Wireless payment method and systems

• US 8,567,671 B2
• Filed: 05/02/2012
• Issued: 10/29/2013
• Est. Priority Date: 01/21/2005
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Myers, Joan, Garrison, Sara, Carlson, Mark
• Primary Examiner(s): LE, THIEN MINH
• Application Number:
  US13/462,745
• Publication Number:
  US 20120239575A1
• Time in Patent Office: 545 Days
• Field of Search: 235/380, 235/381, 235/382, 235/493, 235/486, 705/40, 705/26, 705/44, 705/67
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method for conducting a transaction is disclosed. The method includes using a first portable electronic device, and directly transmitting a request for payment to a second portable electronic device through a wireless link. Then, the second portable electronic device transmits an approval of the request for payment to the first portable electronic device. One of the first and the second portable electronic devices then sends the request for payment to a payment hub service. The payment hub service then facilitates the transfer of funds from a payer institution to a payee institution to complete the transaction.

Claims

1. A method for conducting a transaction comprising:

using a first portable electronic device, establishing the identity of a second portable electronic device using credentials present in the second portable electronic device, wherein the credentials comprise a digital certificate;

transmitting a request for payment to a second portable electronic device after establishing the identity of the second portable consumer device;

receiving approval of the request for payment at the first portable electronic device; and

sending at least a portion of the request for payment to a payment processor.

2. The method of claim 1, wherein the establishing of the identity of the second portable electronic device is conducted without authentication to an intermediary server.

3. The method of claim 2, wherein establishing the identity of the second portable electronic device uses an infrared link.

4. The method of claim 2, wherein establishing the identity of the second portable electronic device uses an RF link.

5. The method of claim 2, wherein establishing the identity of the second portable electronic device uses an optical link.

6. The method of claim 1, wherein the payment processor is a payment hub service, credit card processing organization, or a financial institution.

7. The method of claim 1, wherein the request for payment further comprises the currency being used.

8. The method of claim 1 wherein the request for payment further comprises role information.

9. The method of claim 2, wherein the identity of the second portable electronic device is established before receiving approval of the request for payment.

10. The method of claim 2, wherein the request for payment comprises a first payment method, wherein the approval of the request for payment comprises a second payment method, wherein the payment processor is configured to broker between the first payment method and the second payment method.

11. A computer-readable medium, executable by a processor for performing the method comprising the steps of:

using a first portable electronic device, establishing the identity of a second portable electronic device using credentials present in the second portable electronic device, wherein the credentials comprise a digital certificate;

transmitting a request for payment to a second portable electronic device after establishing the identity of the second portable consumer device;

receiving approval of the request for payment at the first portable electronic device; and

sending at least a portion of the request for payment to a payment processor.

12. The computer-readable medium of claim 11, wherein the establishing of the identity of the second portable electronic device is conducted without authentication to an intermediary server.

13. The computer-readable medium of claim 12, wherein establishing the identity of the second portable electronic device uses an infrared link.

14. The computer-readable medium of claim 12, wherein establishing the identity of the second portable electronic device uses an RF link.

15. The computer-readable medium of claim 12, wherein establishing the identity of the second portable electronic device uses an optical link.

16. The computer-readable medium of claim 11, wherein the payment processor is a payment hub service, credit card processing organization, or a financial institution.

17. The computer-readable medium of claim 11, wherein the request for payment further comprises the currency being used.

18. The computer-readable medium of claim 11, wherein the request for payment further comprises role information.