PatentsDB

Methods and devices for conducting payment transactions

US11488151B2 · US · B2

Patent metadata
FieldValue
Publication numberUS-11488151-B2
Application numberUS-201515316984-A
CountryUS
Kind codeB2
Filing dateJun 12, 2015
Priority dateJun 13, 2014
Publication dateNov 1, 2022
Grant dateNov 1, 2022

How to read this patent

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  1. Title

    What the patent document calls the invention.

  2. Abstract

    A short plain-language summary of the technical disclosure.

  3. Assignees and inventors

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  4. Key dates

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  5. First independent claim

    The legal scope of protection — read this for what is actually claimed.

  6. CPC / IPC classifications

    Technology tags used to group this patent with similar filings.

  7. Citations and related patents

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Abstract

Official abstract text for this publication.

Methods and devices for of conducting a payment transaction between a mobile terminal and a payment terminal in communication with a payment backend system involve: (a) sending a unique mobile terminal identifier from the mobile terminal to the payment backend system; (b) returning a cryptogram from the payment backend system to the mobile terminal, wherein the cryptogram comprises a unique transaction identifier in encrypted form; (c) transforming the cryptogram into a proximity payment token such that the proximity payment token contains the unique transaction identifier in encrypted form and transmitting the proximity payment token to the payment terminal via a proximity communication channel; (d) forwarding a transaction record including the unique transaction identifier in encrypted form and the amount of the payment transaction from the payment terminal to the payment backend system; and (e) decrypting the unique transaction data identifier in encrypted form and processing the payment transaction.

First claim

Opening claim text (preview).

The invention claimed is: 1. Method of conducting a payment transaction between a mobile terminal and a payment terminal in communication with a payment backend system, wherein the method comprises the following steps: (a) the mobile terminal initiating a transaction by sending a mobile terminal identifier directly from the mobile terminal to the payment backend system without an intermediary; (b) the payment backend system creating a cryptogram comprising a transaction identifi…

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Frequently asked questions

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What does patent US11488151B2 cover?
Methods and devices for of conducting a payment transaction between a mobile terminal and a payment terminal in communication with a payment backend system involve: (a) sending a unique mobile terminal identifier from the mobile terminal to the payment backend system; (b) returning a cryptogram from the payment backend system to the mobile terminal, wherein the cryptogram comprises a unique tra…
Who is the assignee on this patent?
Giesecke & Devrient Gmbh, Giesecke & Devrient Mobile Security Gmbh
What technology area does this patent fall under?
Primary CPC classification G06Q20/327. Mapped technology areas include Physics.
When was this patent published?
Publication date Tue Nov 01 2022 00:00:00 GMT+0000 (Coordinated Universal Time) (B2). Legal status and post-grant events are not shown on this page.
What related patents are in patentsdb?
We list 2 related publications on this page (citations in our corpus or others sharing the same primary CPC).