×

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
First Claim
Patent Images

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.

View all claims
  • 3 Assignments
Timeline View
Assignment View
    ×
    ×