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

US9330386B2 · 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: May 15, 2014
• Grant date: May 3, 2016
• Expiry date: Jun 1, 2034

Classification

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

Abstract

A method comprising, 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 a contactless transaction, receiving information associated with the card, terminating communication with the card, and authorizing the contactless transaction.