MOBILE DEVICE INCLUDING COMPUTER READABLE MEDIUM SUITABLE FOR TAX PROCESSING AND CURRENCY CONVERSION

• US 20090112757A1
• Filed: 10/24/2008
• Published: 04/30/2009
• Est. Priority Date: 10/25/2007
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa International Service Association (Visa, Inc.)
• Inventors: Faith, Patrick, Hammad, Ayman
• Granted Patent: US 8,433,651 B2
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/32 using wireless devices
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/3274 using a pictured code, e.g. barcode or QR-code, being displayed on the M-device
• CPC Class Codes: G06Q 20/3276 using a pictured code, e.g. barcode or QR-code, being read by the M-device
• CPC Class Codes: G06Q 20/3825 Use of electronic signatures
• CPC Class Codes: G06Q 20/387 Payment using discounts or coupons relating to marketing G06Q30/02
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/4015 using location information
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/0212 Chance discounts or incentives
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G06Q 40/128 : Check-book balancing, updating or printing arrangements
• CPC Class Codes: H04L 63/18 : using different networks or channels, e.g. using out of band channels cryptographic mechanisms or cryptographic arrangements for key distribution involving distinctive intermediate devices or communication paths H04L9/0827; cryptographic mechanisms or cryptographic arrangements for authentication using a plurality of channels H04L9/3215

Abstract

Systems and methods of converting transactions to a new currency and tax processing based on the location of the mobile communication device. The systems and methods send transaction information including a transaction amount associated with a transaction conducted between a merchant and a consumer at an access device, to a server computer. The server computer determines a location of a mobile communication device operated by the consumer and converts an transaction amount to a currency based on a conversion rate based on the location of the mobile communication device or determines a tax amount based on the transaction amount and based on the location of the mobile communication device. The method also receives the converted transaction amount or the tax amount.

Claims

1. A method comprising:

sending transaction information including a transaction amount associated with a transaction conducted between a merchant and a consumer at an access device, to a server computer, wherein the server computer is configured to determine a location of a mobile communication device operated by the consumer, and determine a tax amount based on the transaction amount and based on the location of the mobile communication device or convert the transaction amount to a currency based on a conversion rate based on the location of the mobile communication device; and

receiving the converted transaction amount or the tax amount.

2. The method of claim 1, wherein the server computer also converts the tax amount to the currency based on the conversion rate based on the location of the mobile communication device.

3. The method of claim 1, wherein the converted transaction amount or the tax amount is received at the access device.

4. The method of claim 1, wherein the converted transaction amount or the tax amount is received at the mobile communication device.

5. The method of claim 1, wherein the conversion rate is based further on a location related to an account of a consumer and a time of the transaction.

6. The method of claim 1, further comprising receiving the conversion rate at the mobile communication device.

7. The method of claim 1, wherein the server computer is further configured to determine the location of the merchant based on GPS data from the mobile communication device.

8. The method of claim 1, wherein the server computer is further configured to determine a secure coupon associated with items in the transaction.

9. The method of claim 8, further comprising receiving the secure coupon at the mobile communication device.

10. A computer readable medium, comprising:

code for sending transaction information including a transaction amount associated with a transaction conducted between a merchant and a consumer at an access device, to a server computer, wherein the server computer is configured to determine a location of a mobile communication device operated by the consumer, and convert the transaction amount to a currency based on a conversion rate based on the location of the mobile communication device or determine a tax amount based on the transaction amount and based on the location of the mobile communication device; and

code for receiving the converted transaction amount or the tax amount.

11. A mobile communication device, comprising:

a computer readable medium comprising code for sending transaction information including a transaction amount associated with a transaction conducted between a merchant and a consumer at an access device, to a server computer, wherein the server computer is configured to determine a location of a mobile communication device operated by the consumer, and determine a tax amount based on the transaction amount and based on the location of the mobile communication device or convert the transaction amount to a currency based on a conversion rate based on the location of the mobile communication device, and code for receiving the converted transaction amount or the tax amount; and

a processor in communication with the computer readable medium.

12. A method comprising:

receiving transaction information including an initial transaction amount associated with a transaction conducted between a merchant and a consumer at an access device;

determining a location of a mobile communication device operated by the consumer;

determining a tax amount based on the initial transaction amount and based on the location of the mobile communication device, or converting the initial transaction amount or a total transaction amount including the initial transaction amount and the tax amount to a currency based on a conversion rate based on the location of the mobile communication device; and

sending the converted transaction amount or the tax amount.

13. The method of claim 12, further comprising converting the tax amount to the currency based on the conversion rate based on the location of the mobile communication device.

14. The method of claim 12, wherein the converted transaction amount or the tax amount is sent to the access device.

15. The method of claim 12, wherein the converted transaction amount or the tax amount is sent to the mobile communication device.

16. The method of claim 12, wherein the conversion rate is based further on a location related to an account of a consumer and a time of the transaction.

17. The method of claim 12, further comprising sending the conversion rate to the mobile communication device.

18. The method of claim 12, wherein the location of a mobile communication device is determined based on GPS data from the mobile communication device.

19. A computer readable medium comprising code for performing the method of claim 12.

20. A server computer configured to perform the method of claim 12.