System and Method for Secure Wi-Fi- Based Payments Using Mobile Communication Devices

摘要

A secure mobile payment method provides a customer with full functionality of a mobile communication device while operating in conjunction with security protocols for internet communication, such as TLS/SSL, and uses a digital signature to provide message integrity and sender verification. The method further employs a public-private key, where the sender hashes a message with a cryptographic hash and signs the hash with a private key, and a recipient uses the sender's public key to decrypt the hash value.

主权项

1. A method suitable for making secure Wi-Fi-based payments using a customer mobile communication device, said method comprising the steps of:
establishing a secure communication network connection with at least one of a vendor and a vendor website; verifying authenticity of a financial entity from which said vendor or said vendor website accepts payment; initiating a financial transaction with said vendor or said vendor website using said secure communication network connection; and completing said financial transaction using a payment method supported by said financial entity.