Micropayment financial transaction process utilizing wireless network processing

US7127236B2 · kind B2 · utility

Assignee

• Vivotech, Inc. · US

Inventors

• Mohammad Khan · San Jose, US
• Jorge M. Fernandes · San Francisco, US
• Kerry D. Brown · Portola Valley, US

Key dates

• Filing date: Dec 18, 2002
• Grant date: Oct 24, 2006
• Expiry date: Jul 11, 2023

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F7/0893
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A MicroAdapter device enables payment transactions to be effected through a purchaser's personal trusted device (PTD) without relying upon tokens or prepayment cards. In one embodiment, the MicroAdapter includes a transceiver configured to receive a purchase signal from the PTD including order and payment information. In response, the MicroAdapter communicates via wireless telephony with a transaction authorizer to receive authorization for effectuating the purchase transaction. The MicroAdapter may be particularly suited to effectuate micropayment transactions authorized by a Billing On Behalf of Others (BOBO) program administered through a wireless carrier/ISP or third party.