20240086890.PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION simplified abstract (samsung electronics co., ltd.)
Contents
- 1 PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION
- 1.1 Organization Name
- 1.2 Inventor(s)
- 1.3 PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION - A simplified explanation of the abstract
- 1.4 Simplified Explanation
- 1.5 Potential Applications
- 1.6 Problems Solved
- 1.7 Benefits
- 1.8 Potential Commercial Applications
- 1.9 Possible Prior Art
- 1.10 How does this technology ensure the security of payment transactions?
- 1.11 What are the potential limitations or challenges of implementing this technology in real-world payment systems?
- 1.12 Original Abstract Submitted
PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION
Organization Name
Inventor(s)
PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240086890 titled 'PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION
Simplified Explanation
The present disclosure describes a method for a UWB-based payment service. A method of a first electronic device using UWB communication may include receiving an initiation message for UWB ranging from a second electronic device, transmitting a response message to the initiation message, receiving a transaction information message from the second electronic device, and transmitting a payment information message based on the request type information.
- Receiving initiation message for UWB ranging
- Transmitting response message with encrypted identification information
- Receiving transaction information message with request type information
- Transmitting payment information message with response data
Potential Applications
The technology described in this patent application could be applied to secure and efficient payment services, particularly in scenarios where contactless transactions are preferred.
Problems Solved
This technology solves the problem of secure communication and data exchange between electronic devices during payment transactions, ensuring the confidentiality and integrity of sensitive information.
Benefits
The benefits of this technology include enhanced security, fast and reliable communication, and improved user experience in payment transactions.
Potential Commercial Applications
The potential commercial applications of this technology include mobile payment systems, retail POS systems, online payment gateways, and other financial services that require secure and efficient transaction processing.
Possible Prior Art
One possible prior art for this technology could be existing UWB communication systems used in various industries for data transfer and localization purposes.
Unanswered Questions
How does this technology ensure the security of payment transactions?
This article does not provide specific details on the encryption methods or security protocols used to protect payment information during communication between electronic devices.
What are the potential limitations or challenges of implementing this technology in real-world payment systems?
This article does not address the potential obstacles or technical requirements for integrating this UWB-based payment service into existing payment infrastructure.
Original Abstract Submitted
the present disclosure discloses a method for a uwb-based payment service. a method of a first electronic device using uwb communication, of the present disclosure, may comprise the operations of: receiving, from a second electronic device, an initiation message for uwb ranging, which includes a random number generated by means of the second electronic device, transmitting, to the second electronic device, a response message to the initiation message, which includes identification information about the first electronic device encrypted using a session key generated on the basis of the random number, receiving, from the second electronic device, a transaction information message including request type information indicating the type of request associated with a payment, and transmitting, to the second electronic device, a payment information message including response data based on the request type information.
