Patent ID: 8613390
Filing Date: 2013-12-24
Classification: G04G,G06K,G06Q,G07B,G07F,G07G,H04L,H04W

Abstract:
1. A method of conducting a financial transaction using a mobile wireless enabled device having a display, the financial transaction comprising wireless payment for at least one of goods or services, the method comprising: causing a wireless reader or interrogating device disposed at a point of sale for goods or services to, when the mobile wireless enabled device is placed in proximity thereto, interrogate a short range passive radio frequency device disposed on or in the mobile wireless enabled device at time of manufacture of the mobile wireless enabled device, the mobile wireless enabled device having been previously encoded after its manufacture with information specific to a user of the device, the information including information relating to at least one of an existing credit or debit or prepaid account associated with the user, the interrogation further causing the mobile wireless enabled device to instantiate at least one graphical user interface element on the display useful for enabling the user to take one or more actions relating to the financial transaction; receiving at the wireless reader or interrogating device at least one data transmission from the passive radio frequency device, the transmission instigated at least in part by electromagnetic energy radiated by the reader or interrogating device interrogation, the at least one data transmission comprising at least a portion of the information relating to the existing payment account associated with the user; and utilizing the at least portion of the information relating to the existing payment account to conduct a payment transaction for at least one of the goods or services from the at least one existing account; wherein the mobile wireless enabled device having been encoded with the information relating to the existing payment account obviates the user from having to carry at least one other currency or payment source to complete the financial transaction.