US 2014/0279566 A1 · SECURE MOBILE PAYMENT USING MEDIA BINDING

Abstract

A method for mobile payment includes generating, by a financial institution, a unique credential based on user access information and media binding information that is cryptographically bound to media using a unique media identification. The financial institution stores the credential and media binding information in the form of authentication code in a memory used by an electronic device. The stored credential and media binding information is accessed using the user access information for a payment transaction. A digital certificate is generated using the credential and media binding information. The digital certificate is presented to the financial institution for the payment transaction. The memory is authenticated and binding of the credential to the memory is verified prior to completing the payment transaction.

Claims30

Dependent claims

A method for mobile payment, comprising:

generating, by a financial institution, a unique credential based on user access information and media binding information that is cryptographically bound to media using a unique media identification;
storing, by the financial institution, the credential and media binding information in the form of authentication code in a memory used by an electronic device;
accessing the stored credential and media binding information using the user access information for a payment transaction;
generating a digital certificate using the credential and the media binding information;
presenting the digital certificate to the financial institution for the payment transaction;
and
authenticating the memory and verifying binding of the credential to the memory prior to completing the payment transaction.

4 more elements

Dependencies are inferred from the claim text.

Secure mobile payment using media binding

Life of this patent

Secure mobile payment using media binding

Life of this patent

Abstract

Claims30