated processor, the user interface comprising:

means for data input; and

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

7. The mobile payment system as defined in claim 6, wherein the storage includes executable code that, when executed, causes the mobile payment system to perform commands received by the data input means.

8. The mobile payment system as defined in claim 7, wherein the storage includes executable code that, when executed, communicate a control signal communicated to the financial transaction token through an electrical communication means, whereupon the memory in the financial transaction token is erased upon the mobile subscriber unit communicating the control signal thereto.

9. The mobile payment system as defined in claim 7, wherein the storage includes executable code that, when executed, communicate a control signal communicated to the financial transaction token through an electrical communication means, whereupon the embedded processor within the financial transaction token assumes an inactive state upon the mobile subscriber unit communicating the control signal thereto.

10. The mobile payment system as defined in claim 1, wherein the onboard energy source comprises a capacitor.

11. The mobile payment system as defined in claim 1, wherein the onboard energy source comprises a thin film capacitor.

12. The mobile payment system as defined in claim 1, further comprising locking means for physically securing the financial transaction token within the mobile subscriber unit.

13. The mobile payment system as defined in claim 1, wherein the integrated processor executes the at least some of the code stored in the storage further based upon a predetermined condition indicating the initiation of the financial transaction, the predetermined condition being selected from a group consisting of:

(1) a user entering an indicia through the user interface, the indicia indicating a request to effect payment for a financial transaction;

(2) a user selecting a purchase of a service from a solicitation presented in the user interface;

(3) a user placing the mobile subscriber unit within an electromagnetic field, the electromagnetic field having a predetermined communications protocol and a minimum magnitude;

(4) a user placing the mobile subscriber unit in a point of sale terminal;

(5) the mobile subscriber unit detecting that the mobile subscriber unit has been placed within a predetermined distance of a wireless point of sale terminal;

(6) the integrated processor of the mobile subscriber unit detecting a request to initiate a transaction provided by the financial token through the electrical interface; and

(7) combinations thereof.

14. The mobile payment system as defined in claim 1, wherein the mobile subscriber unit further includes an exposed region for encoding data coupled to the integrated processor, the exposed region comprising components selected from the group consisting of:

a reprogrammable magnetic region for the encoded data;

a set of contacts for electrically transmitting signals corresponding to the encoded data;

a display for rendering the encoded data; and

combinations thereof.

15. The mobile payment system as defined in claim 1, wherein the executable code in the storage of the mobile subscriber unit further comprises code that, when executed, causes the mobile subscriber unit to command, through the electrical interface, the embedded processor in the financial transaction token to assume an inactive state if the onboard energy source in the financial transaction token has been enabled for a predetermined time interval.

16. The mobile payment system as defined in claim 1, wherein the user interface includes a touch screen.

17. The mobile payment system as defined in claim 1, wherein the mobile subscriber unit further includes a biometric input device that is configured to authenticate a user of the mobile subscriber unit.

18. The mobile payment system as defined in claim 17, wherein the biometric input device is further configured to authenticate the user of the mobile subscriber unit based on one or more fingerprint scans.

19. The mobile payment system of claim 1, wherein the code stored in the storage of the mobile subscriber unit is further executed by the integrated processor to relay account information stored within the financial transaction token'"'"'s memory to the mobile subscriber unit to enable the completion of the financial transaction by the mobile subscriber unit as a proxy for the financial transaction token.

20. The mobile payment system of claim 1, wherein the onboard energy source of the financial transaction token provides power to both electronics of the mobile subscriber unit and to onboard electronics of the financial transaction token in communication with the mobile subscriber unit.

21. A system for effecting a financial transaction, the system comprising:

a financial transaction token including;

an onboard energy source coupled to a power circuit;

memory, coupled to the power circuit and configured to store and retrieve;

data regarding an account; and

embedded program code;

an embedded processor coupled to a power circuit and the memory, the embedded processor configured to execute at least some of the embedded program code in the memory; and

a coupler in communication with the embedded processor and the power circuit; and

a mobile subscriber unit including;

an integrated processor in communication with the coupler;

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

a user interface coupled to the integrated processor;

a transceiver coupled to the integrated processor and an antenna, wherein the integrated processor, upon detecting through the transceiver of the mobile subscriber unit an authenticated signal requesting initiation of a transaction and sensing that the mobile subscriber unit has been placed within a predetermined distance of a wireless point of sale terminal, executes at least some code in the storage to;

(1) command the embedded processor in the financial transaction token to assume an active state;

(2) configure, based on one or more commands received through the user interface, the financial transaction token to select a particular account for use in the financial transaction;

(3) obtain, through the coupler, data regarding the selected account; and

(4) transmit the data regarding the selected account through the transceiver,

wherein the financial transaction token is removable from the mobile subscriber unit and is programmable to initiate transactions in one of two modes, wherein a first mode includes completing the financial transaction by the mobile subscriber unit as a proxy for the financial transaction token, and wherein a second mode includes completing the transaction by the financial transaction token independently of the mobile subscriber unit.

22. The mobile payment system as defined in claim 21, wherein upon being commanded to the active state, the embedded processor:

receives an authenticating indicia;

compares the authenticating indicia to a predetermined authenticating indicia pre-stored in the storage; and

authorizes the transaction if a result of the comparison of the authenticating indicia to the pre-stored indicia is within a predetermined threshold.

23. The mobile payment system as defined in claim 22, wherein the authenticating indicia is transmitted by the mobile subscriber unit to the embedded processor through the coupler.

24. The mobile payment system as defined in claim 21, wherein the onboard energy source comprises a capacitor.

25. The mobile payment system as defined in claim 21, wherein the onboard energy source comprises a thin film capacitor.

26. The mobile payment system as defined in claim 21, further comprising locking means for physically securing the financial transaction token within the mobile subscriber unit.

27. The mobile payment system as defined in claim 21 wherein:

the coupler comprises means for receiving a charge status signal from the financial token; and

the executable code further comprises code which, when executed by the integrated processor, derives a charge state of the energy source within the financial token from the received charge status signal.

28. The mobile payment system as defined in claim 21, wherein a charging current is transmitted through the coupler from the mobile subscriber unit to the power circuit to charge the energy source.

29. The mobile payment system as defined in claim 21, wherein the storage includes executable code that, when executed, communicate a control signal communicated to the financial transaction token through an electrical communication means, whereupon the embedded processor within the financial transaction token assumes an inactive state upon the mobile subscriber unit communicating the control signal thereto.

30. The mobile payment system as defined in claim 21, wherein the integrated processor executes the at least some of the code stored in the storage further based upon a predetermined condition indicating the initiation of the financial transaction, the predetermined condition being selected from a group consisting of:

(1) a user entering an indicia through the user interface, the indicia indicating a request to effect payment for a financial transaction;

(2) a user selecting a purchase of a service from a solicitation presented in the user interface;

(3) a user placing the mobile subscriber unit within an electromagnetic field, the electromagnetic field having a predetermined communications protocol and a minimum magnitude;

(4) a user placing the mobile subscriber unit in a point of sale terminal;

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

(6) the integrated processor of the mobile subscriber unit detecting a request to initiate a transaction provided by the financial token through the electrical interface; and

(7) combinations thereof.

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

a reprogrammable financial transaction card comprising;

a substantially rigid substrate;

a reprogrammable magnetic stripe assembly, coupled to a power circuit and proximal the substrate, for encoding data including an account for effecting the payment for a transaction;

a thin film capacitor proximal the substrate and coupled to the power circuit, wherein the thin film capacitor is adapted to energize energizes the power circuit as an internal power source;

an embedded processor located within a cavity defined within the substrate and coupled to the power circuit and to a data interface;

an electrical interface coupled to the embedded processor and the power circuit; and

memory, coupled to the power circuit and the embedded processor, and including code executable to;

accept, using the electrical interface, commands for encoding data for an exposed region; and

perform the commands accepted from the electrical interface; and

a mobile subscriber unit including;

a cavity defined within the mobile subscriber unit for retaining the financial transaction card;

an integrated processor coupled to the electrical interface;

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

a user interface coupled to the integrated processor; and

a transceiver coupled to the integrated processor and an antenna, wherein the integrated processor, executes at least some code in the storage to;

(1) command the embedded processor in the financial transaction card to assume an active state;

(2) configure, based on one or more commands received through the user interface, the financial transaction card to select a particular account for use in the financial transaction;

(3) obtain, through the electrical interface, data regarding the selected account; and

(4) transmit the data regarding the selected account through the transceiver, wherein the financial transaction token is removable from the mobile subscriber unit and is programmable to initiate transactions in one of two modes, wherein a first mode includes completing the financial transaction by the mobile subscriber unit as a proxy for the financial transaction token, and wherein a second mode includes completing the transaction by the financial transaction token independently of the mobile subscriber unit.

32. The mobile payment system as defined in claim 31, wherein upon being commanded to the active state, the embedded processor:

receives an authenticating indicia;

compares the authenticating indicia to a predetermined authenticating indicia pre-stored in the storage; and

authorizes the transaction if a result of the comparison of the authenticating indicia to the pre-stored indicia is within a predetermined threshold.

33. The mobile payment system as defined in claim 32, wherein the mobile subscriber unit prompts a user to enter the authenticating indicia through the user interface.

34. The mobile payment system as defined in claim 32, wherein the authenticating indicia is transmitted by the mobile subscriber unit to the embedded processor through the electrical interface.

35. The mobile payment system as defined in claim 31, further comprising locking means for physically securing the financial transaction card within the cavity defined within the mobile subscriber unit.

36. The mobile payment system as defined in claim 31 wherein:

the electrical interface comprises means for receiving a charge status signal from the financial transaction card; and

the executable code further comprises code which, when executed by the integrated processor, derives a charge state of the energy source within the financial transaction card from the received charge status signal.

37. The mobile payment system as defined in claim 31, wherein the electrical interface couples a charging current from the mobile subscriber unit to the power circuit to charge the thin film capacitor.

38. The mobile payment system as defined in claim 31, wherein the storage includes executable code that, when executed, communicate a control signal communicated to the financial transaction card through an electrical communication means, whereupon the embedded processor within the financial transaction card assumes an inactive state upon the mobile subscriber unit communicating the control signal thereto.

39. The mobile payment system as defined in claim 31, wherein the integrated processor executes the at least some of the code stored in the storage further based upon a predetermined condition indicating the initiation of the financial transaction, the predetermined condition being selected from a group consisting of:

(1) a user entering an indicia through the user interface, the indicia indicating a request to effect payment for a financial transaction;

(2) sensing that the mobile subscriber unit has been placed within a predetermined distance of a wireless point of sale terminal;

(3) a user selecting a purchase of a service from a solicitation presented in the user interface;

(4) a user placing the mobile subscriber unit within an electromagnetic field, the electromagnetic field having a predetermined communications protocol and a minimum magnitude;

(5) a user placing the mobile subscriber unit in a point of sale terminal;

(6) the integrated processor of the mobile subscriber unit detecting a request to initiate a transaction provided by the financial card through the electrical interface; and

(7) combinations thereof.

40. The mobile payment system as defined in claim 31, wherein upon being commanded to the active state, the embedded processor:

receives, through the electrical interface, a request to authorize the transaction, said request including at least a monetary amount necessary to effect payment for the financial transaction;

compares the monetary amount to a pre-stored value indicia in the memory, wherein;

if the monetary amount is less than or equal to the pre-stored value indicia, the embedded processor;

sends to the integrated processor, through the electrical interface, a signal indicating the transaction is authorized; and

decrements the pre-stored value indicia by an amount corresponding to the monetary amount;

otherwise, if the monetary amount is greater than the pre-stored value indicia, the embedded processor sends to the integrated processor, through the electrical interface, a signal indicating the transaction is not authorized.