60 results about "Secured transaction" patented technology

Systems and methods for performing financial transactions are provided. In one embodiment, the invention provides for method for bank card transactions, including: reading the token information at the point of swipe for traditional and non-traditional POS platforms; performing a low-security task on the token information using a first microprocessor, wherein the non-security task includes one or more tasks from the group of encryption determination, encryption-decryption request, key management, token information delivery, or transactional data delivery; and performing a security-related task on the token information using a second microprocessor based on a request from the first microprocessor, wherein the security-related task includes one or more tasks from the group of token information authentication, token information decryption, or token information encryption. Formatting the encrypted information such that it is compatible with the format of the current POS system.

The present invention relates to a secured transaction system. In one embodiment, a mobile transaction processing agent system includes a communication module configured to receive a secured transaction description from a mobile client device or an encrypted transaction description from a point-of-sale (POS) device, wherein the secured transaction description is in the form of a bar code generated by the mobile client device, an authentication module configured to decode the secured transaction description and verify the secured transaction description is valid based on the mobile client device or the point-of-sale device, and a transaction processing module configured to process the transaction in accordance with the secured transaction description.

A method and system provides coded access to a transactional or other type of system by acquiring account identification data corresponding to a combination of a plurality of colors. The account identification data is transmitted to, for example, a remote server to correlate the account identification data against an account database to evaluate corresponding account information. Based on the account information, access to the transactional or other type of system may be controlled.

A control method and system provides coded access to a system by acquiring account identification data corresponding to a combination of a plurality of symbols. The account identification data is transmitted, for example to a remote server, to correlate the account identification data against an account database to evaluate corresponding account information. Based on the account information, access to the system may be controlled.

The present invention relates to a secured transaction system. In one embodiment, a point-of-sale (POS) system includes an input module configured to receive a transaction description from a mobile client device, an encryption engine configured to generate an encrypted transaction description using the transaction description from the mobile client device, and a communication module configured to transmit the encrypted transaction description for processing.

The present invention relates to a secured transaction system. In one embodiment, a mobile client device includes a user interface configured to enable a user to select a transaction type and collect a user pin number, a processor configured to generate a secured transaction description using the transaction type and the user pin number, wherein the secured transaction description includes issuer ID, account ID, merchant ID, password, transaction amount, and transaction time stamp, and the processor is further configured to transmit the secured transaction description to a mobile processing agent for processing, and receive a transaction record from the mobile transaction processing agent, and a memory configured to store the transaction record in the mobile client device.

A computer program product is provided as a system and associated method for use with a web browser and an Internet, to improve the access security to a secure web site and to protect the user from undesirable hacking. The system presents a novel, secure, implicit log-off procedure in addition to the conventional express log-off and cookie termination. The implicit log-off procedure reduces the risks resulting from transiting to an insecure site while remaining logged onto a secure site. The system is comprised of a secured transaction protection module implemented on a business server that includes a security/identification module and a local database; and a notification module which is implemented on the user's browser. The system tracks the user's access state to the server, and issues a termination command shortly as soon as the notification module detects migration to another site or to an insecure page on the same site.

The disclosed invention relates to an apparatus and method for making secured transactions. Such an apparatus may include a smart card device configured with a display for display a static or dynamic number for making a secured transaction. The display is configured to display a valid card number after the user's identify has been verified using a biometric verification process. The device may further comprise a programmable magnetic strip that is programmed with user data after the user's identify has been verified. The apparatus may further include a cloning process to allow a second device to perform secure transactions. One such second device is a smart module associated with a vehicle.

Consumers may utilize computing devices to assist in the purchase and/or loyalty process, and in particular, the consumer may utilize a PDA to facilitate the purchase and/or loyalty process. During the purchase and/or loyalty process, the consumer may need to insure that any content downloaded or used in association with the PDA is secure in how it is collected, assembled, and delivered to the PDA device. This system and method secures the data from its source to when it is actually viewed or used by the authorized user. The PDA may have direct access to an Internet web site portal that offers secure personal content from a content provider, such as, for example, an on-line banking or financial institution. Using the web site portal, the content provider may offer personal or confidential data, such as financial information, to PDA users in a secure (e.g., encrypted) environment. The exemplary system and method may establish a PDA portal link to the web site for collecting specified information for a user and transmitting the information to the remote device. To receive the information, the PDA contacts the portal and establishes a connection, authenticates itself to the network, and allows the user to complete secured transactions or transmissions over the network.

A method for verifying a consumer's identity in connection with a consumer/merchant transaction, including receiving a user-identifier from a user, receiving a unique device identifier from an electronic device associated with the user, associating the user-identifier and the unique device identifier of the user to a user account residing on a secured transaction server (“STS), the STS not operated by the merchant and including an identity verification agent. The method further includes receiving a consumer identity verification request at the STS, receiving a unique device identifier associated with an electronic device of the consumer at the STS, comparing, through the identity verification agent, the user's unique device identifier and the consumer's unique device identifier to determine at least one of a positive or negative user-identity verification, and then communicating to the merchant the at least one of the positive or negative user-identity verification.

A secured data transfer system (10) and method is disclosed in accordance with an embodiment of the invention that enables sensitive data to be securely exchanged from a user/client's mobile device (12), phone, personal digital assistant (PDA), or the like to a back-end host (28), flowing through many hops and points in an public network, for example the Internet and/or in applications such as service provider's wireless networks, without being exposed to any security gaps in between servers. The system and method provides a secure solution that plugs the gaps and ensures a true end-to-end, bank-grade secured transaction exchange between the user/client's mobile device (12) and the back-end host (28) and using caching method for network traffic data reduction techniques.

A secure network enabled device has a distinct security module and lacks a human user input interface. The security module is formed in an integrated circuit. The security module is initialized. Data is electronically communicated to and from the secure network enabled device via at least one transceiver. The security module is configured to test the integrity of a subset of the data communicated to the secure network enabled device, and the security module is configured to test the integrity of a transaction protocol, which governs the stream of data bits of the data communicated to the secure network enabled device.

Secure transaction card for execution of transactions by an authorized user. The secure transaction card has a biometric sensor, a battery, data transmission means, a microprocessor, a data storage device, and a security circuit. The microprocessor compares the scanned biometric feature with biometric data stored on the card. Upon determination of a match, the microprocessor energizes the security circuit, which then allows transmission of data to an external card reader. Data transmission is via a magnetic strip or RF technology. Upon determination of a mismatch, the security circuit remains de-energized and data transmission from or to an external reader is blocked.

A secure payment system provisions a payment transaction proxy with virtual EMV-type chipcards on secure backend servers. Users authorize the proxy in each transaction to make payments in the Cloud for them. The proxy carries out the job without exposing the cryptographic keys to risk. User, message, and/or device authentication in multifactor configurations are erected in realtime to validate each user's intent to permit the proxy to sign for a particular transaction on the user's behalf. Users are led through a series of steps by the proxy to validate their authenticity and intent, sometimes incrementally involving additional user devices and communications channels that were pre-registered. Authentication risk can be scored by the proxy, and high risk transactions that are identified are tasked by further incrementally linking in more user devices, communications channels, and user challenges to increase the number of security factors required to authenticate.

The invention discloses a bank quick credit granting system and a bank quick credit granting method. The system comprises a secured transaction platform, a bank auditing platform and a certification platform, wherein the secured transaction platform comprises an information acquisition module, a data checking module, a communication module; the information acquisition module is used for acquiring data of a credit side on line; the data checking module is used for comparing and checking the data of the credit side and industrial and commercial information, credit information and/or taxation information in a database of the certification platform; and the communication module is used for transmitting the successfully compared and checked data to the bank auditing platform and receiving loanable limit from the bank auditing platform. The bank auditing platform is used for auditing the data of the credit side, determining the loanable limit of the credit side according to the data after the auditing is passed and transmitting to the communication module. The certification platform comprises the database in which the industrial and commercial information, the credit information and/or the taxation information are stored. According to the system and the method, quick petty loan credit granting can be realized, large-area and low-cost payment service development is facilitated, and the risk can be reduced.

Systems and methods for facilitating secured loan transactions are provided. Drivers of a fleet of parcel delivery vehicles associated with a particular common carrier are used to pick up collateral from a borrower to secure a loan. A driver visits the borrower's address as part of executing parcel delivery transactions to pick up the collateral. The driver may verify the borrower's identity and the validity of the collateral when receiving the collateral. An indication of the receipt of the borrower's collateral is provided to a system accessible by a lending facilitator, such as via the driver's DIAD. The indication can be used by the peer-to-peer lending facilitator to determine a level of risk associated with entering into a loan transaction with the borrower and/or an interest rate for the loan. In some cases, the collateral is delivered to a third party escrow service.

Consumers may utilize computing devices to assist in the purchase and/or loyalty process, and in particular, the consumer may utilize a PDA to facilitate the purchase and/or loyalty process. During the purchase and/or loyalty process, the consumer may need to insure that any content downloaded or used in association with the PDA is secure in how it is collected, assembled, and delivered to the PDA device. This system and method secures the data from its source to when it is actually viewed or used by the authorized user. The PDA may have direct access to an Internet web site portal that offers secure personal content from a content provider, such as, for example, an on-line banking or financial institution. Using the web site portal, the content provider may offer personal or confidential data, such as financial information, to PDA users in a secure (e.g., encrypted) environment. The exemplary system and method may establish a PDA portal link to the web site for collecting specified information for a user and transmitting the information to the remote device. To receive the information, the PDA contacts the portal and establishes a connection, authenticates itself to the network and allows the user to complete secured transactions or transmissions over the network.

The invention provides a decentralized stored-value voucher management method and a decentralized stored-value voucher management system. The decentralized stored-value voucher management method is applied to user end equipment, and comprises the steps of: S1, initiating a secured transaction procedure to a third party platform for a predetermined transaction object, and generating a payment voucher; S2: completing a membership rights and interests negotiation between a merchant and the predetermined transaction object according to the payment voucher; S3, and generating a stored-value voucher, and completing membership transaction and generating a transaction record. The decentralized stored-value voucher management method and the decentralized stored-value voucher management system realize the decentralized management of the stored-value voucher, and realize the transfer purpose that a user can deal with the rights and interests corresponding to the stored-value voucher independently.

The present invention relates to a method to operate a contactless mobile device as a low cost secured point-of-sale, hereinafter POS device, said POS device having a non-secured operating system, a POS application installed in said non-secured operating system, an embedded secure element, a transaction proxy applet installed in said embedded secure element and a Contactless Front-End to contactless communicate with a customer mobile device having a secured transaction dedicated application.

Techniques for managing modules or applications installed in a mobile device are described. To provide authentic and secured transactions with another device, each of the installed applications is provisioned with a server through data communication capability in a mobile device. A provisioned application is associated with the personalized secure element in the mobile device and works with a set of keys that are generated in accordance with a set of keys from the personalized secure element. Further management of controlling an installed application is also described.