Proxy device for representing multiple credentials

US10846700B2 · kind B2 · utility

Assignee

• VERRENCY HOLDINGS LTD. · SG

Inventors

• Geoffrey Ian Cairns · Redmond, US
• Kenneth G. Mages · Chicago, US
• Jan Drake · Seattle, US
• Daniel J. MacDonald · East Amherst, US
• Scott Charles Baisch · Sammamish, US
• Alex Benjamin Engelberg · Everett, US
• Paul Murray · Cheltenham, GB
• Alan J. Morgan · Chicago, US

Key dates

• Filing date: Aug 24, 2016
• Grant date: Nov 24, 2020
• Expiry date: Dec 27, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/405
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Payment devices and the systems and methods for securely managing financial transactions using the payment devices are provided. In one implementation, a portable proxy device comprises a memory configured to store a plurality of credentials. Each of the plurality of credentials pertains to one of a financial credential, an identification credential, or contractual credential. The portable proxy device also includes at least one interface, wherein each of the at least one interface is configured to communicate one of the plurality of credentials to an external device to complete one of a financial function, identification function, or contractual function.