PATENT CLAIM ANALYSIS

Application Number: 16251827
Application Type: Utility
Filing Date: 2019-01
Publication Date: 2019-05
Patent Classification: ["705", "041000"]

Abstract:
A device and a secure element for conducting a secured financial transaction are disclosed. The device comprises a central processing unit; a communication interface for establishing a communication between the device and a financial institution related to a financial account; an interface for acquiring data relating to the financial account; the secure element for processing at least a portion of the data relating to the financial account acquired by the interface; and control logic for acquiring a purchase amount to be debited from the financial account and for obtaining a transaction authorization from the financial institution related to the financial account, the transaction authorization being based, at least partially, on data processed solely by the secure element independently of data processed by the central processing unit. A method of conducting the secured financial transaction, and a computer program product for execution by the secure element are also disclosed.

Claim (Index 5):
The method of  claim 1 , wherein acquiring, by the secure element, via the contactless interface of the mobile device, the data associated with the payment apparatus further comprises:\n retrieving, by the payment control application, a Personal Identification Number (PIN); receiving, by the secure element, the PIN; and validating the payment credentials based on the PIN.

Metadata:
- Claim Count in Document: 50.0
- Percentile: 99.0
- Lexical Diversity: 2.56452
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['16251885', '15861963', '14371828', '14608138', '12898976']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1370210995499915
- 35 USC 102 Novelty (BERT): 0.594833614104354
- Combined Prediction Score: 0.1828023510054277
- Mean Citation Score: 402.215386
- Max Citation Score: 531.06775
- Similarity Product: 435.2456474398674

Labels:
- Claim Label 101: 1
- Claim Label 102: 0
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 0
- Label 101 Adjusted: 1

Dataset: test