CA2800604A1 - Mobile e-pocket wallet - Google Patents

Description

MOBILE E-POCKET WALLET
The present invention relates to a mobile application that will generate a secure electronic wallet that will contain different bank card cards (debit, credit). This mobile application will provide a secure transaction service designed to be used as an interactive protocol through the line of communication between a mobile phone and a bank terminal within a specific software that will be design for this application.
The secure electronic wallet will also incorporated superstore cards such as Wal-Mart, Winners and other superstore cards points and gift cards that could be buy or reload online in a specific internet site. As well other companies' cards such as Petro Canada, Shell points card, etc. will also be included in this secure electronic wallet. In the near future we will try to extend this electronic wallet to also incorporate any other cards companies that want to be part of this mobile application.
1) Design a mobile application (virtual wallet) with strong security identification (that might included biometric facial recognition and password) to get in the application that will allowed the owner of the device to chose one of the various virtual financial bank card that he will decided to included in is secure virtual wallet.

2) Design a program that will transform a financial bank card into a virtual method, which will incorporate the secure virtual chip. (Microsoft has already created similar application that could be develop into something more secure and this application is public) 3) Design a unique application and software that will be used in any financial places (merchants, ATM) that will have the ability to scan a virtual chip inside the mobile application.
Note:
Similar to the one integrated to the plastic card we will design a virtual chip with an embedded integrated circuits that can provide identification, authentication, data storage and application processing. Chip that will eventually related to the plastic card where we going to recreated in a virtual version with the entire security feature connected to the plastic card. The new virtual chip card will have the potential to provide high-security authentication for single sign-on (SSO) within large organizations. The virtual financial Smart cards will be included in mobile application (virtual wallets). The virtual financial smart card chip will be used just like a regular plastic smart card that will allow the owner to buy in a various merchants or to redraw money from specific ATM.
Page j 1 Cryptographic protocols protect the exchange of money between the virtual financial smart card and the accepting machine.
SUMMARY
After installing the mobile application containing the secure electronic wallet; Registration will enable the user to create a password (that might included biometric facial recognition) to access the various cards that he will record as he wishes in the electronic wallet.
We will develop a secure program (in partnership with the financial institution) to create or to coordinate the same password from a plastic bank card to link it to innovative secure virtual card that will therefore been used within the secure electronic wallet.
Thereafter the client will choose the financial institution cards service, that he want to register in the secure electronic wallet; he will enter the card number and he will have to enter the same password that he have choose in the financial institution to access the card;
a virtual secure and private chip will be create and will be automatically associated plastic and the virtual card (this information will immediately send to financial institution to allow the client to start using his virtual card). After the client have choose the card that he want to used, he will have to entry is password. Therefore, a virtual chip will appear on the screen (mobile device), the virtual chip will be scanned by using a terminal that will have a specific secure program that will allow the client to re-entry his password and choose the account (cheque or saving) that he want to used to complete is transaction.
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