Wireless financial transaction systems and methods
View Patent ↗A system operates to carry out financial transfers in response to data read from data bearing records. A cell phone having a camera stores in memory indicia corresponding to account data from a plurality of magnetic stripe cards. A user can operate the phone to select one of the accounts stored in the memory. The memory further includes a scanned user-identifying written signature. The user can use the phone during an item purchase to wirelessly transmit each of an item's identifier captured by the camera, selected account data, and the user signature.
1. A method comprising:
(a) operating at least one customer data receiving device during a financial transaction requiring customer account information, to wirelessly receive customer-identifying electronic signature data provided by a customer through a portable wireless communication device during the financial transaction,
wherein the at least one customer data receiving device is capable of wirelessly receiving only customer-identifying data that is wirelessly communicated from the at least one customer data receiving device;
(b) operating the at least one customer data receiving device during the financial transaction to wirelessly receive customer account information provided by the customer through the portable wireless communication device during the financial transaction, wherein the at least one customer data receiving device is capable of wirelessly receiving only customer account information that is wirelessly communicated; and
(c) operating the at least one customer data receiving device to cause the customer-identifying data received in (a) and the customer account information received in (b) to be used in the financial transaction.
2. The method according to claim 1
wherein the portable wireless communication device includes a biometric reader operable to read user biometric data,
wherein the portable customer device includes programmable memory including stored biometric data corresponding to an authorized user of the portable wireless communication device,
wherein the portable wireless communication device is operable to compare read user biometric data to the stored biometric data in authorizing usage of the portable wireless communication device,
wherein the portable wireless communication device is operable to carry out a transaction that involves transfer of value from a financial account that corresponds to the customer account information,
and further comprising:
(d) operating the biometric reader to read user biometric data;
(e) operating the portable wireless communication device to compare the user biometric data read in (d) to the stored biometric data in authorizing usage of the portable wireless communication device to carry out the financial transaction.
3. The method according to claim 1 wherein the at least one customer data receiving device includes at least one computer, and wherein (c) includes operating the at least one computer to cause the customer-identifying data and the customer account information to be used in the financial transaction.
4. The method according to claim 3 wherein the at least one computer comprises a banking system computer,
wherein (b) includes operating the banking system computer to receive the customer account data during a banking transaction involving a banking customer.
5. The method according to claim 3 wherein the at least one computer comprises a merchant store computer,
wherein (b) includes operating the merchant store computer to receive the customer account data during a purchase transaction involving a merchant store and a store customer.
6. The method according to claim 1 wherein the portable wireless communication device comprises a wireless phone, and wherein (a) includes operating the at least one customer data receiving device to wirelessly receive the customer-identifying data from the wireless phone.
7. The method according to claim 1
wherein (a) includes operating the at least one customer data receiving device to wirelessly receive from the portable wireless communication device, wireless Internet communication that includes the customer-identifying data, and
wherein (b) includes operating the at least one customer data receiving device to wirelessly receive from the portable wireless communication device, wireless Internet communication that includes the customer account information.
8. A method comprising:
(a) operating at least one customer data receiving device during a financial transaction requiring customer account information, to wirelessly receive customer-identifying data provided by a customer through a portable wireless communication device,
wherein the at least one customer data receiving device is capable of wirelessly receiving customer-identifying data that is wirelessly communicated from the at least one customer data receiving device;
(b) operating the at least one customer data receiving device during the financial transaction to receive customer account information from the customer; and
(c) operating the at least one customer data receiving device to cause the customer-identifying data received in (a) and the customer account information received in (b) to be used in the financial transaction.
9. The method according to claim 8 wherein the at least one customer data receiving device is operable to wirelessly receive user biometric data from the portable wireless communication device, and further comprising:
(d) operating the at least one customer data receiving device to wirelessly receive user biometric data wirelessly communicated from the portable wireless communication device during the financial transaction.
10. The method according to claim 8 wherein a banking system includes the at least one customer data receiving device, wherein the at least one customer data receiving device comprises at least one computer, wherein (b) includes operating the at least one customer data receiving device to receive the customer account data during a banking transaction involving a banking customer, wherein (c) includes operating the at least one computer to cause the customer identifying data and the customer account information to be used in the banking transaction.
11. The method according to claim 8 wherein a merchant store includes the at least one customer data receiving device, wherein the at least one customer data receiving device comprises at least one computer,
wherein (b) includes operating the at least one customer data receiving device to receive the customer account data during a purchase transaction involving a customer at the merchant store,
wherein (c) includes operating the at least one computer to cause the customer identifying data and the customer account information to be used in the purchase transaction.
12. The method according to claim 8 wherein the portable wireless communication device comprises a wireless phone, and wherein (a) includes operating the at least one customer data receiving device to wirelessly receive the customer-identifying data from the wireless phone.
13. The method according to claim 12 wherein the wireless phone comprises a smart phone, and wherein (a) includes operating the at least one customer data receiving device to wirelessly receive the customer-identifying data from the smart phone.
14. The method according to claim 8
wherein (a) includes operating the at least one customer data receiving device to wirelessly receive from the portable wireless communication device, wireless Internet communication that includes the customer-identifying data, and
wherein (b) includes operating the at least one customer data receiving device to wirelessly receive from the portable wireless communication device, wireless Internet communication that includes the customer account information.
15. A method comprising:
(a) operating at least one customer data receiving device during a financial transaction requiring customer signature and customer account information, to wirelessly receive customer account information provided by a customer through a portable wireless communication device,
wherein the at least one customer data receiving device is capable of wirelessly receiving customer account information that is wirelessly communicated from the at least one customer data receiving device;
(b) operating the at least one customer data receiving device during the financial transaction to receive customer-identifying data wirelessly communicated during the financial transaction from the portable wireless communication device; and (c) operating the at least one customer data receiving device to cause the customer account information received in (a) and the customer-identifying
data received in (b) to be used in the financial transaction.
16. The method according to claim 15 wherein the at least one customer data receiving device is operable to wirelessly receive user biometric data from the portable wireless communication device, and further comprising:
(d) operating the at least one customer data receiving device to wirelessly receive user biometric data wirelessly communicated from the portable wireless communication device during the financial transaction.
17. The method according to claim 15 wherein a banking system includes the at least one customer data receiving device, wherein the at least one customer data receiving device comprises at least one computer,
wherein (a) includes operating the at least one customer data receiving device to receive the customer account data during a banking transaction involving a banking customer,
wherein (c) includes operating the at least one computer to cause the customer-identifying data and the customer account information to be used in the banking transaction.
18. The method according to claim 15 wherein a merchant store includes the at least one customer data receiving device, wherein the at least one customer data receiving device comprises at least one computer,
wherein (a) includes operating the at least one customer data receiving device to receive the customer account data during a purchase transaction involving a customer at the merchant store, wherein (c) includes operating the at least one computer to cause the customer identifying data and the customer account information to be used in the purchase transaction.
19. The method according to claim 15 wherein the portable wireless communication device comprises a wireless phone, and wherein (b) includes operating the at least one customer data receiving device to wirelessly receive the customer-identifying data from the wireless phone.
20. The method according to claim 15
wherein (a) includes operating the at least one customer data receiving device to wirelessly receive from the portable wireless communication device, wireless Internet communication that includes the customer account information, and
wherein (b) includes operating the at least one customer data receiving device to wirelessly receive from the portable wireless communication device, wireless Internet communication that includes the customer-identifying data.