System and method for controlling financial transactions over a wireless network
US7167711B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Dec 23, 1997 |
| Grant date | Jan 23, 2007 |
| Priority date | — |
| Expiry date | Dec 23, 2017 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04M2215/32
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for controlling financial transactions is disclosed. A customer, using a wireless device, identifies a point of sale and the amount of a transaction at that point of sale is first communicated to a central service and then transmitted to the wireless device for display at the wireless device. The customer can either accept the transaction amount to complete the transaction or reject the amount to cancel the transaction. The customer may have to enter a password or personal identification number to verify the authorization to use the wireless financial system. The customer is billed for the transaction via credit, debit, ATM or other methods, such as the wireless carrier or an internet provider.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.