List of patents
Smart Wearable Ring Based Wireless Transaction System and Method Thereof
- Mrs. Swarna Kumari Adari
- Mrs. Swarna Kumari Adari
- IN201841015370
- India
- yes
- IT
- 23/04/2018
- listing
- Problems with prior art are: >Systems using biometric still require physical contact between a user and a system and the system can be bulky and expensive. >The conventional authentication technique is not specific to a designated user, but rather, only to a person who has the ring. If both the mobile phone and the ring are lost or stolen, any person that has both can be authenticated to the phone, which will then be operable with the potential for misuse as well as the information and data that may be accessed on the device. Advantages of the present invention: >To implement new enhanced secure smart ring which can works at both POS and at ATM centers for regular purchases as well as for all our regular ATM transactions. >The present invention has capability to works at both point of sale (PoS or POS or Pos) system and/or at automated teller machine (ATM) centers for our purchases as well as for ATM transactions.
Abstract
The present invention relates generally to the field of wearable devices and transaction banking, and more particularly to a smart wearable ring based wireless transaction system and method thereof which has capability to works at both point of sale (PoS or POS or Pos) system and/or at automated teller machine (ATM) centers for our purchases as well as for ATM transactions. Accordingly, an aspect of the present invention is to a smart ring having one or more inner rings, wherein each ring is utilized to set pin on the ring to enable the RFID chip which is embedded in the ring to initiate/perform at least one transaction.
