US 7,407,094 B2 · Wireless payment method and systems

Abstract

A method for conducting a transaction is disclosed. The method includes using a first portable electronic device, and directly transmitting a request for payment to a second portable electronic device through a wireless link. Then, the second portable electronic device transmits an approval of the request for payment to the first portable electronic device. One of the first and the second portable electronic devices then sends the request for payment to a payment hub service. The payment hub service then facilitates the transfer of funds from a payer institution to a payee institution to complete the transaction.

Claims17

Dependent claims

A method for conducting a transaction comprising:

using a first portable electronic device, directly transmitting a request for payment to a second portable electronic device through a wireless link;
receiving approval of the request for payment at the first portable electronic device, wherein the approval is sent directly from the second portable electronic device to the first portable electronic device through the wireless link;
and then
sending the request for payment to a payment hub service.

1 more element

Dependencies are inferred from the claim text.

Facts

Application

11/519,276Filed 11 Sep 2006 · continuation

Priority

21 Jan 2005

Published

US 2007/0001001 A14 Jan 2007

Granted

5 Aug 2008

Term ends

Not estimatedThe source records don’t support an estimate.

Classification12 codes

G06Q 20/322
Using wireless devices: aspects of commerce using mobile devices [M-devices]
G06Q 20/027
Involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]: involving a payment switch or gateway
G06Q 20/085
Payment architectures: involving remote charge determination or related payment systems
G06Q 20/10
Payment architectures: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems

Family

Application11/040,640Parent of this continuation · filed 21 Jan 2005

US 2007/0001001 A1Pre-grant publication · published 4 Jan 2007

US 7,124,937 B2Parent of this continuation

US 2006/0163345 A1Published application

US 7,407,094 B2This patent

From the US filing history. Foreign family members aren’t listed.

Wireless payment method and systems

Life of this patent

Wireless payment method and systems

Life of this patent

Abstract

Claims17