System and method for using flexible circuitry in payment accessories

a payment accessory and flexible circuit technology, applied in the field of wearable rfid enabled payment devices, can solve the problems of increasing administrative and security issues, merchants often forget to verify the signature on the receipt, and merchants often forget to complete the transaction. card, while useful for completing financial transactions and highly portable, are often undesirable effects

Inactive Publication Date: 2013-12-12
AMERICAN EXPRESS TRAVEL RELATED SERVICES CO INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

The patent describes a device that can be used for radio-frequency identification (RFID) transactions. The device can be embedded in various items like bracelets, rings, and watches, and users can configure it for different uses and limitations. It can also have a flexible display and use fingerprint data to identify users. The device can be activated by inputting biometric data. The technical effect of this patent is to provide a convenient and customizable RFID transaction device that can be embedded in various items and used for limited purposes.

Problems solved by technology

The technical problem addressed in this patent text is the need for a system and method to increase the portability and distribution of control of a transaction instrument, which can allow authorized agents to make transactions on behalf of the account holder or with the approval of a rebursion provider. The current transaction cards are often undesirable due to the requirement for a carrier and the traditional method of issuing them to a single user.

Method used

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  • System and method for using flexible circuitry in payment accessories
  • System and method for using flexible circuitry in payment accessories
  • System and method for using flexible circuitry in payment accessories

Examples

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Embodiment Construction

[0024]The detailed description of various embodiments herein makes reference to the accompanying drawings and pictures, which show exemplary embodiments by way of illustration. While these exemplary embodiments are described in sufficient detail to enable those skilled in the art to practice the disclosure, it should be understood that other embodiments may be realized and that logical and mechanical changes may be made without departing from the spirit and scope of the disclosure. Thus, the detailed description herein is presented for purposes of illustration only and not of limitation. For example, the steps recited in any of the method or process descriptions may be executed in any order and are not limited to the order presented. Moreover, any of the functions or steps may be outsourced to or performed by one or more third parties. Furthermore, any reference to singular includes plural embodiments, and any reference to more than one component may include a singular embodiment.

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PUM

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Abstract

Systems and methods described herein may comprise RFID data acquisition technology which may be embedded in a fob or tag for use in completing financial transactions. This fob may a self-contained device which includes a transponder and which may be contained on any portable form factor and may comprise flexible circuitry. For instance, the fob may be housed in a wearable transaction instrument, such as a bracelet, ring, wrist band, retractable id, necklace, jewelry charm, lanyard, key ring fob, watch, band, pin, and/or the like. The fob is configured to be used in concert with an RFID reader device.

Description

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Claims

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Application Information

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Owner AMERICAN EXPRESS TRAVEL RELATED SERVICES CO INC
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