Systems and method for secure wireless payment transactions
First Claim
1. A secure wireless payment transaction system, comprising:
- at least one processor; and
a memory connected with the at least one processor, the memory containing a plurality of program instructions that cause the at least one processor to;
receive a Personal identification Number (PIN) in a message that is sent from a mobile communication device;
receive a mobile communication device identifier identifying the mobile communication device with the message;
authenticate a transaction based on the PIN and the mobile communication device identifier;
generate a transaction code if the transaction is authenticated;
return the transaction code to the mobile communication device;
receive a transaction amount, a merchant identifier, and the transaction code from a merchant'"'"'s Point of Sale (POS) system;
approve the transaction based on the merchant identifier, the transaction amount, and recognition of the transaction code, wherein, in causing the at least one processor to approve the transaction, the plurality of program instructions cause the at least one processor to determine whether a user account associated with the transaction contains sufficient funds to cover the transaction amount; and
transmit an approval code to the POS system when the transaction is approved.
3 Assignments
0 Petitions
Accused Products
Abstract
When purchasing an item or service, a user enters a PIN enter their mobile communication device and send the PIN, e.g., via text message to a payment authority. The payment authority authenticates the user using at least the PIN and the mobile communication device identifier associated with the user'"'"'s mobile communication device. If the user is authenticated, then the payment authority will send a transaction code back to the user, which will be displayed on the user'"'"'s mobile communication device. The user can then provide the transaction code to the merchant. The merchant can enter the transaction code into the Merchant'"'"'s point of sale system and complete the transaction.
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Citations
28 Claims
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1. A secure wireless payment transaction system, comprising:
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at least one processor; and a memory connected with the at least one processor, the memory containing a plurality of program instructions that cause the at least one processor to; receive a Personal identification Number (PIN) in a message that is sent from a mobile communication device; receive a mobile communication device identifier identifying the mobile communication device with the message; authenticate a transaction based on the PIN and the mobile communication device identifier; generate a transaction code if the transaction is authenticated; return the transaction code to the mobile communication device; receive a transaction amount, a merchant identifier, and the transaction code from a merchant'"'"'s Point of Sale (POS) system; approve the transaction based on the merchant identifier, the transaction amount, and recognition of the transaction code, wherein, in causing the at least one processor to approve the transaction, the plurality of program instructions cause the at least one processor to determine whether a user account associated with the transaction contains sufficient funds to cover the transaction amount; and transmit an approval code to the POS system when the transaction is approved. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A method for secure wireless transaction, comprising:
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receiving a Personal identification Number (PIN) in a message that is sent from a mobile communication device; receiving a mobile communication device identifier identifying the mobile communication device with the message; authenticating a transaction based on the PIN and the mobile communication device identifier; generating a transaction code if the transaction is authenticated; and returning the transaction code to the mobile communication device; receiving a transaction amount, a merchant identifier, and the transaction code from a merchant'"'"'s Point of Sale (POS) system; approving the transaction based on the merchant identifier, the transaction amount, and recognition of the transaction code, the approving including determining whether a user account associated with the transaction contains sufficient funds to cover the transaction amount; and
transmitting an approval code to the POS system when the transaction is approved. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28)
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Specification