WO2014116191A1

WO2014116191A1 - A virtual wallet

Info

Publication number: WO2014116191A1
Application number: PCT/TR2014/000014
Authority: WO
Inventors: İsmail EKMEKÇİ
Original assignee: Ekmekçi̇ İsmail
Priority date: 2013-01-24
Filing date: 2014-01-24
Publication date: 2014-07-31

Abstract

The present invention relates to a virtual wallet provided without a connection to the networks formed by wired and wireless means such as phone, Internet, intranet, able to be used during spending the virtual deposit money and only providing access to the information belonging to the required amount of virtual deposit money. The most important object of the present invention is to provide a virtual wallet having the feature of being a plurality of credit cards, debit cards or cash and capable of storing therein the information belonging to the transferable virtual deposit money thanks to the memory modules comprised therein. The present invention is also intended for improving the security of this virtual wallet by means of a keypad enabling the user thereof to directly enter their password to access said information. Allowing outside access only to certain information rather than allowing outside access to all the information upon entering the password will also be a feature to be included in this virtual wallet.

Description

DESCRIPTION

A VIRTUAL WALLET

Technical Field

The present invention relates to a virtual wallet provided without a connection to the networks formed by wired and wireless means such as phone, Internet, intranet, able to be used during spending the virtual deposit money and only providing access to the information belonging to the required amount of virtual deposit money.

Prior Art

Currently, a patent application comprising methods for generation of virtual deposit money and use thereof during spending is filed with the application number TR2011 /04964. In said application, generation of virtual deposit money so as to correspond certain denominations and storage of the code belonging to each generated virtual deposit money by matching thereof with the denomination are disclosed.

In the respective patent application, ensuring security of transfer process by means of monitoring and direct storage of the money thanks to monitoring of which of said virtual deposit money is being used/spent is disclosed.

However, providing security of the information and storage medium of the respective virtual deposit money, of the information regarding unused virtual deposit money is not disclosed in this patent application. A virtual wallet enabling storage of not only virtual deposit money but also information comprised in the currently used credit cards and debit cards is not available.

Brief Description of the Invention

The most important object of the present invention is to provide a virtual wallet having the feature of being a plurality of credit cards, debit cards or cash and capable of storing therein the information belonging to the transferable virtual deposit money thanks to the memory modules comprised therein. The present invention is also intended for improving the security of this virtual wallet by means of a keypad enabling the user thereof to directly enter their password to access said information. Allowing outside access only to certain information rather than allowing outside access to all the information upon entering the password will also be a feature to be included in this virtual wallet.

Detailed Description of the Invention

To achieve the objects of the present invention, the virtual wallet enabling virtual deposit money storage and spending is illustrated in the attached drawings, wherein:

Figure 1 is an overall schematic view of the virtual wallet enabling virtual deposit money storage and spending. Figure 2 is a schematic view of the electronic components of the virtual wallet enabling virtual deposit money storage and spending.

Figure 3 is a flow diagram of the method of the virtual wallet enabling virtual deposit money storage and spending.

The parts in the figures are numbered, wherein part names corresponding to these numbers are provided below.

1. Virtual wallet

2. Screen

3. Keypad

4. Main memory

5. Temporary memory

6. Communication module

7. Biometric ID reader

The virtual deposit money storage and spending virtual wallet (1) according to the present invention basically comprises the following: a screen (2), a keypad (3), a main memory (4), a temporary memory (5) and a communication module (6). The virtual deposit money to be stored in said virtual wallet can comprise directly virtual deposit money as well as real credit card/debit card information, virtual card information or temporary card information generated from the real credit card/debit card, all financial data, all banking data of the person or organization owning the virtual wallet (1).

The virtual wallet (1) will be provided with a main memory (4) capable of accommodating all information comprised in a credit card or a debit card such as card number, user information, card validity period as well as all information such as codes placed for security purposes and historical transaction records. Storing card information as well as information belonging to a virtual deposit money with a specific value, i.e. with a denomination value and having a specific code in the main memory (4) of this virtual wallet (1 ) is also possible.

To generate the virtual deposit money prior to the use thereof, generation of a code specific to each virtual deposit money together with the virtual deposit money and matching of these two will be realized by a competent authority. Loading this virtual deposit money and code thereof generated by the competent authority to the virtual wallet (1) will be realized in an encrypted and controlled manner at the competent authority itself, bank, ATM or a similar environment. However, to transfer the generated virtual deposit money from one virtual wallet (1 ) to the other, the communication between said virtual wallets (1 ) will be sufficient.

Virtual wallet (1 ) will not enable loading information of said debit card or virtual deposit money but will provide security of this information. During making any payment, access of a device receiving the payment such as a POS device, cash register, computer, tablet, etc. to the information required for the payment to be made and checking the accuracy of this information by making a request to a center is required.

During said check, accessed information should not be copied. However, it is possible that a modified POS device or cash register or a malicious hardware or software installed on these devices can store information required only to be read and transmitted . In fact, in case of storage thereof, use of the same information without the permission of the card holder in another shopping will also be possible.

To avoid this situation, making not all the data but only a portion thereof comprised in the virtual wallet (1 ) to be readable will be ensured. Outside access to the main memory (4) where all data is stored will be denied to enable only a portion of the data to be read. I nstead of the main memory (4), a temporary memory (5) created with software or hardware will be the only memory that can be read by the devices accessing the virtual wallet (1 ) from outside.

User will determine the information to be loaded into the temporary memory (5) and will provide said information to be retrieved from the main memory (4) and to be transferred to the temporary memory (5). A screen (2) and keypad (3) disposed on the virtual wallet (1 ) will be utilized to notify the virtual wallet (1) on what information to be transferred and to realize encrypted access by providing data security. Virtual wallet (1) will be activated upon entering respective password using the keypad (3) not only prior to the information exchange but also for turning the virtual wallet (1 ) on or unlocking the keypad.

The user, by using the keypad (3), selects the option among the virtual deposit money, credit card or debit card options to be used during the payment (1 01 ). Information regarding the selected payment option is simultaneously displayed on the screen (2) (102). After selection of the payment means, the user is asked by the virtual wallet (1 ) for the payment amount (103). Virtual wallet (1 ) writes the information retrieved from the main memory (-4) into the temporary memory (5) (105) with the password entry option for the respective amount to be entered by the user using the keypad (3) and for the user to approve the transaction (104).

If the user will use virtual deposit money, virtual deposit money information corresponding to the payment amount denomination is transferred to the temporary memory (5) (106). Virtual deposit money and specific codes thereof transferred from the main memory (4) will act together. Virtual deposit money and codes thereof that are not approved to be used in the virtual wallet (1 ) will remain in the main memory (4) and virtual deposit money will be safely stored since outside access to this information is denied. In the case of card use, limited data transfer is not possible. This is because all card information is required to be transferred to the temporary memory (5) upon approval of the user (107). Since copying card information itself is possible, this information is sent to the temporary memory (5) in a modified manner. During the modification operation, an encryption process linked to the date and time of transaction known only by the user and payment center will be carried out.

After the operation of transfer to the temporary memory (5) is completed, communication module (6) is connected to the means and ports compatible with IR, RF, Bluetooth, female-male connection to provide communication of the virtual wallet (1) by the user with POS device, cash register (108). For connection, physically bringing or directing the virtual wallet (1) closer to a POS device or cash register is possible as well as a feature disposed in the virtual wallet (1 ) allowing for wireless access is made available by physical or software means.

A device such as a POS device, cash register, computer, tablet or the like communicates with a center to check accuracy of the information comprised in the virtual wallet (1) (109). In the case of virtual deposit money data, the center carries out the operation to whether or not providing approval to the information received thereby for approval by checking the information such as the information's validity, current owner and previous owner. If the information received by the center is encrypted card information, it first decrypts the data encrypted by means of an encryption method associated with a password known only by the user and center and with a transaction date and time and then controls said information.

Virtual wallet (1) is notified by the POS device or cash register upon approval of the respective information by the center (1 10). Virtual wallet (1 ) notifies the user thereof about completion of the payment transaction upon conforming that the responses are accurate (11 1 ). Operations such as deleting the used virtual deposit money and debit card information, marking thereof as being used, writing amounts of use into the main memory (4) will be carried out according to the choice of user or producer. However, when main memory (4) of the virtual wallet (1) is subsequently accessed, a detailed transaction and communication list will be obtained.

Keypad (3), to carry out the operations described above, will comprise number keys, "enter", "cancel", "send", "print", "lock", "delete" "send invoice information" or similar function keys. Screen (2) can be a 8-digit or grayscale, color screen on which letters and numbers can be read. Further, operating the virtual wallet (1) with batteries as well as solar panels is also possible. Virtual wallet (1) can be operated by being externally charged thanks to rechargeable batteries.

The present invention is operated by being triggered through receipt of payment amount and approval information directly by the virtual wallet (1) and user. However, in terms of user-friendliness, the present invention can also be operated under the supervision of the person selling services or products. In accordance with this purpose;

An entity with a POS device or cash register can access the virtual wallet (1 ) from outside in order to request a payment. Virtual wallet (1) will allow the access regarding the user thereof by means of using the keypad (3). In addition, transfer of the data comprised in the main memory (4) to the temporary memory (5) will be provided upon delivery of the information regarding the amount to the virtual wallet (1 ) by the seller and also upon provision of approval by the user on the virtual wallet (1 ).

During the operation of the present invention, the ability of devices such as POS devices, cash registers to receive payments by receiving the virtual deposit money and debit card information comprised in the virtual wallet (1) is described above in the Step 108. Carrying out said payment transaction in a virtual store, but not in a point of sale such as a real store can be needed. In such cases, virtual wallet (1) will carry out the communication with the virtual store through a pc or similar virtual wallet (1 ) enabling the user thereof to connect to the respective virtual store.

While the operation steps of the present invention are described above, providing access security using keypad (3) is mentioned in the steps such as activation of the virtual wallet (1 ), unlocking the keypad, approving the transaction, etc.

Access security can also be provided by means of a combination of a biometric ID reader (7) disposed on the virtual wallet (1) and user instead of the combination of the keypad (3) and password. Biometric ID reader (7) can be a fingerprint, retina scanner, vein map, face topology, voice tone identifier.

Claims

A virtual deposit money storage and spending virtual wallet (1 ) to be used during spending the virtual deposit money and allowing access only to required amount of information, comprising; a main memory (4) capable of accommodating all information comprised in one or more credit cards or debit cards such as card number, user information, card validity period as well as codes placed for security purposes;

a screen (2) enabling the user to access and display information comprised in the respective main memory (4); and

- a keypad (3) enabling the user to enter data, characterized in further comprising the following:

- a temporary memory (5) into which the information required during the payment is written after being retrieved from the main memory (4) using the keypad (3) and screen (2) when the user desires to make a payment; and

a communication module (6) providing access to the data provided in the temporary memory after communicating with a device such as a POS device, cash register, computer.

A virtual deposit money storage and spending virtual wallet (1 ) according to Claim 1 , characterized in comprising a temporary memory (5) storing the information retrieved from the main memory (4) by encryption thereof with a password and/or a transaction date and time known by the center approving the user and information.

A virtual deposit money storage and spending virtual wallet (1 ) to be used during spending the virtual deposit money and allowing access only to required amount of information, comprising:

- a main memory (4) capable of accommodating information belonging to a virtual deposit money with a specific value, i.e. with a denomination value and having a specific code;

- a screen

(2) enabling the user to access and display information comprised in the respective main memory (4); and

- a keypad (3) enabling the user to enter data,

characterized in further comprising the following:

a temporary memory (5) into which the information regarding one or more virtual deposit money with an amount approved by the user during payment is written after being retrieved from the main memory (4) using the keypad

(3) and screen (2) when the user desires to make a payment; and a communication module (6) providing access to the data provided in the temporary memory after communicating with a device such as a POS device, cash register, computer, tablet, etc.

4. A virtual deposit money storage and spending method for safe spending of debit card or virtual deposit money, characterized in comprising the following steps:

- selecting of the option among the virtual deposit money, credit card or debit card options to be used during the payment (101) by using the keypad (3), by the user;

displaying of the information regarding the selected payment option simultaneously on the screen (2) (102);

asking the user by the virtual wallet (1) for the payment amount (103) after selection of the ^ payment means;

entering of the respective amount by the user using the keypad (3) and displaying password entry option thereon for the user to approve the transaction (104);

- starting to write the information retrieved from the main memory (4) into the temporary memory (5) (105) by virtual wallet (1 );

- transferring of the information belonging to one or more virtual deposit money regarding an amount corresponding to the payment amount or above the payment amount to the temporary memory (5) (106);

■ connecting of the communication module (6) to the means and ports compatible with IR, RF, Bluetooth, female-male connection to provide communication of the virtual wallet (1 ) by the user with POS device, cash register (108);

communicating of a device such as a POS device, cash register, computer, tablet or the like wilh a center to check accuracy of the information comprised in the virtual wallet (1 ) (109); notifying of virtual wallet (1) by the POS device or cash register upon approval of the respective information by the center (110); and

notifying of the user of the wallet about completion of the payment transaction by virtual wallet (1), upon conforming that the responses are accurate (111).

5. A virtual deposit money storage and spending method according to Claim 4, characterized in comprising the step of transferring the respective card information by the approval of the user to the temporary memory (5) (107) instead of the step of transferring virtual deposit money information to the temporary memory in the case of making the payment with the virtual deposit money instead of the debit card (106),