Samsung electronics co., ltd. (20240202700). PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION simplified abstract
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PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION
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PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240202700 titled 'PAYMENT METHOD AND DEVICE USING ULTRA-WIDEBAND COMMUNICATION
The present disclosure introduces a UWB-based safe proximity payment method, where a first electronic device broadcasts a UWB initiation message containing certificate information, receives a UWB response message from at least one second electronic device with identification information of a payment application and determines the priority of the second electronic device based on the response message.
- Utilizes Ultra-Wideband (UWB) technology for safe proximity payment transactions
- First electronic device initiates the transaction by broadcasting a UWB message with certificate information
- Second electronic device responds with a UWB message containing payment application identification and certificate information
- Priority of the second electronic device is determined based on the response message
- Enhances security and efficiency of proximity payment transactions
Potential Applications: - Contactless payment systems - Secure transactions in crowded environments - Mobile payment applications
Problems Solved: - Enhances security in proximity payment transactions - Streamlines the payment process in crowded areas - Reduces the risk of fraudulent transactions
Benefits: - Improved security in payment transactions - Faster and more efficient payment processing - Enhanced user experience in contactless payments
Commercial Applications: Title: UWB-Based Safe Proximity Payment System This technology can be applied in various industries such as retail, transportation, and hospitality to offer secure and efficient proximity payment solutions. It can also be integrated into mobile payment applications to enhance user experience and security.
Questions about UWB-Based Safe Proximity Payment System: 1. How does UWB technology improve the security of proximity payment transactions? 2. What are the potential challenges in implementing this technology in real-world payment systems?
Frequently Updated Research: Researchers are continuously exploring ways to enhance the security and efficiency of proximity payment systems using UWB technology. Stay updated on the latest advancements in this field to leverage the benefits of this innovative payment method.
Original Abstract Submitted
the present disclosure provides a uwb-based safe proximity payment method. a method of a first electronic device of the present disclosure may comprise the steps of: broadcasting a uwb initiation message including certificate information of the first electronic device; receiving, from at least one second electronic device, a uwb response message including identification information of a payment application included in the second electronic device and certificate information of the payment application; and determining a priority of the at least one second electronic device on the basis of the uwb response message.
