Patent ID: 11861591
Assignee: CAPITAL ONE SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G  H | IPC G  H

Claim 14:
15. A wearable transaction device, comprising:
a housing having a front surface, a rear surface, and a side surface;
a fastener component;
the fastener component being adapted to attach the wearable transaction device to a user or an item of the user; and
an electronic chip secured within the housing,
the electronic chip configured to:
receive, from a user device and via a connection with the user device, security information for placing the wearable transaction device in a payment mode or a non-payment mode,
the payment mode allowing the wearable transaction device to be used to perform a transaction independent of communication with the user device, and
the non-payment mode preventing the wearable transaction device from being used to perform the transaction until the wearable transaction device is re-paired with the user device,

terminate the connection with the user device;
receive transaction information; and
determine, based on the security information and the transaction information, whether to transition the wearable transaction device into the payment mode or non-payment mode.