News Column

Patent Issued for Method and Mobile Terminal for Realizing Network Payment

June 25, 2014



By a News Reporter-Staff News Editor at Journal of Engineering -- ZTE Corporation (Shenzhen, Guangdong, CN) has been issued patent number 8751404, according to news reporting originating out of Alexandria, Virginia, by VerticalNews editors.

The patent's inventor is Deng, Yingbo (Shenzhen, CN).

This patent was filed on December 29, 2010 and was published online on June 10, 2014.

From the background information supplied by the inventors, news correspondents obtained the following quote: "With the development of network and the fast life rhythm of modern urbanite, online shopping becomes popular and enables people to buy what they want without leaving home; however, there is a risk in online shopping through a bank card, for example, there may exist Hacker, false website, virus Trojan, etc.; in order to guarantee the security of network, Universal Serial Bus (USB) Key is a digital certificate proposed by bank systems to apply in the network and identify a customer in the form of client end. From a technology perspective, the USB Key is a tool used for electronic signature and digital certification of internet banking; in the USB Key, a micro intelligent card processor is embedded and adopts a 1024-bit asymmetric cipher algorithm to encrypt/decrypt and digitally sign the internet data, so as to guarantee the confidentiality, authenticity, completeness and non-repudiation of online transactions.

"At present, almost every one makes transactions at several banks simultaneously; if payments are conducted online through several banks, several USB Keys are needed; thus great inconvenience is caused to consumers."

Supplementing the background information on this patent, VerticalNews reporters also obtained the inventor's summary information for this patent: "In order to solve the problem that a plurality of USB Keys are required to be taken to realize a plurality of network payments in the conventional art, the disclosure provides a method and a mobile terminal for realizing network payment.

"A method for realizing network payment provided by an embodiment of the disclosure includes:

"selecting, by a mobile terminal, a network payment system which is needed to implement current network payment from a plurality of network payment systems according to an instruction input by a user;

"sending, by the mobile terminal, a corresponding digital certificate needed by authentication to the selected network payment system;

"when the user is confirmed to be a legal user according to the digital certificate, logging, by the mobile terminal, on the selected network payment system and implementing the network payment.

"An embodiment of the disclosure further provides a mobile terminal for realizing network payment, including:

"a selection module configured to select a network payment system which is needed to implement current network payment from a plurality of network payment systems according to an instruction input by a user;

"a sending module configured to send a corresponding digital certificate needed by authentication to the selected network payment system; and

"a payment module configured, when the user is confirmed to be a legal user according to the digital certificate, to log on the selected network payment system and implement the network payment.

"In the technical scheme provided by the embodiments of the disclosure, a mobile terminal selects a network payment system from a plurality of network payment systems, therefore, it is not needed to take multiple USB Keys."

For the URL and additional information on this patent, see: Deng, Yingbo. Method and Mobile Terminal for Realizing Network Payment. U.S. Patent Number 8751404, filed December 29, 2010, and published online on June 10, 2014. Patent URL: http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8751404.PN.&OS=PN/8751404RS=PN/8751404

Keywords for this news article include: ZTE Corporation.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Journal of Engineering


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