Patent ID: 11860988
Assignee: UNITED SERVICES AUTOMOBILE ASSOCIATION (USAA)
Field: Computer technology (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A method for a one-time authentication interaction to conduct electronic financial transactions, the method comprising:
performing an initial pairing between a mobile device and a wearable smart ring device using a short-range wireless communication technology;
during a subsequent interaction after the initial pairing, detecting, by the mobile device, that the wearable smart ring device is being worn by a user;
in response to detecting that the wearable smart ring device is being worn by the user, displaying an authentication option message on a display of the mobile device to provide the user with ability to authenticate the wearable smart ring device for conducting electronic financial transactions;
upon receiving, by the mobile device, a selection to decline the authentication option, permitting functionalities of the wearable smart ring device without the ability to conduct electronic financial transactions;
upon receiving, by the mobile device, a selection of the authentication option, receiving, by the mobile device, authentication information associated with the user;
comparing, by the mobile device, the received authentication information with stored authentication information associated with the user;
upon determining that the received authentication information matches the stored authentication information, authenticating the wearable smart ring device to conduct electronic financial transactions;
upon initiating an electronic financial transaction at a payment terminal using the wearable smart ring device, using another wearable device in the form of a smart watch worn by the user to confirm that the user intends to conduct the electronic financial transaction using the wearable smart ring device; and
upon detecting, by at least one biometric sensor of the wearable smart ring device, that the wearable smart ring device is removed from the finger of the user, de-authenticating the wearable smart ring device from conducting any electronic financial transactions.