System and method for enabling a mobile communication device to operate as a financial presentation device
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United States of America Patent
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Mar 17, 2015
Issued Date -
N/A
app pub date -
Oct 27, 2009
filing date -
Oct 27, 2009
priority date (Note) -
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status (Latency Note)
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Abstract
A provisioning system for enabling a mobile communication device to operate as a financial presentation device (FPD) which is presentable to providers of goods or service is provided. The provisioning system relies on a transaction processing system that normally routes authorization requests from merchants to issuers of FPDs for purposes of authorizing FPD transactions. The transaction processing system already stores security keys of all issuers in order to validate transaction data being sent from the merchants. The provisioning system monitors authorization requests being routed through the transaction processing system and retrieves an authorization request of a financial transaction that was initiated with a particular FPD. The provisioning system then transmits the FPD data contained in the retrieved authorization request and the security key stored in the transaction processing system to a secure memory element of the mobile communication device so as to enable the mobile communication device to operate as a FPD.
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