Method for replacing traditional payment and identity management systems and components to provide additional security and a system implementing said method
US10269010B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 31, 2016 |
| Grant date | Apr 23, 2019 |
| Priority date | — |
| Expiry date | Oct 12, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/357
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An electronic wallet system that protects payment accounts, identification and other personal information found within a typical wallet with a secure electronic vault (first) device that can be part of a physical wallet, insert to a wallet, or in other embodiments, wearable/portable devices. A unique biometrically enabled multi-factor authentication process ensures only owners of the information can copy the information to the device or retrieve it thereafter. Authenticated users may then select payment, identification, medical or virtually any private information via touch display or voice command on the vault or on another (second) device that operates in conjunction with the vault. The second device comprises, for example, a programmable card with dynamic magnetic stripe, cell phone, or other wearable technology, that initiates and processes a payment and/or transfer of private information.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.