Wednesday, February 10, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Music On Sonos Now Available
SUNY Poly and GLOBALFOUNDRIES Announce $500M Research ProgramTo Accelerate Chip Technology
Intel To Focus On Energy Comsumption On Future Chips
Micron Outlines GDDR5X Plans
Sony’s New Laser Projectors Deliver Quality And with Quiet Operation
The Pirate Bay Has Started Streaming Content
Samsung to Showcase Display Technologies at ISE 2016
Intel To Remove Overclocking Loophole In Skylake Processors
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 Home > News > Mobiles > Apple A...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 16, 2014
Apple Applies For A Digital Wallet System


Apple has applied for a patent that describes a commercial transaction method for mobile devices, according to the US Patent and Trademark Office.

The patent filing describes a backend system designed to secure electronic payments made through your phone.

The "Method to send payment data through various air interfaces without compromising user data" describes technology that can be used to conduct a secure commercial transaction.

After paying for an item using your phone, the retailer's point of sale (POS) device would be connected to a backend system designed to handle commercial transactions.

A secure link between your device and the POS would be established using a wireless technology such as WiFi and Bluetooth, according to the filing.

A second secure link between your phone and the backend server would be established and conduct a secure commercial transaction between the purchasing device and the backend server using payment data secured by "a shared secret" known to a secure element in the purchasing device and to the backend server.

A crypto key is generated from the "shared secret" and is stored on your phone. The server then creates a key based on the secret and compares it with the key from your phone. If the keys match, the server deems the transaction legitimate, and your credit card is charged.




Previous
Next
RiDATA M-Disc DVD-Rs Now Available        All News        Home Entertainment Market Grows Modestly
NTT DoCoMo Delays Tizen Smartphone     Mobiles News      Apple and Samsung Dominate The U.S. Smartphone Market

Get RSS feed Easy Print E-Mail this Message

Related News
Apple Music On Sonos Now Available
Apple Error Message Killing iPhones After Replacing Displays
Apple Dominated The Smart Watch Market In 2015
Apple Faces $626M Fine In Patent Case
Apple Has Big Plans For VR After All
Apple To Add Wireless Charging Tech In Future iPhones: report
Apple Recalls AC Wall Plug Adapters And World Travel Adapter Kit
Apple Reports Record First Quarter Results
Apple Loses Head Of Secret Electric Car Project: WSJ
Apple To Return to 4-inches With Rumored iPhone 5SE
Google Paid Apple $1 Billion Fee To Keep Search Bar on iPhone
New Apple Music Apps Transform iOS Devices into Music Studios

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .