Sunday, May 29, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Nvidia's GeForce GTX 1080 Launches Wordlwide
Corsair Bulldog PC Is Seeking A Place In Your Living Room
Samsung Galaxy C5 and C7 Released In China
SSD Adoption in Notebooks To Increase This Year As TLC NAND Market Matures
Samsung To Launch SamsungPay Mini Online Payments App
Facebook Publishers To Show Ads To Everyone
Samsung and Warner Bros. Release The Samsung Galaxy S7 edge Injustice Edition
Acer At Computex 2016
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
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Looking Into Charging Stations For Electric Cars: report
Apple Supplier Talks About All-glass iPhone
Apple Celebrates Chinese Music with GarageBand Update
Apple Invests $1 billion in Chinese Ride-hailing Service
Apple and SAP to Develop Business Apps For iPhone And iPad
Apple Loses China Trademark For 'iPhone' On Leather Goods
Apple Reports Second Quarter Results
iPhone 7 May Not Be Enough to Boost Apple's Sales
Future Apple Watch Apps Should Work Without An iPhone
Apple Updates MacBook with Latest Processors, Longer Battery Life
KGI Analyst Says iPhone 7 To Feature 'All glass' Enclosure Along With An AMOLED Screen
Report Says Apple To Extend iPhone Output Cut

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 .