System and method of facilitating contactless payment transactions across different payment systems using a common mobile device acting as a stored value device
First Claim
1. A system for facilitating contactless payment transactions across a plurality of different contactless payment systems using a user'"'"'s mobile device that acts as a stored value device, comprising:
- a communication module coupled to the mobile device and operable to emulate different transmission standards used by the plurality of different contactless payment systems;
a mobile application executable in the mobile device acting as the stored value device and being associated with a second contactless payment system, the mobile application together with the communication module operable to emulate the transmission standard and data exchange format used by a first contactless payment system unassociated with the mobile device to perform a first contactless payment transaction with a first merchant associated with the first payment system; and
a service application executable in a service operator computer and operable to communicate with the first and second payment systems to settle the amount owed to the first payment system by the second payment system according to the performed first contactless payment transaction.
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0 Petitions
Accused Products
Abstract
A system for facilitating contactless payment transactions across different contactless payment systems using a common mobile device that acts as a stored value device is provided. A combination of a mobile application and a communication module allows the mobile device, which is associated with one payment system, to emulate various transmission standards and data exchange formats that are used in different payment systems in order to perform contactless payment transactions with merchants that are associated with different contactless payment systems. A service application running in a service operator computer communicates with the various contactless payment systems to facilitate the settlement of the amount owed to various payment systems by the one payment system associated with the mobile device.
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Citations
29 Claims
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1. A system for facilitating contactless payment transactions across a plurality of different contactless payment systems using a user'"'"'s mobile device that acts as a stored value device, comprising:
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a communication module coupled to the mobile device and operable to emulate different transmission standards used by the plurality of different contactless payment systems;
a mobile application executable in the mobile device acting as the stored value device and being associated with a second contactless payment system, the mobile application together with the communication module operable to emulate the transmission standard and data exchange format used by a first contactless payment system unassociated with the mobile device to perform a first contactless payment transaction with a first merchant associated with the first payment system; and
a service application executable in a service operator computer and operable to communicate with the first and second payment systems to settle the amount owed to the first payment system by the second payment system according to the performed first contactless payment transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system for facilitating contactless payment transactions across a plurality of different contactless payment systems using a user'"'"'s mobile device that acts as a stored value device, comprising:
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a mobile application executable in the mobile device acting as a stored value device and being associated with one of the plurality of contactless payment systems and unassociated with other ones of the plurality of contactless payment systems, the mobile application operable to perform contactless payment transactions with merchants associated with any one of the plurality of contactless payment systems by emulating the transmission standards and data exchange formats used by the plurality of contactless payment systems;
a service application executable in a service operator computer operable to communicate with the plurality of contactless payment systems to settle the amounts owed to the other contactless payment systems by the one contactless payment system associated with the mobile device according to the contactless payment transactions performed by the mobile device with the other contactless payment systems. - View Dependent Claims (13, 14, 15, 16, 17, 18)
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19. A method of facilitating contactless payment transactions across a plurality of different contactless payment systems using a user'"'"'s mobile device that acts as a stored value device, comprising the steps of:
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performing by a mobile device a first contactless payment transaction with a first merchant associated with a first contactless payment system, wherein a mobile application is executed in the mobile device acting as the stored value device and the mobile device is associated with a second contactless payment system, the step of performing a first contactless payment transaction including the step of emulating by the mobile application and the mobile device the transmission standard and data exchange format used by the first contactless payment system unassociated with the mobile device;
communicating with the first and second payment systems by a service application executable in a service operator computer in order to settle the amount owed to the first payment system by the second payment system. - View Dependent Claims (20, 21, 22, 23, 24, 25, 26, 27, 28, 29)
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Specification