Method for wireless telephony payment and an apparatus therefor

• US 20020107007A1
• Filed: 03/27/2002
• Published: 08/08/2002
• Est. Priority Date: 03/27/2002
• Status: Abandoned Application

• Current Assignee: Howard Gerson
• Original Assignee: Howard Gerson
• Inventors: Gerson, Howard
• Application Number:
  US10/107,572
• Publication Number:
  US 20020107007A1
• Time in Patent Office: Days
• US Class Current: 455/414.1
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/16 Payments settled via telecommunication systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/32 using wireless devices
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: H04L 2463/102 applying security measure for e-commerce data processing systems or methods, specially adapted for e-commerce G06Q30/00
• CPC Class Codes: H04L 63/083 using passwords cryptographic mechanisms or cryptographic arrangements for entity authentication using a predetermined code H04L9/3226
• CPC Class Codes: H04W 12/06 Authentication
• CPC Class Codes: H04W 12/08 Access security
• CPC Class Codes: H04W 68/00 User notification, e.g. alerting and paging, for incoming communication, change of service or the like
• CPC Class Codes: H04W 88/02 Terminal devices

Abstract

The present invention is directed to an apparatus and a method for conducting financial payment transactions, authorizations therefor, and notification thereof through wireless or cellular communication devices. The apparatus and method of the present invention includes a point-of-sale authorization device, a central processing computer, and a communication device, such as a wireless telephone.

Claims

1. An apparatus for accessing a money account corresponding to a particular user and effectuating a payment from the money account from a remote location through a communication device, the apparatus comprising:

a receiver for accessing a money account and having a stored authorization code corresponding to the money account;

a processor for processing a payment transaction on the money account in conjunction with said receiver receiving said authorization code, said processor generating a first signal containing information for one of approving and disapproving the transaction;

a transmitter for transmitting a notification signal to the communication device associated with the account holder, wherein the communication device is one of a cellular telephone, a wireless telephone, a mobile telephone, and a display cellular telephone; and

wherein the receiver receives a reply signal from the one of a cellular telephone, a wireless telephone, a mobile telephone, and a display cellular telephone containing information for one of approving and disapproving the transaction; and

a point-of-sale terminal for accessing said processor and for receiving a second signal from said processor for one of approving or disapproving the transaction.

2. A method for accessing a money account corresponding to a particular user and effectuating a payment from the money account from a remote location through a communication device, the method comprising the steps of:

receiving funds for the money account,

creating a unique authorization code pertaining to the money account;

storing said authorization code in a processor;

processing a transaction on the account in response to processor being contacted by a remote user and supplying the authorization code for the money account;

generating a first signal, wherein said first signal contains information for one of approving and disapproving the transaction;

contacting a communication device associated with the money account and supplying the signal for one of approving and disapproving the transaction; and

receiving a signal for one of approving or disapproving the transaction from the communication device associated with the money account.