METHOD AND SYSTEM FOR PERFORMING A CARD-PRESENT TRANSACTION USING IMAGE CAPTURE ON A PORTABLE DEVICE

• US 20090173784A1
• Filed: 01/04/2008
• Published: 07/09/2009
• Est. Priority Date: 01/04/2008
• Status: Active Grant

• Current Assignee: Intuit, Inc.
• Original Assignee: Intuit, Inc.
• Inventors: Yang, Barbara Jer-Chee
• Granted Patent: US 7,802,720 B2
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile devices
• 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

Abstract

Some embodiments of the present invention provide a system that processes a financial transaction involving a portable device and a transaction server. During operation, the system obtains transaction data associated with the financial transaction that includes a transaction amount, credit card information, and an image of a credit card. The system then sends the transaction data to the transaction server using the portable device. Next, the system verifies a card-present transaction using the transaction data and determines a validity of the transaction data. If the transaction data is valid, the transaction server processes the financial transaction and sends an authorization code confirming the financial transaction to the portable device.

Claims

1. A method for processing a financial transaction, comprising:

determining a transaction amount of the financial transaction;

capturing an image of a credit card associated with the financial transaction using a camera on a portable device;

obtaining credit card information associated with the credit card;

sending transaction data to a transaction server using the portable device, wherein the transaction data comprises the transaction amount, the image, and the credit card information; and

if the transaction data is valid;

receiving an authorization code from the transaction server, wherein the authorization code confirms the financial transaction, wherein the financial transaction comprises a card-present transaction.

2. The method of claim 1, further comprising:

if the transaction data is invalid;

receiving an error message from the transaction server, wherein the error message corresponds to an invalid attribute of the financial transaction.

3. The method of claim 1, further comprising:

capturing a second image of the credit card using the camera, wherein the transaction data further comprises the second image.

4. The method of claim 3, wherein the image and the second image are selected from a front image and a back image of the credit card.

5. The method of claim 3, wherein the credit card information is obtained by performing optical character recognition (OCR) on the image and the second image.

6. The method of claim 1, wherein the credit card information comprises a credit card number, an expiration date, and a verification number.

7. The method of claim 6, wherein the credit card information further comprises a postal code.

8. A method for processing a financial transaction, comprising:

receiving transaction data associated with the financial transaction from a portable device, wherein the transaction data comprises;

a transaction amount;

a front image of a credit card associated with the financial transaction;

a back image of the credit card; and

credit card information associated with the credit card;

verifying a card-present transaction using the front image and the back image;

determining a validity of the transaction data; and

if the transaction data is valid;

processing the financial transaction using the transaction amount and the credit card information; and

sending an authorization code to the portable device, wherein the authorization code confirms the financial transaction.

9. The method of claim 8, further comprising:

if the transaction data is invalid;

sending an error message to the portable device, wherein the error message corresponds to an invalid attribute of the financial transaction.

10. The method of claim 8, further comprising:

sending the transaction amount to an accounting system; and

recording the financial transaction at the accounting system using the transaction amount.

11. The method of claim 8, wherein the transaction amount and credit card information are manually entered into the portable device.

12. The method of claim 8, wherein the credit card information is obtained by performing optical character recognition (OCR) on the front image and the back image.

13. The method of claim 8, wherein the credit card information comprises a credit card number, an expiration date, and a verification number.

14. The method of claim 13, wherein the credit card information further comprises a postal code.

15. A system for processing a financial transaction, comprising:

a portable device, comprising;

a transaction application configured to;

determine a transaction amount of the financial transaction;

and

obtain credit card information associated with a credit card associated with the financial transaction;

a camera configured to capture a front image and a back image of the credit card; and

a wireless transceiver configured to send transaction data over a network, wherein the transaction data comprises the transaction amount, the front image, the back image, and the credit card information; and

a transaction server, comprising;

an authentication module configured to;

receive the transaction data from the portable device using the network;

verify a card-present transaction using the front image and the back image; and

determine a validity of the transaction data; and

an authorization module configured to;

process the financial transaction based on the validity of the

transaction data; and

generate an authorization code corresponding to the financial transaction.

16. The system of claim 15, further comprising:

an accounting system configured to obtain a record of the financial transaction from the transaction server.

17. The system of claim 15, wherein the transaction amount and credit card information are manually entered into the portable device.

18. The system of claim 15, wherein the credit card information is obtained by performing optical character recognition (OCR) on the front image and the back image.

19. The system of claim 15, wherein the credit card information comprises a credit card number, an expiration date, and a verification number.

20. The system of claim 19, wherein the credit card information further comprises a postal code.

21. A computer-readable storage medium storing instructions that when executed by a computer cause the computer to perform a method for processing a financial transaction, the method comprising:

determining a transaction amount of the financial transaction;

capturing an image of a credit card associated with the financial transaction using a camera on a portable device;

obtaining credit card information associated with the credit card;

sending transaction data to a transaction server using the portable device, wherein the transaction data comprises the transaction amount, the image, and the credit card information; and

if the transaction data is valid;

receiving an authorization code from the transaction server, wherein the authorization code confirms the financial transaction,

wherein the financial transaction comprises a card-present transaction.

22. The computer-readable storage medium of claim 21, the method further comprising:

if the transaction data is invalid;

receiving an error message from the transaction server, wherein the error message corresponds to an invalid attribute of the financial transaction.

23. The computer-readable storage medium of claim 21, the method further comprising:

capturing a second image of the credit card using the camera, wherein the transaction data further comprises the second image.

24. The computer-readable storage medium of claim 23, wherein the image and the second image are selected from a front image and a back image of the credit card.

25. The computer-readable storage medium of claim 23, wherein the credit card information is obtained by performing optical character recognition (OCR) on the image and the second image.