System and method of managing contactless payment transactions using a mobile communication device as a stored value device

US8073424B2 · kind B2 · utility

Assignee

• MACRONIX INTERNATIONAL CO., LTD. · TW

Inventors

• Albert Sun · Taipei, TW
• Pao-Chieh An · Taipei, TW
• Ying-Che Lo · Tainan, TW
• Chee-Horng Lee · Hsinchu, TW

Key dates

• Filing date: May 24, 2007
• Grant date: Dec 6, 2011
• Expiry date: Aug 9, 2029

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04M2215/0196
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method handling payment transactions in a system using mobile communication devices as stored value devices is disclosed. A transaction operations server receives multiple records of the transaction from the stored value device—one via a communication channel through the telecommunication provider network, and another via an independent communication channel. The records are reconciled at the transaction server for transaction verification.