US Patent Application 18234013. NFC MOBILE CURRENCY TRANSFER simplified abstract

NFC MOBILE CURRENCY TRANSFER

Organization Name

Capital One Services, LLC

Inventor(s)

Rajko Ilincic of Annandale VA (US)

Jeffrey Rule of Chevy Chase MD (US)

NFC MOBILE CURRENCY TRANSFER - A simplified explanation of the abstract

This abstract first appeared for US patent application 18234013 titled 'NFC MOBILE CURRENCY TRANSFER

Simplified Explanation

The patent application is about NFC-based mobile currency transfers.

• The invention allows for mobile payments to be initiated when two mobile devices come into NFC communications range.
• A payment card associated with an account is tapped to one or more devices to validate the currency transfer.
• The innovation simplifies the process of transferring currency using mobile devices.
• It utilizes NFC technology to enable secure and convenient mobile payments.
• The invention may improve the efficiency and speed of mobile payment transactions.
• It provides a seamless way to transfer funds between mobile devices.
• The patent application aims to enhance the user experience of mobile payments.

Original Abstract Submitted

Various embodiments are generally directed to NFC-based mobile currency transfers. A mobile payment may be programmatically initialized when at least two mobile devices come into NFC communications range. A payment card associated with an account used to fund the currency transfer may be tapped to one or more of the devices to allow a server to validate the currency transfer.