Dual wearable device method and system for authenticating financial transactions
US12067100B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 7, 2023 |
| Grant date | Aug 20, 2024 |
| Priority date | — |
| Expiry date | Aug 7, 2043 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/425
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A dual wearable smart device system and a method of using the dual wearable smart device system for authenticating an electronic financial transaction are described. In one embodiment, a method for approving an electronic financial transaction using at least two wearable smart devices includes providing a first wearable smart device that is designated as a payment device for conducting electronic financial transactions. The method also includes providing a second wearable smart device that is designated as a confirmation device for confirming the electronic financial transactions by the first wearable smart device. The method includes initiating, by the first wearable smart device, an electronic financial transaction, and, approving, by the second wearable smart device, the electronic financial transaction initiated by the first wearable smart device. The method further includes authenticating the first wearable smart device to complete the electronic financial transaction.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.