WIRELESS PAYMENT PROCESSING SYSTEM

• US 20060016880A1
• Filed: 11/18/2004
• Published: 01/26/2006
• Est. Priority Date: 07/20/2004
• Status: Active Grant

• Current Assignee: Monica Linda Rok
• Original Assignee: Andrzej Rok, Gaby G. Baghdadi, Irek Singer
• Inventors: Singer, Irek, Rok, Andrzej, Baghdadi, Gaby G.
• Granted Patent: US 6,988,657 B1
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/0855 involving a third party
• 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 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• 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 20/401 Transaction verification

Abstract

The transaction method is for secure payment by credit cards or debit cards for goods or services with the use or mobile devices. The payment authorization center delivers a public portion of the authorization token to the service provider via the existing communication channels and the private portion of the authorization token is delivered to the mobile device via SMS or USSD or e-mail short message. The mobile device delivers the private authorization token to the service provider via a private local network based on bluetooth, infrared or other short radio frequency based technology. The credit card or debit card number is never revealed and a temporary card token replaces it.

Claims

1. A transaction method for displaying externally stored credit card selection list of a customer using a mobile device, comprising:

transmitting a credential request from the service provider to said mobile device of said customer with a wireless communication network;

transmitting a credential token from said mobile device along with at least International Mobile Equipment Identity (IMEI) number of said mobile device back to said service provider;

transmitting a card list request with at least said credential token and said International Mobile Equipment Identity (IMEI) number of said mobile device from said service provider to a Public Card Vault platform;

transmitting said card list with at least card names, card Bank Identification Numbers (BINs) and last two digits of each card number from said Public Card Vault Server to said service provider;

transmitting said credit card list from said provider to said mobile device with a wireless system;

displaying a credit card selection list on said mobile device.

2. A transaction method according to claim 1 wherein the credential token is an alphanumeric password code.

3. A transaction method according to claim 1 wherein the credential token is a voice sample of the customer.

4. A transaction method according to claim 1 wherein the credential token is a biometric customer identifier selected from fingerprint, retina scan and iris scan of said customer.

5. A transaction method according to claim 1 wherein said credit card is a bank debit card.

6. A transaction method according to claim 1 wherein said wireless communication system includes selectively a short range wireless radio network, an infrared wireless network, Short Message Service (SMS) network, and emails.

7. A transaction method according to claim 1 wherein said wireless communication network is an interface provided by said service provider and said private part of payment authorization token is entered manually into said interface.