Method of conducting an EMV payment process using IRFM
US7664702B2 · kind B2 · utility
4Cited by
4References
18Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Oct 28, 2002 |
| Grant date | Feb 16, 2010 |
| Priority date | — |
| Expiry date | Oct 24, 2024 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention relates to a method of conducting an EMV (Europay Master Visa) payment process optimally using IrFM (Infrared Financial Messaging) between a mobile terminal and a POS (Point Of Sale) terminal. In the present method, if a buyer is authenticated based on information written in a card chip installed in a mobile terminal, information for transaction approval is transmitted to a POS terminal, and if an approval is responded from the POS terminal, a digital receipt for this transaction is transmitted to the POS terminal. Then, if transaction end is requested from the POS terminal, a connected session is released.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.