PAYMENT SYSTEM AND METHOD

  • US 20110022472A1
  • Filed: 02/25/2010
  • Published: 01/27/2011
  • Est. Priority Date: 02/25/2009
  • Status: Active Application
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First Claim
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1. A mobile device configured to effect a transaction with a transaction terminal involving a user having a payment account with an account number of a predetermined format, the mobile device comprising:

  • a transceiver configured to communicate wirelessly with the transaction terminal;

    a processing device operatively connected to the transceiver; and

    memory operatively connected to the processing device and comprising an applet that, when executed by the processing device, causes the device to;

    generate a payment number corresponding to, but different from, the account number, exhibiting the predetermined format to be used as a payment method to effect the transaction with the transaction terminal, wherein the payment number has a limited use;

    transmit the payment number to the transaction terminal once the transceiver has established a communication path with the retail device.

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