Using a secure element coupled to a mobile device as a POS terminal for processing mag stripe transactions

  • US 8,818,870 B2
  • Filed: 12/07/2012
  • Issued: 08/26/2014
  • Est. Priority Date: 11/30/2007
  • Status: Active Grant
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First Claim
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1. A method comprising:

  • receiving payment credentials at a secure element by using a secure element interface included in the secure element, the secure element including a secure element interface and a secure element mobile device connector, the secure element interface configured with a stripe to read payment credentials, the secure element mobile device connector configured for mechanical connection of the secure element to a mobile device through a slot provided for physical insertion of the secure element into the mobile device, the mobile device including a mobile device display, a mobile device processor, a mobile device memory, and a mobile device radio transceiver configured for voice and data communications; and

    transferring the payment credentials to the mobile device from the secure element, the mobile device running non-browser based mobile payment application that allows the mobile device to operate as a point-of-sale (POS) terminal, wherein the mobile payment application receives a request from a user to purchase an item and generates a payment authorization;

    sending a request to a remote server from the mobile payment application for a digital artifact for display within a specific mobile payment application generated screen, wherein the digital artifact is selected by the remote server based on correlating a user'"'"'s targeting parameters, the specific mobile payment application generated screen corresponding to a specific screen, scene, or real estate property;

    receiving, at the mobile payment application, the digital artifact from the remote server, the remote server authorizes payment for the item selected; and

    displaying, at the mobile payment application, the digital artifact within the specific mobile payment application generated screen.

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