System and method for controlling financial transactions over a wireless network

• US 8,280,402 B2
• Filed: 05/03/2010
• Issued: 10/02/2012
• Est. Priority Date: 12/23/1997
• Status: Expired due to Fees

• Current Assignee: Unwired Planet LLC (JP Morgan Chase & Co)
• Original Assignee: Great Elm Capital Corp. (f/k/a Unwired Planet, Inc.) (JP Morgan Chase & Co)
• Inventors: Dennis, Charles L.
• Primary Examiner(s): Rudy, Andrew Joseph
• Application Number:
  US12/772,422
• Publication Number:
  US 20100211470A1
• Time in Patent Office: 883 Days
• Field of Search: 235/375, 235/383, 235/376, 340/7.27, 340/7.29, 379/144.01, 379/201.01, 455406-408, 455/410, 455/414.1, 455/414.2, 455/419, 4554561-4566, 705/556.1, 705/21, 705/26.1, 705/35, 705/39, 705/65, 705/67, 713/168, 713/169, 713/182, 713/186
• US Class Current: 455/456.1
• 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 for controlling transactions using a wireless device in a wireless network comprising:

transmitting, using a system comprising a wireless network mobile switching center and a financial gateway, a plurality of point-of-sale locations to a wireless device to be displayed to a user via one or more menus on the wireless device, the menus listing at least one point-of-sale location based upon a current location of the wireless device;

receiving, at said system, from the wireless device, a particular point-of-sale location selected by the user for a desired transaction;

obtaining, using said system, transaction amounts for one or more transactions at said particular point-of-sale location;

correlating, using said system, one of said transaction amounts with the user'"'"'s desired transaction;

transmitting, using said system, the correlated transaction amount to the wireless device for display to the user; and

charging, using said system, the correlated transaction amount to a source of funds identified by the user to allow completion of the desired transaction.

2. The method of claim 1 further comprising:

receiving, at said system, approval of said transaction amount from the user via the wireless device.

3. The method of claim 1 wherein the user identifies potential sources of funds before the desired transaction occurs by configuring a user profile.

4. The method of claim 1 wherein a source of funds that is to be used for a particular transaction is selected from the user profile by the user during the transaction.