PATENT CLAIM ANALYSIS

Application Number: 16251885
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 18):
A non-transitory computer readable storage medium comprising computer-executable instructions for execution by a mobile device used as a payment terminal, the mobile device being distinct from a dedicated payment terminal, the mobile device being configured to run a point of sale (POS) application and to operate a secure element, the mobile device comprising a central processing unit, a contactless interface comprising a Contactless Front End and a communication interface, the computer-executable instructions, upon execution, causing to execute:\n establishing, through the communication interface of the mobile device, a secured communication channel between the secure element and a remote server, the secured communication channel being based on encryption keys; sending, by a payment applet operated by the secure element, a request to enable a reader mode of the Contactless Front End; acquiring, by the secure element, via the contactless interface of the mobile device, data associated with a payment apparatus, at least a portion of the data associated with the payment apparatus being solely accessible by the secure element; sending over the secured communication channel, to the remote server, the at least a portion of the data associated with the payment apparatus so that a transaction may be processed; sending, by the payment applet, a request to deactivate the reader mode of the Contactless Front End; and closing the secured communication channel.

Metadata:
- Claim Count in Document: 50.0
- Percentile: 99.0
- Lexical Diversity: 2.56452
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['16251827', '15861963', '14371828', '14608138', '14474754']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1636227200335659
- 35 USC 102 Novelty (BERT): 0.5773221833368859
- Combined Prediction Score: 0.2049926663638979
- Mean Citation Score: 394.88184
- Max Citation Score: 523.8807400000002
- Similarity Product: 481.1575151364448

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

Dataset: test