Proximity-Based Mobile Payment Authentication via Listening Mode
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Solution Overview
Problem
Current mobile device payment systems lack efficient and secure methods for proximity-based person-to-person transactions, which can lead to unauthorized or fraudulent payments.
Innovation Solution
A method and system for proximity-based mobile device person-to-person payments involving a payment recipient and sender application that enables wireless communication of payment information, including tokenized transactions, verification of payment amounts, and authentication to prevent unauthorized transactions.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If mobile device payment systems are implemented without proximity-based authentication, then payment convenience is improved, but security and risk of fraudulent payments deteriorate
Solution Approach 1:
The system performs preliminary actions by establishing a secure communication channel and verifying device identity before the actual payment transaction occurs. The sender device authenticates the recipient device in advance, ensuring that only authorized devices can receive payments, thus preventing fraudulent transactions while maintaining convenience.
Solution Approach 2:
The system introduces an intermediary verification mechanism where the sender device acts as a mediator between the payment initiation and execution. This intermediary layer verifies the recipient device's authenticity and establishes secure communication parameters before allowing the payment to proceed, thereby enhancing security without complicating the user experience.
2Reliability
If proximity-based authentication is added to mobile payment systems, then security against fraudulent payments is improved, but device complexity and operation steps deteriorate
Solution Approach 1:
The authentication mechanism operates on a self-service basis where the recipient device automatically proves its identity and authorization status to the sender device without requiring manual intervention. The system handles device verification, communication channel establishment, and payment processing autonomously, reducing operational complexity while maintaining high security standards.
3Reliability
If manual verification of payment amounts is required, then fraud prevention is improved, but transaction time and efficiency deteriorate
Solution Approach 1:
The system implements automated feedback mechanisms where the sender device receives real-time confirmation of the payment amount and transaction status from the recipient device. This automated feedback loop eliminates the need for manual verification while providing immediate fraud detection capabilities, significantly reducing transaction processing time without compromising security.
Data Source
AI summary
System and methods for proximity-based mobile device person-to-person payments are disclosed. In one embodiment, a method for proximity-based mobile device person-to-person payments may include: (1) receiving, at a payment recipient computer application executed on a payment receiving mobile device, a requested payment amount for a payment from a payment recipient from a payment sender; (2) causing, by the payment recipient computer application, the payment receiving mobile device to enter a listening mode; (3) receiving, by the payment recipient computer application, a communication from a payment sender computer application executed by a payment sending mobile device; (4) wirelessly communicating, by the payment recipient computer application, the requested payment amount to the payment sender computer application; (5) wirelessly receiving, by the payment recipient computer application and from the payment sender computer application, payment information; and (6) executing, by the payment recipient computer application, the payment using the payment information.