PAIRED WEARABLE PAYMENT DEVICE

• US 20150039494A1
• Filed: 07/02/2014
• Published: 02/05/2015
• Est. Priority Date: 08/01/2013
• Status: Abandoned Application

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Sinton, James D., Tanner, Colin, Sanghvi, Hemel
• Application Number:
  US14/322,409
• Publication Number:
  US 20150039494A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices

Abstract

The present invention relates to an electronic device 101 for use in a transaction process. The electronic device 101 comprises a first wireless communication module for communicating with a second electronic device 102 and a second wireless communication module for communicating with a payment terminal 106 for the purpose of performing a payment transaction. The electronic device 101 is capable of relaying data between the second device 102 and the payment terminal 106. A method of performing a transaction is also disclosed, said method comprising the following steps. Firstly, a first wireless communication between an electronic device 101 and a second electronic device 102 is established. Secondly, transaction details required to perform a contactless transaction are uploaded from the second electronic device 102 to the electronic device 101 and securely stored on the electronic device 101. Thirdly a second wireless communication between the electronic device 101 and a payment terminal 106 is established. Finally, the payment terminal 106 is provided with the transaction details.

Claims

1. An electronic device for use in a transaction process, the electronic device comprising:

a first wireless communication module for communicating with a second electronic device;

a second wireless communication module for communicating with a payment terminal for the purpose of performing a payment transaction

wherein the electronic device is capable of relaying data between the second electronic device and the payment terminal.

2. The electronic device of claim 1, wherein:

the first wireless communication module comprises one of an NFC or RFID transmitter or transceiver; and

the second wireless communication module comprises one of a Bluetooth, infra-red Wireless, Induction Wireless, second NFC, WLAN or Ultra Wideband transmitter or transceiver.

3. The electronic device of claim 2, wherein the electronic device is configured to wirelessly communicate with the second electronic device via the Bluetooth transmitter or transceiver and is further configured to wirelessly communicate with the payment terminal via the NFC or RFID transmitter or receiver.

4. The electronic device of claim 3, wherein a Bluetooth connection with the second electronic device is a secure, private communications link.

5. The electronic device of claim 1, wherein the electronic device comprises at least part of a wearable device such as a wristwatch, pendant or bracelet.

6. The electronic device of claim 1, wherein the second electronic device is a mobile phone arranged to be in communication with a remote server via a mobile network or Wi-Fi connection.

7. The electronic device of claim 6, wherein the mobile phone is in communication with an issuer server via the mobile network.

8. The electronic device of claim 1, further comprising a user interface.

9. A transaction processing system comprising:

an electronic device comprising a first wireless communication module and a second wireless communication module;

a second electronic device in communication with the electronic device using the first wireless communication module;

a payment terminal in communication with the electronic device using the second wireless communication module; and

wherein the electronic device is in communication with the payment terminal and the second electronic device, and facilitates the transfer of data between the payment terminal and the second electronic device.

10. The transaction processing system of claim 9, further comprising:

a communications network; and

an issuer server,

wherein the second electronic device is in communication with the issuer server via the communications network.

11. The transaction processing system of claim 10, wherein the second electronic device is a mobile phone and the communications network is a mobile network.

12. A method of performing a transaction, said method comprising the steps of:

establishing a first wireless communication between an electronic device and a second electronic device;

uploading transaction details required to perform a contactless transaction from the second electronic device to the electronic device and securely storing them on the electronic device;

establishing a second wireless communication between the electronic device and a payment terminal; and

providing the payment terminal with the transaction details.

13. The method of claim 12 wherein the step of establishing a first wireless communication between the electronic device and the second electronic device comprises establishing a secure, private communications link.

14. The method of claim 13, wherein the private communications link is one of a Bluetooth, infra-red Wireless, Induction Wireless, NFC, WLAN or Ultra Wideband connection.

15. The method of claim 12, wherein the transaction details comprise payment card details.

16. The method of claim 12, wherein the step of establishing a second wireless communication between the electronic device and the payment terminal comprises establishing an NFC or RFID connection.

17. The method of claim 12, wherein the payment terminal can only be provided with the transaction details when the electronic device is located within a predetermined distance of the second electronic device.

18. An electronic device, comprising:

A memory storing computer-executable program code; and

A processor to execute the processor-executable program code in order to cause the electronic device to;

establish a first wireless communication with a second electronic device;

receive transaction details required to perform a contactless transaction from the second electronic device and securely store them on the electronic device;

establish a second wireless communication with a payment terminal; and

provide the payment terminal with the transaction details.