Wireless financial transaction systems and methods

US9311635B2 · kind B2 · utility

Assignee

• Diebold Self-Service Systems, Division of Diebold, Incorporated · US

Inventors

• Natarajan Ramachandran · Uniontown, US
• Ashok Modi · Canton, US
• Jeff Hill · Canton, US
• Ray Motz · Canton, US
• Klaus Steinbach · Canton, US

Key dates

• Filing date: Jan 21, 2014
• Grant date: Apr 12, 2016
• Expiry date: Aug 29, 2034

Classification

• Technology area (CPC G): Physics
• CPC primary: G07G1/0081
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system operates to carry out financial transfers in response to data read from data bearing records. A cell phone having a camera stores in memory indicia corresponding to account data from a plurality of magnetic stripe cards. A user can operate the phone to select one of the accounts stored in the memory. The memory further includes a scanned user-identifying written signature. The user can use the phone during an item purchase to wirelessly transmit each of an item's identifier captured by the camera, selected account data, and the user signature.