Wireless mobile communicator for contactless payment on account read from removable card

Patent metadata

Field	Value
Publication number	US-9286606-B2
Application number	US-201414584984-A
Country	US
Kind code	B2
Filing date	Dec 29, 2014
Priority date	Aug 14, 2008
Publication date	Mar 15, 2016
Grant date	Mar 15, 2016

Abstract

A wireless mobile communications apparatus reads removable cards and can communicate an account corresponding to the removable card in order to conduct a wireless transaction with a merchant on the account with the wireless mobile communications apparatus. A total currency amount for the transaction, and remaining balance in the account after the transaction, can be displayed on a display screen of the wireless mobile communications apparatus. The removable card can be a gift card bearing a magnetic strip having an identifier for the account encoded thereto that will be read when inserted into the wireless mobile communications apparatus which can be a cellular telephone or Web enabled portable device. The magnetic strip gift card can be substantially composed of paper so as to be intended for disposable after use.

First claim

What is claimed is:

1. A processor-implemented proximity funds transfer method, comprising:
receiving, via a short range communication protocol, a request for funds transfer for a financial transaction including a total amount to be transferred;
installing, at a mobile device, previously received transfer account data associated with transfer accounts;
selecting, at the mobile device, at least one of the transfer accounts comprising the previously received transfer account data to be transferred for the total amount;
transmitting, via the short range communication protocol, the selected at least one transfer account for funds withdrawal for the total amount from the selected at least one transfer account; and
receiving a confirmation indicating issuer approval, by at least one issuer of the transfer accounts, of funds withdrawal from the at least one transfer account.

2. The method of claim 1 , wherein the selected at least one transfer account is selected from a list of the transfer accounts populating a consumer's mobile wallet.

3. The method of claim 1 , wherein the short range communication protocol includes Near Field Communications (NFC), Bluetooth, Wi-Fi, IrDA, Radio Frequency Identification (RFID) and a combination thereof.

4. The method of claim 1 , wherein installing comprises installing, at the mobile device, the previously received transfer account data associated with the transfer accounts via a short range communication capable device integrated into the mobile device accessible to the transfer accounts.

5. The method of claim 4 , wherein the transfer account data is transmitted to the short range communication capable device via the short range communication protocol including Near Field Communications (NFC), Bluetooth, Wi-Fi, IrDA, Radio Frequency Identification (RFID) and a combination thereof.

6. The method of claim 1 , wherein the confirmation is received via at least one of the short range communication protocols, email messages, short message service (SMS) messages and the like.

7. The method of claim 1 , wherein the funds transfer approval includes at least the amount to be transferred and the selected transfer account data comprising the issuer of the at least one transfer account.

8. A proximity funds transfer system comprising:
a memory;
a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to:
receive, via a short range communication protocol, a request for funds transfer for a financial transaction including a total amount to be transferred;
install, at a wireless device, previously received transfer account data associated with transfer accounts;
select, at the wireless device, at least one of the transfer accounts comprising the previously received transfer account data to be transferred for the total amount;
transmit, via the short range communication protocol, the selected at least one transfer account for funds withdrawal for the total amount from the selected at least one transfer account; and
receive a confirmation indicating issuer approval, by at least one issuer of the transfer accounts, of funds withdrawal from the at least one transfer account.

9. The system of claim 8 , wherein the at least one of the transfer accounts is read off of a data bearing card associated with the transfer accounts via a card reader.

10. The system of claim 8 , wherein data is transmitted via the short range communication protocol including Near Field Communications (NFC), Bluetooth, Wi-Fi, IrDA, Radio Frequency Identification (RFID) and a combination thereof.

11. The system of claim 8 , wherein the selected at least one transfer account is selected from a list of the transfer accounts populating a consumer's mobile wallet.

12. The system of claim 8 , wherein the processor installs, at the wireless device, the previously received transfer account data associated with the transfer accounts via an short range communication capable device integrated into the wireless device accessible to the transfer accounts.

13. The system of claim 12 , wherein the transfer account data is transmitted to the short range communication capable device via the short range communication protocol including Near Field Communications (NFC), Bluetooth, Wi-Fi, IrDA, Radio Frequency Identification (RFID) and a combination thereof.

14. A proximity funds transfer apparatus, comprising:
a memory;
a processor disposed in communication with said memory, and configured to issue a plurality of processing instructions stored in the memory, wherein the processor issues instructions to:
receive, via a short range communication protocol, a request for transfer for a financial transaction including a total amount to be transferred;
install, at a wireless device, previously received transfer account data associated with transfer accounts;
select, at the wireless device, at least one of the transfer accounts comprising the previously received transfer account data to be debited for the total amount;
transmit, via the short range communication protocol, the selected at least one transfer account for funds withdrawal for the total amount from the selected at least one transfer account; and
receive a confirmation indicating issuer approval, by at least one issuer of the transfer accounts, of funds transferred from the at least one transfer account.

15. The apparatus of claim 14 , wherein data is transmitted via the short range communication protocol including Near Field Communications (NFC), Bluetooth, Wi-Fi, IrDA, Radio Frequency Identification (RFID) and a combination thereof.

16. The apparatus of claim 14 , wherein the processor installs, at the wireless device, the previously received transfer account data associated with the transfer accounts via an NFC capable device integrated into the wireless device accessible to the transfer accounts.

17. The apparatus of claim 16 , wherein the transfer account data is transmitted to the short range communication capable device via the short range communication protocol including Near Field Communications (NFC), Bluetooth, Wi-Fi, IrDA, Radio Frequency Identification (RFID) and a combination thereof.

18. The apparatus of claim 14 , wherein the selected at least one transfer account is selected from a list of the transfer accounts populating a consumer's mobile wallet.

19. The apparatus of claim 14 , wherein the confirmation is received via at least one of the short range communication protocols, email messages, short message service (SMS) messages and the like.

20. The apparatus of claim 14 , wherein the at least one of the transfer accounts is read off of a data bearing card associated with the transfer accounts via a card reader.

Assignees

• Visa Usa Inc

Inventors

• Diamond Stephen

Classifications

• G06Q20/3278 Primary

  RFID or NFC payments by means of M-devices · CPC title

• G06Q20/347

  Passive cards · CPC title

• G06Q20/32

  using wireless devices · CPC title

• G06Q20/381

  Currency conversion · CPC title

• G06Q20/322

  Aspects of commerce using mobile devices [M-devices] · CPC title