Device, system and method for reducing an interaction time for a contactless transaction

US8770476B2 · kind B2 · utility

Assignee

• Visa International Service Association · US

Inventors

• Trudy Hill · Foster City, US
• Jagdeep Singh Sahota · Rodeo, US
• Christian Aabye · Foster City, US
• Kim R. Wagner · Sunnyvale, US
• Anita Ochieano · Menlo Park, US
• Carole Oppenlander · Pacifica, US
• William Chi Yuen Chan · Singapore, SG
• Craig Allen Glendenning · Melbourne, AU

Key dates

• Filing date: Jul 6, 2010
• Grant date: Jul 8, 2014
• Expiry date: Jul 6, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G07F7/1016
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method. The method comprises, at a reader, performing at least one transaction-based risk management process prior to energizing a contactless interface, initiating communication with a card utilized for the contactless transaction, receiving information associated with the card, and terminating communication with the card to authorizing the contactless transaction.