Facilitated mobile transactions
First Claim
1. A stand-in payment transaction system comprising:
- a. a transaction facilitator offering at least one for-purchase item and purchase conditions from at least one merchant, wherein at least one preferred payment provider is utilized by said merchant;
b. at least one financial transaction network; and
c. at least one communication device for selecting said for-purchase item from said transaction facilitator offered by said merchant, wherein said transaction facilitator communicates payment information received from said communication device to said preferred payment provider for transacting with said financial transaction network to purchase said for-purchase item.
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Accused Products
Abstract
A stand-in payment and transaction facilitator system is provided. A merchant registers their details with a transaction facilitator and is assigned a merchant identifier. When a mobile user transacts with the merchant, the merchant identifier is communicated to the user'"'"'s mobile device. At the payment step, the transaction facilitator uses the merchant'"'"'s details referenced by their identifier to complete the payment portion of the transaction using any non-cash payment mechanism or service of the users choosing. The transaction facilitator offers for-purchase items from the merchants. The merchants use preferred payment providers. Communication devices are used to select for-purchase items from the transaction facilitator. The transaction facilitator communicates payment information received from the communication device to a financial transaction network for payment in the transaction to purchase the for-purchase item. On payment approval, the transaction facilitator communicates payment approval and a selected for-purchase item list to the merchant.
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Citations
22 Claims
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1. A stand-in payment transaction system comprising:
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a. a transaction facilitator offering at least one for-purchase item and purchase conditions from at least one merchant, wherein at least one preferred payment provider is utilized by said merchant; b. at least one financial transaction network; and c. at least one communication device for selecting said for-purchase item from said transaction facilitator offered by said merchant, wherein said transaction facilitator communicates payment information received from said communication device to said preferred payment provider for transacting with said financial transaction network to purchase said for-purchase item. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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Specification