System and method of loading a transaction card and processing repayment on a mobile device

• US 9,349,125 B2
• Filed: 05/22/2014
• Issued: 05/24/2016
• Est. Priority Date: 02/23/2012
• Status: Active Grant

• Current Assignee: Xromb Inc.
• Original Assignee: Xromb Inc.
• Inventors: Kushevsky, Mikhail, Fainshtein, Michael, Martinsons, Valdis Andris
• Primary Examiner(s): JOHNSON, SONJI N
• Application Number:
  US14/284,826
• Publication Number:
  US 20140252087A1
• Time in Patent Office: 733 Days
• US Class Current: 1/1
• CPC Class Codes: G06K 19/0723 the record carrier comprising an arrangement for non-contact communication, e.g. wireless communication circuits on transponder cards, non-contact smart cards or RFIDs
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/352 Contactless payments by cards
• CPC Class Codes: G06Q 20/3672 initialising or reloading thereof
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]

Abstract

The embodiments described herein provide in one aspect, a method of loading a transaction card account onto a mobile device, the mobile device comprising a memory and a contactless reader, the method comprising: reading, via the contactless reader, transaction card information from a physical contactless transaction card corresponding to the transaction card account; sending a retrieval message, to an issuer server, to retrieve a card security credential for the transaction card account, the retrieval message comprising the transaction card information for identifying the transaction card account at the issuer server; receiving, from the issuer server, a card security credential for the transaction card account; and storing, the transaction card information and the card security credential as a transaction card corresponding to the transaction account, on the memory of the mobile device.

Claims

1. A method of loading a transaction card account onto a mobile device, the mobile device comprising a memory and a contactless reader, the method comprising:

reading, via the contactless reader, transaction card information from a physical contactless transaction card corresponding to the transaction card account;

obtaining addressing information for an issuer server from an electronic wallet server;

sending a retrieval message, to the issuer server identified by the addressing information, to retrieve a card security credential for the transaction card account, the retrieval message comprising the transaction card information for identifying the transaction card account at the issuer server;

receiving the card security credential for the transaction card account from the issuer server, the card security credential having been transmitted from the issuer server in response to the retrieval message being received at the issuer server; and

storing,

the transaction card information read from the physical contactless transaction card; and

the card security credential received from the issuer server;

on the memory of the mobile device, such that after the storing, the mobile device is usable as another physical contactless transaction card associated with the transaction card account during a payment transaction.

2. The method of claim 1, wherein the mobile device comprises a secure element, and the memory is housed in the secure element.

3. The method of claim 1, wherein the contactless reader comprises a Near Field Communications (NFC) integrated circuit (IC).

4. The method of claim 1, further comprising

displaying a user interface on the mobile device to receive a security input for verification against the card security credential;

and

verifying the security input against the card security credential.

5. The method of claim 4, wherein the displaying and verifying is performed prior to the storing in order to authenticate an owner of the transaction card account.

6. The method of claim 1, wherein the security input comprises an inputted Personal Identification Number (PIN) and the card security credential comprises an encrypted PIN, and wherein, the verifying comprises determining whether the inputted PIN matches the encrypted PIN.

7. The method of claim 1, wherein the mobile device comprises a contactless transmitter, and the mobile device is configured to transmit the stored transaction card information via the contactless transmitter during the payment transaction.

8. The method of claim 7, wherein the mobile device comprises a contactless transceiver that comprises the contactless reader and the contactless transmitter.

9. A system for loading a transaction card account, the system comprising,

a mobile device comprising a processor;

a contactless reader operatively coupled to the processor; and

a memory storing a plurality of instructions, which when executed by the processor causes the processor to;

read, via the contactless reader, transaction card information from a physical contactless transaction card corresponding to the transaction card account;

obtain addressing information for an issuer server from an electronic wallet server;

send a retrieval message, to the issuer server identified by the addressing information, to retrieve a card security credential for the transaction card account, the retrieval message comprising the transaction card information for identifying the transaction card account at the issuer server;

receive the card security credential for the transaction card account from the issuer server, the card security credential having been transmitted from the issuer server in response to the retrieval message being received at the issuer server; and

store,

the transaction card information read from the physical contactless transaction card; and

the card security credential received from the issuer server;

on the memory of the mobile device, such that after the storing, the mobile device is usable as another physical contactless transaction card associated with the transaction card account during a payment transaction.

10. The system of claim 9, wherein the mobile device comprises a secure element, and the memory is housed in the secure element.

11. The system of claim 9, wherein the contactless reader comprises a Near Field Communications (NFC) integrated circuit (IC).

12. The system of claim 9, wherein the processor is further configured to:

display a user interface on the mobile device to receive a security input for verification against the card security credential; and

verify the security input against the card security credential.

13. The system of claim 12, wherein the displaying and verifying is performed prior to the storing in order to authenticate an owner of the transaction card account.

14. The system of claim 9, wherein the security input comprises an inputted Personal Identification Number (PIN) and the card security credential comprises an encrypted PIN, and wherein, the verifying comprises determining whether the inputted PIN matches the encrypted PIN.

15. The system of claim 9, wherein the mobile device comprises a contactless transmitter, and the mobile device is configured to transmit the stored transaction card information via the contactless transmitter during the payment transaction.

16. The system of claim 15, wherein the mobile device comprises a contactless transceiver that comprises the contactless reader and the contactless transmitter.

17. A non-transitory computer readable medium on which a plurality of executable instructions is stored, wherein when the instructions are executed by a processor, the processor is capable of:

reading, via the contactless reader, transaction card information from a physical contactless transaction card corresponding to the transaction card account;

obtaining addressing information for an issuer server from an electronic wallet server;

sending a retrieval message, to the issuer server identified by the addressing information, to retrieve a card security credential for the transaction card account, the retrieval message comprising the transaction card information for identifying the transaction card account at the issuer server;

receiving the card security credential for the transaction card account from the issuer server, the card security credential having been transmitted from the issuer server in response to the retrieval message being received at the issuer server; and

storing,

the transaction card information read from the physical contactless transaction card; and

the card security credential received from the issuer server;

on the memory of the mobile device, such that after the storing, the mobile device is usable as another physical contactless transaction card associated with the transaction card account during a payment transaction.

18. The computer readable medium of claim 17, wherein the instructions further configure the processor to:

display a user interface on the mobile device to receive a security input for verification against the card security credential; and

verify the security input against the card security credential.

19. The computer readable medium of claim 18, wherein the displaying and verifying is performed prior to the storing in order to authenticate an owner of the transaction card account.

20. The computer readable medium of claim 18, wherein the security input comprises an inputted Personal Identification Number (PIN) and the card security credential comprises an encrypted PIN, and wherein, the verifying comprises determining whether the inputted PIN matches the encrypted PIN.