Mobile commerce payment system
A mobile commerce system and components thereof are provided in which multiple wireless mobile communications devices (mobile devices) ( 1 ) each has a unique electronic identification and processing circuit ( 2 ) capable of encrypting data utilizing an encryption key and a first software application providing connectivity to commercial webpage servers ( 4 ) for purposes that include the conduct of selected transactions involving a payment for goods or services. Each mobile device is independently enabled to conduct financial transactions in real time by communication with a financial institution. Each mobile device further has a second software application termed mobile payment application adapted to interact with the first application to receive data as to a payment required to conclude a transaction conducted by way of a commercial webpage server. The mobile payment application initiates an instruction to the financial institution to make a payment to a payee designated by way of such data wherein the instruction is encrypted utilizing the unique electronic identification and processing circuit.
1. A communication device configured to communicate with a first remote server and a second remote server, the communication device comprising:
an electronic identification circuit adapted to:
store an encryption key;
a payment application adapted to:
communicate with the first remote server;
a first software application adapted to:
communicate with the payment application and the second remote server associated with a page that offers goods or services for purchase,
receive, from the second remote server, a payee designated by the second remote server for a payment transaction to purchase the goods or the services, and
send, to the payment application in the communication device, payment details for performing the payment transaction, wherein the payment details include the payee; and
wherein the payment application is further adapted to:
receive, from the first software application, the payment details for performing the payment transaction to purchase the goods or the services, wherein the payment details include a payment amount and the payee designated by the second remote server;
generate an encrypted instruction containing the payment details utilizing the encryption key stored on the electronic identification circuit;
send the encrypted instruction to the first remote server to transmit payment in real time to the payee designated by the second remote server; and
receive, from the first remote server, a communication associated with the payment transaction in response to the first remote server receiving the encrypted instruction containing the payment details.
2. The communication device of claim 1 , wherein the payment transaction is performed without the first software application having to communicate with the first remote server.
3. The communication device of claim 1 , wherein the first software application is a browser application.
4. The communication device of claim 1 , wherein the communication device further includes a third software application that uses the payment application to perform transactions.
5. The communication device of claim 1 , wherein the communication device is a mobile phone.
6. The communication device of claim 1 , wherein the electronic identification circuit is a subscriber identity module (SIM).
7. The communication device of claim 1 , wherein the first remote server transmits a successful transaction report to the remote second server.
8. The communication device of claim 1 , wherein the payment details further comprise a payment reference, and an identifier for the first software application, and wherein the first software application is further adapted to prompt a user for entry of a personal identification number (PIN) and then use the personal identification number and the encryption key to sign the payment details.
9. The communication device of claim 1 , wherein the encryption key is provisioned on the electronic identification circuit by a mobile operator.
10. The communication device of claim 1 , wherein the first remote server is associated with a financial institution.
11. A method for performing a transaction using a communication device communicatively coupled to a first remote server and a second remote server, the communication device including an electronic identification circuit, a payment application and a first software application, the method comprising:
communicating, by the first software application, with the second remote server associated with a page that that offers goods or services for purchase;
receiving, by the first software application, a payee for a payment transaction to purchase the goods or the services, wherein the payee is designated by the second remote server;
sending, by the first software application to the payment application in the communication device, payment details for performing the payment transaction, wherein the payment details include the payee;
receiving, at the payment application from the first software application, the payment details for performing the payment transaction to purchase the goods or the services, wherein the payment details include a payment amount and the payee designated by the second remote server;
generating an encrypted instruction containing the payment details utilizing an encryption key stored on the electronic identification circuit;
sending the encrypted instruction to the first remote server to transmit payment in real time to the payee designated by the second remote server; and
receiving, at the payment application from the first remote server, a communication associated with the payment transaction in response to the first remote server receiving the encrypted instruction containing the payment details.
12. The method of claim 11 , wherein the payment transaction is performed without the first software application having to communicate with the first remote server.
13. The method of claim 11 , wherein the first software application is a browser application.
14. The method of claim 11 , wherein the communication device further includes a third software application that uses the payment application to perform transactions.
15. The method of claim 11 , wherein the communication device is a mobile phone.
16. The method of claim 11 , wherein the electronic identification circuit is a subscriber identity module (SIM).
17. The method of claim 11 , wherein the first remote server transmits a successful transaction report to the second remote server.
18. The method of claim 11 , wherein the payment details further comprise a payment reference, and an identifier for the first software application, and wherein the first software application is further adapted to prompt a user for entry of a personal identification number (PIN) and then use the personal identification number and the encryption key to sign the payment details.
19. The method of claim 11 , wherein the encryption key is provisioned on the electronic identification circuit by a mobile operator.
20. The method of claim 11 , wherein the first remote server is associated with a financial institution.