Mobile device transaction processing system and method using LoRaWAN communications

US12141780B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Prashant Anna Bidkar · Delhi, IN
• Ankit Upadhyaya · Sindhar, IN
• Prashant Khare · Ashti, IN
• Suman Boroi Tamuly · Dudhnai, IN
• Harmeet Singh · Simsbury, US
• Bharat Indrakanti · Hyderabad, IN

Key dates

• Filing date: Sep 7, 2022
• Grant date: Nov 12, 2024
• Expiry date: Sep 24, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/389
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Transactions may be performed using a mobile device such as a user-wearable device using LoRaWAN protocol to minimize power consumption while maximizing communication range. Transaction information may be stored in the user-wearable device and transmitted to a transaction processing device using LoRaWAN communications. Transaction information may include user-specific information, payment information, merchant information, product information, user preference information and the like. In some instances, the only communication interface (or wireless communication interface) provided in the mobile device is a LoRaWAN communication interface.