SYSTEM AND METHOD FOR CONTROLLING FINANCIAL TRANSACTIONS OVER A WIRELESS NETWORK

• US 20140379502A1
• Filed: 09/04/2014
• Published: 12/25/2014
• Est. Priority Date: 12/23/1997
• Status: Active Grant

• Current Assignee: Unwired Planet LLC (JP Morgan Chase & Co)
• Original Assignee: Unwired Planet LLC (JP Morgan Chase & Co)
• Inventors: Dennis, Charles L.
• Granted Patent: US 9,135,613 B2
• Time in Patent Office: Days
• US Class Current: 705/18
• CPC Class Codes: G06F 3/04842 Selection of displayed objects or displayed text elements G06F3/0482 takes precedence
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/3226 Use of secure elements separate from M-devices
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• CPC Class Codes: G06Q 20/3674 involving authentication
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: H04L 67/04 specially adapted for terminals or networks with limited capabilities; specially adapted for terminal portability
• CPC Class Codes: H04L 67/306 User profiles
• CPC Class Codes: H04L 67/51 Discovery or management thereof, e.g. service location protocol [SLP] or web services
• CPC Class Codes: H04L 67/535 Tracking the activity of the user network monitoring arrangements H04L43/00; recording of computer activity G06F11/34
• CPC Class Codes: H04M 15/68 Payment of value-added services
• CPC Class Codes: H04M 2215/00 Metering arrangements; Time controlling arrangements; Time indicating arrangements
• CPC Class Codes: H04M 2215/0176 Billing arrangements using internet
• CPC Class Codes: H04M 2215/0196 Payment of value-added services, mainly when their charges are added on the telephone bill, e.g. payment of non-telecom services, e-commerce, on-line banking
• CPC Class Codes: H04M 2215/32 Involving wireless systems
• CPC Class Codes: H04W 4/025 : using location based information parameters

Abstract

A system and method for controlling financial transactions is disclosed. A customer, using a wireless device, identifies a point of sale and the amount of a transaction at that point of sale is first communicated to a central service and then transmitted to the wireless device for display at the wireless device. The customer can either accept the transaction amount to complete the transaction or reject the amount to cancel the transaction. The customer may have to enter a password or personal identification number to verify the authorization to use the wireless financial system. The customer is billed for the transaction via credit, debit, ATM or other methods, such as the wireless carrier or an internet provider.

Claims

1. A method comprising, at a server system:

receiving location data from a wireless device, the location data being indicative of a geographic area in which the wireless device is located;

determining merchant data based at least in part on the location data, the merchant data being indicative of one or more merchants in the geographic area;

transmitting the merchant data to the wireless device, thereby to cause information relating to the one or more merchants to be displayed on a display of the wireless device;

receiving item data from the wireless device, the item data identifying at least one item at a selected merchant, the selected merchant being one of the one or more merchants;

transmitting transaction data to the wireless device, the transaction data including a transaction amount based at least in part on the item data, thereby to cause the transaction amount to be displayed on the display of the wireless device;

receiving authorization data from the wireless device, the authorization data relating to the transaction amount;

extracting payment information data from a profile of a user of the wireless device, the profile being stored at the server system; and

responsive to the receiving authorization data, arranging payment of the transaction amount to the selected merchant using the payment information data.

2. The method of claim 1, wherein the merchant data is indicative of a plurality of merchants in the geographic area, thereby to cause information relating to the plurality of merchants to be displayed on the display of the wireless device.

3. The method of claim 2, wherein the merchant data includes respective addresses associated with the plurality of merchants.

4. The method of claim 1, further comprising, at the server system:

retrieving product specification data from a database; and

transmitting the product specification data to the wireless device, thereby to cause the product specification data to be displayed on the display of the wireless device.

5. The method of claim 1, wherein the location data is based at least in part on determining a location of a wireless network site from which the wireless device is currently receiving wireless communications service.

6. The method of claim 1, further comprising, at the server system:

transmitting acknowledgement of the transaction to a terminal associated with the selected merchant.

7. The method of claim 6, wherein the terminal associated with the selected merchant is located within premises of the selected merchant.

8. The method of claim 1, further comprising, at the server system:

receiving modified payment information data, the modified payment information being for the user of the wireless device; and

updating the profile of the user based at least in part on the modified payment information data.

9. The method of claim 1, wherein the profile of the user of the wireless device comprises frequency data, the frequency data relating to a frequency of use of particular merchants, the method further comprising, at the server system:

using the frequency data in the determining merchant data.

10. A server system comprising:

one or more processors;

a first memory comprising computer-executable instructions; and

a communication interface;

wherein the computer-executable instructions, when executed by the one or more processors, cause the server system to;

receive location data using the communication interface, the location data being indicative of a geographic area in which a wireless device is located;

determine merchant data based at least in part on the location data, the merchant data being indicative of one or more merchants in the geographic area;

transmit the merchant data to the wireless device using the communication interface, thereby to cause information relating to the one or more merchants to be displayed on a display of the wireless device;

receive item data from the wireless device using the communication interface, the item data identifying at least one item at a selected merchant, the selected merchant being one of the one or more merchants;

transmit a transaction amount to the wireless device using the communication interface, the transaction amount based at least in part on the item data, thereby to cause the transaction amount to be displayed on the display of the wireless device;

receive authorization data from the wireless device using the communication interface;

the authorization data relating to the transaction amount;

extract payment information data from a profile of a user of the wireless device, the profile being stored at the server system; and

responsive to receipt of the authorisation data, arranging payment of the transaction amount to the selected merchant using the payment information data.

11. The server system of claim 10, wherein the merchant data is indicative of a plurality of merchants in the geographic area, thereby to cause information relating to the plurality of merchants to be displayed on the display of the wireless device.

12. The server system of claim 11, wherein the merchant data includes respective addresses associated with the plurality of merchants.

13. The server system of claim 10, wherein the computer-executable instructions further cause the server system to:

retrieve product specification data from a database; and

transmit the product specification data to the wireless device using the communication interface, thereby to cause the product specification data to be displayed on the display of the wireless device.

14. The server system of claim 10, wherein the location data is based at least in part on determining a location of a wireless network site from which the wireless device is currently receiving wireless communications service.

15. The server system of claim 10, wherein the computer-executable instructions further cause the server system to:

transmit acknowledgement of the transaction to a terminal associated with the selected merchant using the communication interface.

16. The server system of claim 15, wherein the terminal associated with the selected merchant is located within premises of the selected merchant.

17. The server system of claim 10, wherein the computer-executable instructions further cause the server system to:

receive modified payment information data, the modified payment information being for the user of the wireless device; and

update the profile of the user of the wireless device based at least in part on the modified payment information data.

18. The server system of claim 10, wherein the profile of the user of the wireless device comprises frequency data, the frequency data relating to a frequency of use of particular merchants, and wherein the computer-executable instructions further cause the server system to:

use the frequency data in the determining merchant data.

19. A non-transitory computer-readable medium having computer-executable instructions embodied thereon, the computer-executable instructions, when executed by at least one processor of a wireless device, cause the wireless device to:

receive merchant data from a server system, the merchant data being indicative of one or more merchants in a geographic area in which the wireless device is located;

display information based at least in part on the merchant data on a display of the wireless device;

transmit item data to the server system, the item data identifying at least one item at a selected merchant, the selected merchant being one of the one or more merchants;

receive transaction data from the server system, the transaction data including a transaction amount based at least in part on the item data;

display the transaction amount on the display of the wireless device; and

transmit authorization data to the server system, the authorization data relating to the transaction amount.

20. The computer-readable medium of claim 19, wherein the merchant data is indicative of a plurality of merchants in the geographic area, and wherein the computer-executable instructions further cause the wireless device to:

display information relating to the plurality of merchants on the display of the wireless device.

21. The computer-readable medium of claim 20, wherein the merchant data includes data of respective addresses associated with the plurality of merchants , and wherein the computer-executable instructions further cause the wireless device to:

display information based at least in part on the data of respective addresses on the display of the wireless device when displaying the information based at least in part on the merchant data.

22. The computer-readable medium of claim 19, wherein the computer-executable instructions further cause the wireless device to:

transmit location data to the server system before receiving the merchant data, the location data being indicative of a geographic area in which the wireless device is located.

23. The computer-readable medium of claim 22, wherein the computer-executable instructions further cause the wireless device to:

determine a location of a wireless network site from which the wireless device is currently receiving wireless communications service;

and wherein the transmitted location data is based at least in part on the location of the wireless network site.

24. The computer-readable medium of claim 19, wherein the computer-executable instructions further cause the wireless device to:

receive product specification data from the server system; and

display the product specification data on the display of the wireless device.

25. The computer-readable medium of claim 19, wherein the wireless device is a cellular telephone.