SYSTEMS AND METHODS FOR NON-TRADITIONAL PAYMENT

• US 20060237528A1
• Filed: 11/18/2005
• Published: 10/26/2006
• Est. Priority Date: 07/10/2001
• Status: Abandoned Application

• Current Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Original Assignee: Liberty Peak Ventures, LLC (Dominion Harbor Enterprises, LLC)
• Inventors: Bishop, Fred, Saunders, Peter D.
• Application Number:
  US11/164,352
• Publication Number:
  US 20060237528A1
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/321 using wearable devices
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/3572 Multiple accounts on card
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes

Abstract

The present invention includes systems and methods for facilitating transactions using non-traditional devices. A method of the present invention includes the steps of forming a transaction request at a non-traditional device, and communicating the transaction request to a reader. In one embodiment, the non-traditional device may be configured with a transponder or other RF operable device. In another embodiment, the non-traditional device may be configured with an RFID protocol, such as a protocol in ISO 8583 format. In yet another embodiment, the non-traditional device may be configured to facilitate transactions using a random number, an authentication tag, a counter, or an encrypted payload.

Claims

1. A method for facilitating transaction processing using a non-traditional device comprising the steps of:

forming a transaction request at said non-traditional device, wherein said non-traditional device is configured with an RF operable device; and

communicating said transaction request from said non-traditional device to a reader.

2. The method of claim 1, wherein said step of forming a transaction request further comprises forming said transaction request comprising at least one of transaction information, a random number, an authentication tag, a counter, and an encrypted payload.

3. The method of claim 1, wherein said step of forming a transaction request at said non-traditional device comprises forming said transaction request at one of a cell phone, a PDA, a RFID tag and a handheld device.

4. The method of claim 1, wherein said step of forming a transaction request further comprises a step of communicating an authentication factor.

5. A method for facilitating transaction processing using a non-traditional device comprising the steps of:

forming a transaction request at said non-traditional device, wherein said non-traditional device is configured with an RFID protocol; and

communicating said transaction request from said non-traditional device to a reader.

6. The method of claim 5, wherein said step of forming a transaction request comprises forming said transaction request in ISO 8583 format.

7. A method for facilitating transaction processing using non-traditional devices comprising the steps of:

receiving a transaction request from said non-traditional device, wherein said non-traditional device is configured with at least one of an RF operable device and an RFID protocol;

forming an authorization request comprising information from said transaction request; and

communicating said authorization request to a third party.

8. The method of claim 7, wherein said step of receiving a transaction request further comprises receiving said transaction request comprising and at least one of transaction information, a random number, an authentication tag, a counter, and an encrypted payload.

9. The method of claim 8, wherein said step of receiving a transaction request comprises placing said transaction request into a cryptogram field in said authorization request.

10. The method of claim 7, further comprising the step of receiving an authorization from said third party.

11. The method of claim 10, further comprising the step of submitting said authorization to at least one of a merchant and an issuer to facilitate processing said transaction request.

12. The method of claim 7, further comprising communicating billing information to at least one of an issuer, a parent carrier, a phone carrier, and a user.

13. A system for facilitating transaction processing comprising:

a non-traditional device configured with at least one of an RF operable device and an RFID protocol, wherein said non-traditional device is configured to facilitate communication of a transaction request to a reader.

14. The system of claim 13, wherein said transaction request comprises at least one of transaction information, a random number, an authentication tag, a counter, and an encrypted payload.

15. The system of claim 13, wherein said transaction request is configured to be billed to at least one of a third-party carrier, a parent carrier, and a phone carrier.

16. The system of claim 13, wherein said non-traditional payment device is at least one of a cellular phone, a PDA, and a handheld device.

17. The system of claim 13, wherein said non-traditional payment device is a cellular phone.

18. The system of claim 17, wherein a phone number of said cellular phone is linked to a transaction account number.

19. A computer-readable storage medium containing a set of instructions for a general purpose computer comprising the steps of:

forming a transaction request at a non-traditional device, wherein said non-traditional device is configured with at least one of an RF operable device and an RFID protocol; and

communicating said transaction request from said non-traditional device to a reader.