Mobile device for making a mobile payment
a mobile device and payment technology, applied in the field of mobile devices for making payments, can solve the problems of not being usable for any other function, not being able to achieve any other function, and each of the foregoing types of cards is limited to its particular purpose, and achieves the effect of simplifying sales transactions
Inactive Publication Date: 2016-09-01
GOFIGURE PAYMENTS
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Benefits of technology
The object of this patent is to make it easier to make sales and use wireless devices for more applications.
Problems solved by technology
While each of the foregoing types of electronic cash, debit, and credit products are useful for their intended purposes, each has drawbacks.
Additionally, each of the foregoing types of cards is limited to its particular purpose, and is not usable for any other function.
In spite of the widespread use and popularity of cellular telephones, pagers, and hand held computers, these products have not previously been used for making financial transactions and, particularly, for transacting sales at merchants point of sale terminals.
In this regard, conventional point of sale terminals are not equipped to communicate with a wireless communication device.
The inventions disclosed in the foregoing patents have not gained widespread popularity, primarily due to the fact that Smart Cards themselves have not gained overwhelming popularity.
These proposals, however, are directed at permitting the user of a cellular telephone to browse the Internet for information, but do not address the need to make financial transactions utilizing the cellular telephone.
Again, these proposals do not address using the cellular telephone to make sales transactions.
Method used
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[0051]The invention, described now with reference to the figures, is directed to a method, system and device for performing financial transactions, via a communications link, with a portable communications device. Each embodiment of the invention involves utilizing a wireless communications device, such as a wireless, hand held, or mobile telephone, an electronic pager, or a personal hand held computer for performing financial transactions, and particularly sales transactions, at transaction or point of sale terminals.
[0052]With reference initially to FIG. 1, a system of the present invention is illustrated generally by reference numeral 10. System 10 has a wireless communications device 12, a terminal, such as a transaction or point of sale terminal 14, and a central processing facility 16. In accordance with the invention, the central processing facility 16 is located remotely from the point of sale terminal. Additionally, for clarity, FIG. 1 has been simplified to show only the p...
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A system and method for enabling a payment includes a mobile wireless communications device having voice and data functionality and a payments system. The system enables a payment to be made by a user of the mobile wireless communications device to a party with which the user is in voice communication via the wireless communication link over which the voice communication is made. The voice communication link may be a wireless Voice-over-IP (VoIP) communications link.
Description
CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This application claims priority on provisional application Ser. No. 60 / 147,987, filed Aug. 10, 1999.BACKGROUND OF THE INVENTION[0002]1. Field of the Invention[0003]The present invention is directed to a system, method and device for performing transactions, such as financial transactions, via a communications link. More particularly, the present invention is directed to a system, method and device for performing financial transactions, such as sales transactions at a point of sale terminal, via a wireless communications link Still more specifically, the present invention is directed to utilization of a hand held electronic device, such as a cellular telephone, a pager, or a hand held personal computer, for performing financial transactions and, particularly, sales transactions via a wireless communications link.[0004]2. Description of the Related Art[0005]The popularity of cashless transactions is widespread. In this regard, a substantia...
Claims
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IPC IPC(8): G06Q20/32G06Q20/10G06Q20/20
CPCG06Q20/3224G06Q20/10G06Q20/202G06Q20/20G06Q20/204G06Q20/327G06Q20/352G06Q20/306G07F7/088
Inventor ROLF, DEVON A.
Owner GOFIGURE PAYMENTS