The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 05, 2024
Filed:
Oct. 18, 2023
Telcom Ventures Llc, Miami, FL (US);
Peter D. Karabinis, Cary, NC (US);
Rajendra Singh, Indian Creek Village, FL (US);
Abstract
Systems/Methods of establishing and using a capability at a smartphone to conduct financial transactions are disclosed. According to some embodiments, responsive to sensing a value of a parameter and responsive to determining that the value of the parameter sensed satisfies a criterion, a master-slave relationship is selectively established with a device and an authorization to establish said capability is selectively requested from the device. Responsive to receiving the authorization, the capability to conduct financial transactions by the smartphone is established. Then, provided the smartphone is proximate to an access point maintained by a vendor and provided that the value of the parameter is sensed and satisfies the criterion, said capability that has been established may be used to conduct a financial transaction and pay for a product.