Systems and methods for performing payment transactions

Patent metadata

Field	Value
Publication number	US-2022019993-A1
Application number	US-202117246342-A
Country	US
Kind code	A1
Filing date	Apr 30, 2021
Priority date	Jul 16, 2020
Publication date	Jan 20, 2022
Grant date	—

Abstract

A wearable payment device, such as a finger ring worn by a user, communicates payment data to a payment reader that uses the payment data in order to request a payment transaction. Such wearable payment device may be conveniently carried by and accessible to the user such that utilization of the payment device for the payment transaction is less burdensome for the user, thereby encouraging use of the payment device for payments. Indeed, in some cases, such as when the payment device is implemented as a finger ring or other type of jewelry, the user may be encouraged to carry the payment device in an exposed manner such that it is readily available for the payment transaction without the user having to search in a wallet, pocket, or purse.

First claim

What is claimed is:

1 . A wearable payment device for processing payment transactions, comprising:
a ring for receiving a body part of a user, the ring having an antenna; and electrical circuitry coupled to the ring and configured to transmit payment data for a payment transaction via the antenna, the electrical circuitry further configured to sense motion of the ring or a physiological parameter of the user and to interpret the motion or the physiological parameter as an input for the payment transaction, wherein the electrical circuitry is configured to enable the payment transaction based on the input, wherein the motion is indicative of a predefined hand gesture by the user or removal of the ring from the body part, and wherein the physiological parameter is unique to the user.

2 . A wearable payment device for processing payment transactions, comprising:
a ring for receiving a body part of a user, the ring having an antenna; and electrical circuitry coupled to the ring and configured to transmit payment data for a payment transaction via the antenna, the electrical circuitry further configured to sense motion of the ring or a physiological parameter of the user and to interpret the motion or the physiological parameter as an input for the payment transaction, wherein the electrical circuitry is configured to process the payment transaction based on the input.

3 . The wearable payment device of claim 2 , wherein the electrical circuitry comprises a sensor for sensing the motion, and wherein the electrical circuitry is configured to interpret the motion as the input for the payment transaction.

4 . The wearable payment device of claim 3 , wherein the electrical circuitry is configured to define a payment amount for the payment transaction based on the input.

5 . The wearable payment device of claim 3 , wherein the sensed motion is in response to the user removing the ring from the body part.

6 . The wearable payment device of claim 2 , wherein the physiological parameter is a pulse of the user, wherein the electrical circuitry comprises a sensor for sensing the pulse, and wherein the electrical circuitry is configured to interpret the pulse as the input for the payment transaction.

7 . The wearable payment device of claim 6 , wherein the electrical circuitry is configured to authenticate the user for the payment transaction based on the pulse.

8 . The wearable payment device of claim 2 , wherein the electrical circuitry is configured to authenticate the user for the payment transaction based on the input.

9 . The wearable payment device of claim 2 , wherein the electrical circuitry is configured to identify a hand gesture of the user based on the motion and to determine the input based on the identified hand gesture.

10 . The wearable payment device of claim 2 , wherein the electrical circuitry is configured to receive an input indicative of initiation of the financial transaction, wherein the electrical circuitry is configured to determine whether the motion or the physiological parameter is sensed within a predefined time window of the input indicative of the initiation of the financial transaction, and wherein the electrical circuitry is configured to process the financial transaction based on whether the motion or the physiological parameter is sensed within the predefined time window.

11 . The wearable payment device of claim 10 , wherein the input indicative of the initiation of the financial transaction is a tap of the ring on a payment reader by the user.

12 . A method for use with a wearable payment device, comprising:
transmitting payment data for a payment transaction via an antenna of a wearable payment device, the wearable payment device forming a ring for receiving a body part of a user; sensing motion of the ring or a physiological parameter of the user with electrical circuitry coupled to the ring; interpreting, with the electrical circuitry, the motion or the physiological parameter as an input for the payment transaction; and processing the payment transaction based on the input with the electrical circuitry.

13 . The method of claim 12 , wherein the interpreting comprises interpreting the motion as the input for the payment transaction.

14 . The method of claim 13 , wherein the processing comprises defining a payment amount for the payment transaction based on the input.

15 . The method of claim 13 , wherein the sensed motion is in response to the user removing the ring from the body part.

16 . The method of claim 12 , wherein the physiological parameter is a pulse of the user, and wherein the interpreting comprises interpreting the pulse as the input for the payment transaction.

17 . The method of claim 12 , wherein the processing comprises authenticating the user for the payment transaction based on the input.

18 . The method of claim 12 , wherein the interpreting comprises identifying a hand gesture of the user based on the motion.

19 . The method of claim 12 , further comprising receiving, with the electrical circuitry, an input indicative of initiation of the financial transaction, wherein the interpreting comprises determining whether the motion or the physiological parameter is sensed within a predefined time window of the receiving, and wherein the processing is based on the determining.

20 . The method of claim 12 , further comprising receiving, with the electrical circuitry, at least one input indicative of initiation of the financial transaction, and wherein the processing comprises enabling the financial transaction based on a timing of the sensing relative to the receiving.

Assignees

• Square Inc

Inventors

• Rezayee Afshin
• Bidari Emad
• Templeton Thomas
• Lamfalusi Michael
• Maibach Matthew H
• Dorogusker Jesse L

Classifications

• H04B5/45

  Transponders · CPC title

• H04B5/70

  specially adapted for specific purposes · CPC title

• H04B5/26

  using coils · CPC title

• H01Q1/273

  Adaptation for carrying or wearing by persons or animals · CPC title

• G07F7/0806

  Details of the card (record carriers per se G06K) · CPC title