PAIRED WEARABLE PAYMENT DEVICE
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United States of America Patent
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Issued Date -
Feb 5, 2015
app pub date -
Jul 2, 2014
filing date -
Aug 1, 2013
priority date (Note) -
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status (Latency Note)
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Abstract
The present invention relates to an electronic device 101 for use in a transaction process. The electronic device 101 comprises a first wireless communication module for communicating with a second electronic device 102 and a second wireless communication module for communicating with a payment terminal 106 for the purpose of performing a payment transaction. The electronic device 101 is capable of relaying data between the second device 102 and the payment terminal 106. A method of performing a transaction is also disclosed, said method comprising the following steps. Firstly, a first wireless communication between an electronic device 101 and a second electronic device 102 is established. Secondly, transaction details required to perform a contactless transaction are uploaded from the second electronic device 102 to the electronic device 101 and securely stored on the electronic device 101. Thirdly a second wireless communication between the electronic device 101 and a payment terminal 106 is established. Finally, the payment terminal 106 is provided with the transaction details.
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