MOBILE AUTHENTIFICATION METHOD VIA PEER MOBILES

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Inventor(s)

MOBILE AUTHENTIFICATION METHOD VIA PEER MOBILES - A simplified explanation of the abstract

This abstract first appeared for US patent application 18405986 titled 'MOBILE AUTHENTIFICATION METHOD VIA PEER MOBILES

Simplified Explanation: The patent application describes a system for secure transactions involving multiple computing devices linked to a financial account. The system uses authentication protocols and registration information to verify the identity of the devices and authorize transactions.

The system processes registration information for each computing device linked to a financial account.
It receives pending transactions from a computing device and authenticates its membership in the group of authorized devices.
The system identifies other devices within a configurable distance and verifies their membership in the group.
By using authentication protocols, the system can bypass certain security procedures for authorized transactions.

Key Features and Innovation:

Secure transactions involving multiple computing devices
Authentication protocols based on registration information
Verification of device membership in a group of authorized devices
Bypassing security procedures for authorized transactions

Potential Applications: This technology can be applied in various industries such as banking, e-commerce, and digital payments to enhance security and streamline transaction processes.

Problems Solved: This technology addresses the need for secure and efficient transaction processing across multiple computing devices while ensuring the authenticity of each device.

Benefits:

Enhanced security for financial transactions
Streamlined transaction processes
Improved user experience for multi-device transactions

Commercial Applications: Potential commercial applications include secure online banking systems, e-commerce platforms, and digital payment services that require multi-device transaction capabilities.

Prior Art: Prior art related to this technology may include research on multi-device authentication protocols, secure transaction processing, and financial account management systems.

Frequently Updated Research: Researchers may be exploring advancements in multi-device authentication technologies, secure transaction processing methods, and improvements in financial account security measures.

Questions about Secure Transactions with Multiple Computing Devices: 1. How does the system authenticate the membership of computing devices in a group of authorized devices? 2. What are the potential implications of bypassing security procedures for authorized transactions?

Original Abstract Submitted

Embodiments include systems and techniques to perform secure transactions including processing registration information for each computing device of a plurality of computing devices having authority over a financial account. In one example, embodiments include receiving a pending transaction against the financial account from a computing device. Embodiments include executing an authentication protocol to determine the computing device is a member of the plurality of computing devices based upon the registration information, and processing data identifying another computing device within a configurable distance from the computing device. Embodiments further include the system to execute the authentication protocol to determine the other computing device is a member of the plurality of computing devices based upon the registration information and bypass a portion of a security procedure for authorizing execution of the pending transaction.