Virtual POS system and method
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United States of America Patent
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Sep 11, 2018
Grant Date -
Apr 16, 2015
app pub date -
Oct 10, 2014
filing date -
Oct 11, 2013
priority date (Note) -
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status (Latency Note)
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Abstract
The present invention relates to a token device for securely executing a data transaction. The token device comprises: a secure element; a web server module configured within the secure element and arranged to transmit data messages over a network; a terminal application module configured within the web server module; and an application module configured within the secure element. The terminal application module and the application module are arranged to execute the data transaction protocol as one or more data exchanges therebetween within the secure element, upon receipt of a service request data message, received over the network at the web server module from an authorized remotely located Point of Sale (POS) terminal. The web server module is subsequently arranged to generate a transaction response data message for transmission to the remotely located POS terminal, on successful completion of the transaction protocol.
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