Invention Grant
- Patent Title: Mobile merchant proximity solution for financial transactions
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Application No.: US14475485Application Date: 2014-09-02
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Publication No.: US10089607B2Publication Date: 2018-10-02
- Inventor: Mehdi Ziat , Kyle A. Diebolt
- Applicant: Apple Inc.
- Applicant Address: US CA Cupertino
- Assignee: Apple Inc.
- Current Assignee: Apple Inc.
- Current Assignee Address: US CA Cupertino
- Agency: Sterne, Kessler, Goldstein & Fox, PLLC
- Main IPC: G06Q20/02
- IPC: G06Q20/02 ; G06Q20/22 ; G06Q20/32 ; G06Q20/38 ; G06Q20/40

Abstract:
In order to facilitate conducting a financial transaction via wireless communication between an electronic device (such as a smartphone) and another electronic device (such as another smartphone), a secure element in the electronic device may generate, using an encryption key associated with the secure element, a signed blob based on a transaction amount and a merchant identifier. Then, the electronic device communicates connection information between the electronic device and the other electronic device. Moreover, the electronic device may establish a connection between the electronic device and the other electronic device based on the connection information, and may concurrently provide the signed blob to the other electronic device. After receiving a signed transaction blob from the other electronic device using the connection (which includes information needed to conduct the financial transaction), the electronic device provides the information to a server to conduct the financial transaction.
Public/Granted literature
- US20160063490A1 MOBILE-MERCHANT PROXIMITY SOLUTION FOR FINANCIAL TRANSACTIONS Public/Granted day:2016-03-03
Information query