Payment system clearing for transactions
First Claim
1. A method for a payor paying a merchant using a payment system, the method comprising:
- receiving account information for receiving funds using a money handler, wherein the account information identifies an account of the payor;
generating a token that correlates to the account information;
sending the token to the merchant, wherein the token uniquely identifies the payor and the merchant;
receiving the token corresponding to a payment;
authenticating the token was presented by the merchant; and
transferring the payment from the payor to the merchant with the payment system.
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0 Petitions
Accused Products
Abstract
According to the invention, a method for a payor paying a merchant using a payment system is disclosed. In one step, account information is received that can be used for receiving funds using a money handler. The account information identifies an account of the payor. A token is generated that correlates to the account information. The token is sent to the merchant that uniquely identifies the payor and the merchant. The token, which corresponds to a payment, is received. It is authenticated that the token was presented by the merchant. The payment is transferred from the payor to the merchant with the payment system.
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Citations
24 Claims
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1. A method for a payor paying a merchant using a payment system, the method comprising:
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receiving account information for receiving funds using a money handler, wherein the account information identifies an account of the payor;
generating a token that correlates to the account information;
sending the token to the merchant, wherein the token uniquely identifies the payor and the merchant;
receiving the token corresponding to a payment;
authenticating the token was presented by the merchant; and
transferring the payment from the payor to the merchant with the payment system. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for detecting transfer requests that could be fraudulent, the method comprising:
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receiving account information for receiving funds using a money handler, wherein the account information identifies an account of the payor;
generating a token for a merchant of a plurality of merchants, wherein the token correlates to the account information;
sending the token to the merchant, wherein the token uniquely identifies the payor and the merchant;
receiving the token corresponding to a payment;
determining the token was presented by a party other than the merchant; and
preventing transfer of the payment to the party. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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20. A system for a payor paying a merchant, the system comprising:
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a payment enabler that receives account information for receiving funds using a money handler, wherein the account information identifies an account of the payor;
a money handler interface;
an interface for receiving account information;
a token that uniquely identifies the payor and the merchant, wherein;
the token is sent to the merchant, the token correlates to the account information;
the token is returned to the payment enabler to clear a payment, the returned token is checked, and transferring the payment from the payor to the merchant with the payment system based upon the check of the returned token. - View Dependent Claims (21, 22, 23, 24)
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Specification