Obtaining instant credit at a POS with limited information

• US 10,460,301 B2
• Filed: 06/06/2017
• Issued: 10/29/2019
• Est. Priority Date: 02/16/2012
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Inventors: Zito, Sean
• Primary Examiner(s): Rudy, Andrew Joseph
• Application Number:
  US15/614,991
• Publication Number:
  US 20170270501A1
• Time in Patent Office: 875 Days
• Field of Search: 705 28, 235376-383
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/208 Input by product or record sensing, e.g. weighing or scanner processing
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/401 Transaction verification
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A consumer at a POS is able to obtain instant credit from a third party payment provider by providing identification information, such as from a driver'"'"'s license, through a sales associate at the POS and by providing directly the last four digits of the consumer'"'"'s social security number (SSN). When the consumer wants to make subsequent purchases through the payment provider, the sales associate need only enter the consumer'"'"'s last name, zip code, and date of birth for the payment provider to locate and retrieve the consumer'"'"'s account. The consumer may then enter the last four digits of the consumer'"'"'s social security number, such as into a PIN pad at the POS, and have the information processed by the payment provider.

Claims

1. A method comprising:

receiving, by one or more processors of a payment provider, a payment request from a transaction device at a merchant point of sale (POS);

receiving, by the one or more processors of the payment provider, identification information for a user via the merchant POS, wherein the identification information does not include financial information associated with the user;

accessing, by the one or more processors of the payment provider, a database to identify an account from a plurality of accounts that corresponds to the identification information;

receiving, by the one or more processors of the payment provider, verification information of the user via the merchant POS, wherein the received verification information is received after the account of the user is identified, and wherein the received verification information does not include the financial information associated with the user;

in response to determining that the received verification information corresponds to a stored verification information stored in association with the identified account in the database, approving the payment request; and

in response to the approving, processing, by the one or more processors of the payment provider, the payment request, using the account of the user.

2. The method of claim 1, wherein the verification information comprises a last four digits of a social security number received from a merchant personal identification number device.

3. The method of claim 1, wherein the identification information comprises a last name, a zip code, or a date of birth of the user.

4. The method of claim 1, wherein the identification information comprises a last name and a date of birth of the user.

5. The method of claim 1, wherein the accessing, by the one or more processors of the payment provider, the database to identify the account from the plurality of accounts that corresponds to the identification information includes:

accessing the database and identifying that the account and another account of the plurality of accounts correspond to the identification information;

causing a display of the account and the another account; and

receiving a selection of the account.

6. The method of claim 1, wherein the approving further comprises determining that the user is eligible to receive a credit offer, and causing a display of the credit offer on the merchant POS.

7. The method of claim 1, further comprising causing a display of one or more offers during the processing.

8. A system, comprising:

one or more processors and one or more computer-readable memories storing program instructions, the one or more processors configured to execute the program instructions to cause the system to perform operations comprising;

receiving, by one or more processors of a payment provider, a payment request from a transaction device at a merchant point of sale (POS);

receiving, by the one or more processors of the payment provider, identification information for a user via the merchant POS, wherein the identification information does not include financial information associated with the user;

accessing, by the one or more processors of the payment provider, a database to identify an account from a plurality of accounts that corresponds to the identification information;

receiving, by the one or more processors of the payment provider, verification information of the user via the merchant POS, wherein the received verification information does not include the financial information associated with the user;

in response to determining that the received verification information corresponds to a stored verification information stored in association with the identified account in the database, approving the payment request; and

in response to the approving, processing, by the one or more processors of the payment provider, the payment request by using the account of the user.

9. The system of claim 8, wherein the verification information comprises a last four digits of a social security number received from a merchant personal identification number device.

10. The system of claim 8, wherein the identification information comprises an email address.

11. The system of claim 9, wherein the identification information comprises a last name and a phone number.

12. The system of claim 8, wherein the accessing, by the one or more processors of the payment provider, the database to identify the account from the plurality of accounts that corresponds to the identification information includes:

accessing the database and identifying that the account and at least one other account of the plurality of accounts correspond to the identification information;

causing a display of the account and the at least one other account; and

receiving a selection of the account.

13. The system of claim 8, wherein the approving further comprises determining that the user is eligible to receive a credit offer, and causing a display of the credit offer on the transaction device.

14. The system of claim 8, further comprising causing a display of one or more offers on the merchant POS.

15. A computer program product, comprising:

one or more computer-readable tangible storage devices, and program instructions stored on at least one of the one or more computer-readable tangible storage devices, the program instructions when executed cause a machine to perform operations comprising;

detecting, by one or more processors of a payment provider, a payment request from a transaction device at a merchant point of sale (POS);

receiving, by the one or more processors of the payment provider, identification information for a user associated with the payment request via the merchant POS, wherein the identification information does not include financial information associated with the user;

accessing, by the one or more processors of the payment provider, a database to identify an account from a plurality of accounts that corresponds to the identification information;

receiving, by the one or more processors of the payment provider, verification information of the user via the merchant POS, wherein the received verification information is received after the account of the user is identified, and wherein the received verification information does not include the financial information associated with the user;

in response to determining that the received verification information corresponds to a stored verification information stored in association with the identified account in the database, approving the payment request; and

in response to the approving, processing, by the one or more processors of the payment provider, the payment request, wherein the processing includes using the account of the user.

16. The computer program product of claim 15, wherein the verification information comprises a last four digits of a social security number received from a merchant personal identification number device.

17. The computer program product of claim 16, wherein the identification information comprises a mailing address or an email address associated with the user.

18. The computer program product of claim 16, wherein the identification information comprises a phone number and a date of birth of the user.

19. The computer program product of claim 15, wherein the accessing, by the one or more processors of the payment provider, the database to identify the account from the plurality of accounts that corresponds to the identification information includes:

accessing the database and identifying that the account and another account of the plurality of accounts correspond to the identification information;

causing a display of the account and the another account; and

receiving a selection of the account.

20. The computer program product of claim 15, further comprising causing one or more offers to be displayed prior to the processing.