Mobile electronic wallet

• US 9,098,844 B2
• Filed: 11/20/2007
• Issued: 08/04/2015
• Est. Priority Date: 11/20/2007
• Status: Active Grant

• Current Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Original Assignee: Wells Fargo Bank NA (Wells Fargo & Company)
• Inventors: Davis, Martin, Duke, Michael Thomas
• Primary Examiner(s): Gart, Matthew
• Assistant Examiner(s): PARIKH, HARSHAD R
• Application Number:
  US11/943,365
• Publication Number:
  US 20090132392A1
• Time in Patent Office: 2,814 Days
• Field of Search: 705/30, 705/41, 705/44
• US Class Current: 1/1
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• 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 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/40145 Biometric identity checks
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

Association of personal, financial, and/or business-related identification information with a mobile communication device (MCD) is provided for herein. For example, an MCD can be associated with a financial account and can further include an identification component that verifies an identity of a user of the MCD. Identity can be verified by biometric analysis (e.g., finger/thumb print scan), username and password, optical feature scan, or a combination thereof or of like mechanisms, for instance. Accordingly, the claimed subject matter provides a mechanism to verify identification of a user of an MCD and incorporate user ID into remote data exchange, including remote financial transactions, with one or more networked devices.

Claims

1. A system that integrates a mobile communication device (MCD) with personal/commercial finance and identification, comprising:

an integration component that associates a financial account with the MCD, wherein the integration component is resident to the MCD, wherein a concurrent user employs the MCD to access the financial account and wherein the concurrent user is one of a plurality of users pre-authorized to employ the MCD to access user-specific financial information, wherein the concurrent user is the user of the plurality of users who employs the MCD concurrently with the access to the financial account;

a data store, resident to the MCD, that synchronizes with the financial account and locally saves transaction and balance information consistent with the financial account;

an account user interface (UI) application resident to the MCD that provides user-specific access to the financial account; and

an identification component resident to the MCD that biometrically verifies an identity of the concurrent user from the plurality of users of the MCD, determines authorization of the concurrent user to access the financial account and, when access is authorized, conditions access to user-specific data based on the verified biometric identity,

wherein a processor communicatively coupled to the data store executes instructions associated with one or more of the integration component, the account UI application, or the identification component.

2. The system of claim 1, wherein the financial account is a checking account, savings account, credit account, money market account, certificate of deposit account, commercial loan account, state or federal sponsored personal or business loan account, or an industrial business account, or a combination thereof.

3. The system of claim 1, comprising a synchronization component that communicatively couples the MCD with an electronic server of an entity that sponsors and maintains the financial account, by way of a remote communication interface, wherein the synchronization component is at least one of resident on the MCD, remote from the MCD, or a combination of resident on the MCD and remote from the MCD.

4. The system of claim 3, comprising:

a transaction database that provides rules for conducting a transaction related to the financial account via the MCD, wherein the transaction is initiated and completed autonomously via the MCD; and

an update component that synchronizes information related to the transaction at the MCD and the electronic server via the remote communication interface, wherein the update component is at least one of resident on the MCD, remote from the MCD, or a combination of resident on the MCD and remote from the MCD.

5. The system of claim 1, the identification component further comprises a biometric identifier that employs biometric recognition to generate, extract and/or receive information that uniquely identifies the concurrent user.

6. The system of claim 5, the biometric identifier stores a unique biological aspect of the plurality of pre-authorized users, receives a unique biological aspect of an intended user, and verifies the intended user as the concurrent user when the received unique biological aspect matches the stored unique biological aspect.

7. The system of claim 1, comprising an authentication component that can provide a digital signature for the concurrent user based on the verified identity, wherein the authentication component is at least one of resident on the MCD, remote from the MCD, or a combination of resident on the MCD and remote from the MCD.

8. The system of claim 1, the MCD serves as a passport for the concurrent user upon verification of identity of the concurrent user.

9. The system of claim 1, comprising an online chat interface that connects the MCD to a network chat server, the MCD verifies the identity of the concurrent user on the network chat server, wherein the online chat interface is at least one of resident on the MCD, remote from the MCD, or a combination of resident on the MCD and remote from the MCD.

10. The system of claim 1, comprising a credit interface that retrieves credit history of the concurrent user from an online server, the MCD verifies the identity of the concurrent user to obtain credit history at the online server, wherein the credit interface is at least one of resident on the MCD, remote from the MCD, or a combination of resident on the MCD and remote from the MCD.

11. The system of claim 1, comprising a student ID interface that couples the MCD with an electronic server of an educational institution and verifies a student ID of the concurrent user, wherein the student ID interface is at least one of resident on the MCD, remote from the MCD, or a combination of resident on the MCD and remote from the MCD.

12. The system of claim 1, the data store saves electronic files of secret personal, business or financial documents, or a combination thereof, and conditions access to the electronic files based on the verified identity.

13. The system of claim 1, comprising an accounting application that organizes information related to the financial account and a personal or business budget of the concurrent user and provides advice for a proposed or initiated transaction based at least on a state of the personal or business budget, wherein the accounting application is at least one of resident on the MCD, remote from the MCD, or a combination of resident on the MCD and remote from the MCD.

14. The system of claim 1, the MCD stores personal, social or business-related information of the concurrent user, including insurance information, medical information, membership ID information related to professional or social organizations, or a combination thereof, and provides proof of ID for the concurrent user in regard to the insurance, medical or membership information.

15. The system of claim 1, wherein the data store further saves a digital photograph, digitized analog photograph, digital video representation, or digital audio representation, or a combination thereof, of the plurality of pre-authorized users for determination and presentation at the MCD as further identification of the concurrent user.

16. A system that facilitates user identification for remote financial transactions conducted at an MCD, comprising:

means for receiving a request to initiate a remote financial transaction from the MCD associated with a financial account, wherein the request is initiated by a user that is one of a plurality of users predetermined to use the MCD;

means for receiving information that uniquely verifies identification of a user from a plurality of predetermined users of the MCD, wherein the information includes user-specific identification parameters of the user; and

means for corroborating the information that verifies identification at an electronic server or database associated with the financial account, wherein, when the identification is verified, access to the financial account is granted.

17. The system of claim 16, comprising:

means for querying the user to provide the information that verifies identification; and

means for receiving a response from the user, the response includes the information that verifies identification.

18. The system of claim 16, comprising:

means for communicatively coupling the MCD and the electronic server or database; and

means for synchronizing transaction and account balance data between the MCD and the electronic server associated with the financial account, wherein the synchronization facilitates autonomous approval of a transaction via the MCD.

19. The system of claim 16, comprising means for approving a financial transaction initiated via the MCD using a transaction rule set synchronized from the electronic server, the transaction rule set provides guidelines for permissible and impermissible financial transactions associated with the financial account.

20. The system of claim 16, comprising means for securing remote communication related to the remote financial transaction that encrypts data received from and transmitted to the MCD.

21. The system of claim 16, comprising means for interfacing with a networked server that utilizes the information that verifies identification of the user to provide identity of the user to an application at the networked server.

22. The system of claim 21, the means for interfacing with a networked server receives a credit history, a government record, a financial transaction history associated with the financial account or one or more past or present additional accounts, or an employment history of the user, or a combination thereof, from the application upon providing the information that verifies identification of the user.

23. The system of claim 21, the means for interfacing with a networked server further provides the information that verifies identification of the user to the application to serve as a passport, student ID, or state or federal ID for the user, or a combination thereof.

24. The system of claim 21, the means for interfacing with a networked server provides the application with the information that verifies identification of the user in conjunction with at least one of insurance information, medical information, membership information, or financial account information associated with the user, or a combination thereof, to serve as a record of insurance, a record of medical history, a record of membership in an organization, or a record of account, respectively, or a combination thereof.

25. A method for integrating an MCD with personal/commercial finance and identification, comprising:

associating a financial account with the MCD wherein the financial account is at least one of a checking, savings or credit account associated to one of a plurality of predetermined users;

storing predetermined information that uniquely identifies each of the plurality of predetermined users of the MCD, wherein the predetermined information is stored within the MCD;

receiving physiological information that uniquely identifies a user presently employing the MCD;

comparing the physiological information that uniquely identifies the user presently employing the MCD with the predetermined information that uniquely identifies the plurality of the predetermined users, wherein the comparison autonomously occurs at the MCD; and

providing access to the financial account by way of the MCD when the information that uniquely identifies the user presently using the MCD matches the predetermined information that uniquely identifies the one of the plurality of the predetermined users.