System and method for performing automatic payment transactions

• US 10,043,171 B2
• Filed: 12/10/2014
• Issued: 08/07/2018
• Est. Priority Date: 12/10/2014
• Status: Active Grant

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Maenpaa, Pia K.
• Primary Examiner(s): Trotter, Scott S
• Application Number:
  US14/566,236
• Publication Number:
  US 20160171502A1
• Time in Patent Office: 1,336 Days
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/3265 characterised by personalisation for use
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/4014 Identity check for transactions

Abstract

A method and system of conducting a payment transaction including receiving, by a payment platform, a verification query including payment profile identification information and a payment request. The payment request includes merchant information. The payment profile identification information is obtained from a payment device using wireless communication. The payment device is associated with a payer, and the payment transaction is initiated in response to the presence of the payment device in a predetermined payment charging area. Comparing, using the payment platform, the payment profile identification information and the merchant information with stored verification parameters to determine if the payment profile identification information is properly associated with the merchant information. Verifying, using the payment platform, the payment transaction in response to the payment profile identification information being properly associated with the merchant information.

Claims

1. A method of conducting a payment transaction initiated by a merchant in response to detecting the presence of consumer payment devices in a payment charging area, the method comprising:

scanning, using a merchant wireless communication device, the payment charging area for payment profiles associated with and located on the consumer payment devices in the payment charging area, the consumer payment devices being configured to respond to interrogation by the merchant wireless communication device;

receiving, by a payment platform, a verification query including i. information based on a first of the payment profiles acquired by the merchant wireless communication device and ii. a payment request including merchant information;

comparing, by the payment platform, the information based on the first payment profile and the merchant information with consumer-defined verification parameters to determine if the first payment profile is associated with the merchant information for the payment request; and

verifying, by the payment platform, the payment transaction between the first payment profile and the merchant in response to determining that the first payment profile is associated with the merchant information for the payment request.

2. The method as defined in claim 1 further comprising, denying, by the payment platform, the payment request in response to determining that the first payment profile is not associated with the merchant information for the payment request.

3. The method as defined in claim 1, wherein the first payment profile includes an account number.

4. The method as defined in claim 1, wherein the first payment profile includes information relevant to the payment request.

5. The method as defined in claim 1, wherein a first of the consumer payment devices has a plurality of payment profiles associated therewith.

6. The method as defined in claim 5, wherein at least one of the plurality of payment profiles is related to a type of transaction.

7. The method as defined in claim 5, wherein at least one of the plurality of payment profiles is a personal profile including information specific to a payee or a payee type.

8. The method as defined in claim 5, wherein the wireless communication device scans the first consumer payment device for the presence of payment profiles in a predetermined order.

9. The method as defined in claim 8, wherein the predetermined order includes first scanning for a payment profile specific to the type of transaction in the payment request, and if a suitable profile is found scanning ceases.

10. The method as defined in claim 9, wherein if a payment profile specific to the type of transaction in the payment request is not located, the scanning device scans for an alternative payment profile.

11. The method as defined in claim 1, wherein the first payment profile includes information required to determine pricing.

12. The method as defined in claim 1, wherein a consumer controls access to the first payment profile by the wireless communication device.

13. The method as defined in claim 1, wherein the verification by the payment platform includes determining if a prior transaction has occurred between the first payment profile and the merchant.

14. The method as defined in claim 1, wherein the verification by the payment platform includes determining if the first payment profile is registered with the payment platform.

15. The method as defined in claim 1, wherein the verification by the payment platform includes reviewing the time and location of the payment request.

16. The method as defined in claim 1, wherein upon verification of the payment transaction, the payment platform processes the payment transaction by transmitting payment details over a payment network.

17. A payment authorization system for authorizing a payment transaction initiated by a merchant in response to detecting the presence of consumer payment devices in a payment charging area, the payment authorization system comprising:

a merchant wireless communication device configured to scan the payment charging area for payment profiles associated with and located on the consumer payment devices in the payment charging area, the consumer payment devices being configured to respond to interrogation by the merchant wireless communication device;

a first payment profile and a second payment profile associated with a first of the consumer payment devices, the first payment profile containing information different from the second payment profile, the first payment profile being related to a first payment activity, the second payment profile being related to a second payment activity;

a payment platform operably connectable to the merchant wireless communication device and having a processor operable by instructions to;

receive i. information based on at least one of the first and second payment profiles acquired by the merchant wireless communication device from the first consumer payment device and ii. a payment request including merchant information;

compare the information based on at least one of the first and second payment profiles and the merchant information with consumer-defined verification parameters to determine if the information based on at least one of the first and second payment profiles is associated with the merchant information for the payment request; and

verify that the payment transaction in response determining that the information based on at least one of the first and second payment profiles is associated with the merchant information.

18. The system as defined in claim 17, wherein the first payment profile includes information specific to a type of payment transaction.

19. The system as defined in claim 17, wherein the payment platform accesses a database to determine if the first consumer payment device had previously made a payment transaction with the merchant.

20. A payment transaction system for authorizing a payment transaction initiated by a merchant in response to a merchant wireless communication device detecting the presence of consumer payment devices in a payment charging area, the payment transaction system comprising:

a merchant wireless communication device configured to scan the payment charging area for payment profiles associated with and located on the consumer payment devices in the payment charging area, the consumer payment devices being configured to respond to interrogation by the merchant wireless communication device;

a plurality of payment profiles;

a payment platform including a processing device in communication with the merchant wireless communication device, the payment platform processing device being operable by instructions to;

receive a verification query including i. information based on a first of the payment profiles acquired by the merchant wireless communication device and ii. a payment request including merchant information;

compare the information based on the first payment profile and the merchant information with consumer-defined verification parameters to determine if the first payment profile is associated with the merchant information for the payment request; and

verify the payment transaction between the first payment profile and the merchant in response to determining that the first payment profile is associated with the merchant information for the payment request.

21. The system as defined in claim 20, wherein a second of the payment profiles includes different information than the first payment profile, and the first payment profile being used to conduct a first type of payment transaction and the second profile being used to conduct a second type of payment transaction.

22. The system as defined in claim 20, wherein the first payment profile is stored by one of the payment platform, the consumer payment device, and a financial institution.

23. The system as defined in claim 20, wherein the first payment profile is stored by one of the payment platform and a financial institution, and wherein the system further comprises a token on the consumer payment device.

24. The system as defined in claim 20, wherein the payment platform is operably connectable to a financial institution.

25. The system as defined in claim 20, wherein the payment platform is operably connectable to a payment network.

26. The system as defined in claim 20, wherein the payment platform is part of a payment network.