Method of increasing security in respect of payments made with credit cards and cash cards

• US 20040073519A1
• Filed: 11/24/2003
• Published: 04/15/2004
• Est. Priority Date: 12/22/2000
• Status: Abandoned Application

• Current Assignee: Payment Security Sweden AB
• Original Assignee: Payment Security Sweden AB
• Inventors: Fast, Peder
• Application Number:
  US10/451,036
• Publication Number:
  US 20040073519A1
• Time in Patent Office: Days
• US Class Current: 705/65
• 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 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4016 involving fraud or risk level assessment in transaction processing
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation
• CPC Class Codes: G07F 19/20 Automatic teller machines [ATMs]

Abstract

A method of increasing the security of payments made by credit and cash cards. An account number, such as the account number of a credit card or a cash card, or an account number stored on a SIM card, is tied to the identity of a SIM card for a mobile telephone, or to the telephone number of the mobile telephone. A mobile telephone operator terminal requests the current or last registered geographical position of the mobile telephone in conjunction with a payment by or a cash withdrawal from the account, via a terminal for such a transaction. In order for a transaction to occur, there must be a predetermined agreement between the geographical position of the mobile telephone and the geographical position of the terminal.

Claims

1. A method of increasing security in respect of payment made with a credit card and cash card, characterised in that an account number, such as the account number of a credit card or cash card or an account number stored on a SIM card is tied to the identity of a SIM card for a mobile telephone or to the telephone number of said mobile telephone;

that the terminal of an existing mobile telephone operator is caused to request for the current or last registered geographical position of the mobile telephone in conjunction with a payment or a cash withdrawal through the medium of said account, via a terminal for such a transaction; and

in that it is necessary for a predetermined agreement to exist between the position of the mobile telephone and the position of said terminal in order for a transaction to be carried out.

2. A method according to claim 1, characterised in that it is necessary for the mobile telephone to be switched-on, so that the current position of the mobile telephone can be established before the transaction is possible.

3. A method according to claim 1 or 2, characterised in that an agreement between the geographical position of the last used terminal and the current terminal concerned is determined by a reasonable shortest period of time for the telephone to be moved from the last position to the current position.

4. A method according to claim 1, 2 or 3, characterised in that any lack of agreement is indicated by said terminal.

5. A method according to claim 1, 2, 3 or 4, characterised in that said agreement is considered to exist when a predetermined relationship exists between the time that has elapsed during movement of the telephone between the two positions and the distance between said positions.