SYSTEMS AND METHODS FOR SECURE WIRELESS FINANCIAL TRANSACTIONS

There are provided systems and methods for conducting secure wireless financial transactions using portable electronic devices. For example, a method of conducting a wireless transaction is provided that includes taking a picture of a first QR code displayed on a transaction terminal using a camera...

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Bibliographic Details
Main Authors MAYO SEAN A, LIN GLORIA, ROSENBLATT MICHAEL, NAKAJIMA TAIDO L
Format Patent
LanguageEnglish
Published 21.07.2016
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC DIGITAL DATA PROCESSING
HANDLING RECORD CARRIERS
PHYSICS
PRESENTATION OF DATA
RECOGNITION OF DATA
RECORD CARRIERS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:There are provided systems and methods for conducting secure wireless financial transactions using portable electronic devices. For example, a method of conducting a wireless transaction is provided that includes taking a picture of a first QR code displayed on a transaction terminal using a camera of a portable electronic device. The method also includes sending data from the portable electronic device to the transaction terminal to conduct the financial transaction with the transaction terminal using a near field communication channel or another wireless communication channel, or both. This data is derived from the first QR code to enable the transaction terminal to verify that the portable electronic device is physically located near the transaction terminal.
Bibliography:Application Number: US201113251097