Wireless portable consumer electronics device facilitating multi-range transactions
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United States of America Patent
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Jan 17, 2012
Issued Date -
N/A
app pub date -
Oct 30, 2007
filing date -
Jan 21, 2005
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A method for conducting a transaction is disclosed. The method includes using a first portable electronic device, and directly transmitting a request for payment to a second portable electronic device through a wireless link. Then, the second portable electronic device transmits an approval of the request for payment to the first portable electronic device. One of the first and the second portable electronic devices then sends the request for payment to a payment hub service. The payment hub service then facilitates the transfer of funds from a payer institution to a payee institution to complete the transaction.
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