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:
May. 08, 2012
Filed:
Aug. 18, 2008
Yigang Cai, Naperville, IL (US);
Shiyan Hua, Lisle, IL (US);
Yigang Cai, Naperville, IL (US);
Shiyan Hua, Lisle, IL (US);
Alcatel Lucent, Paris, FR;
Abstract
IMS networks and methods are disclosed for authorizing financial transactions. Credit card information, debit card information, and other purchasing data may be consolidated into an IMS device for conducting financial transactions, such as the purchasing of items from a merchant. Before a financial transaction can be completed, an IMS device transmits transaction data for the financial transaction to the IMS network. The IMS network then processes predefined purchasing rules to determine whether or not the financial transaction is authorized. If the financial transaction is authorized, then the IMS network transmits a confirmation message to the IMS device indicating that the financial transaction is authorized. If the financial transaction is not authorized, then the IMS network transmits a cancel message to the IMS device indicating that the financial transaction is not authorized.