System And Method For Processing Transactions Without Providing Account Information To A Payee

• US 20090298427A1
• Filed: 05/29/2009
• Published: 12/03/2009
• Est. Priority Date: 05/30/2008
• Status: Abandoned Application

• Current Assignee: Total System Services Incorporated (Global Payments Incorporated)
• Original Assignee: Total System Services Incorporated (Global Payments Incorporated)
• Inventors: Yarbrough, Franklin Scot, Wilkinson, Rex Carlton, McCoy, Jimmy
• Application Number:
  US12/474,753
• Publication Number:
  US 20090298427A1
• Time in Patent Office: Days
• US Class Current: 455/41.1
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/204 comprising interface for record bearing medium or carrier for electronic funds transfer or payment credit
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3227 using secure elements embedded in M-devices
• CPC Class Codes: G06Q 20/3263 characterised by activation or deactivation of payment capabilities
• 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 30/0255 based on user history

Abstract

Processing financial transactions. without providing information associated with a financial account of a purchaser to the payee of the transaction. A financial institution (card issuer) holding the account can provide a financial account, such as a credit or debit card account to the purchaser (card holder). The card holder can set up a payment option corresponding to this account at a mobile gateway computing system. Instead of presenting the card to a merchant, the card holder can access a payment application executing on a mobile device to select the payment option and extract transaction information from a merchant point of sale. This transaction information can be transmitted to the mobile gateway computing system along with payment option information. The mobile gateway computing system can add account information for the payment option and send the information to the card issuer for approval.

Claims

1. A system for completing a transaction using funding from a financial account provided to an account holder by an account provider without providing a merchant with information associated with the financial account or the account holder, comprising:

a mobile gateway computing system, operable to;

receive transaction data from the account holder, the transaction data comprising an identification of the account holder, an indication of a financial account of the account holder to fund the transaction, and merchant transaction data;

access account data corresponding to the indicated financial account; and

transmit at least a portion of the account data and a portion of the transaction data for approval of the transaction.

2. The system of claim 1, wherein the mobile gateway computing system is further operable to receive an indication of whether the transaction is approved or declined.

3. The system of claim 2, wherein the mobile gateway computing system is further operable to transmit a message comprising the indication of whether the transaction is approved or declined.

4. The system of claim 1, wherein the merchant transaction data comprises at least one of a cost of the transaction, a merchant identification, and a merchant point of sale identification.

5. The system of claim 1, wherein the account data comprises at least one of an account number, a card number corresponding to a card issued by the account provider to the account holder, and an expiration date for the card.

6. The system of claim 1, wherein the mobile gateway computing system further comprises a loyalty program module operable to access loyalty program data.

7. The system of claim 1, wherein the transaction data is received from a payment application executing on a mobile device associated with the account holder.

8. The system of claim 7, wherein the payment application provides a user interface at the mobile device for receiving a selection of the financial account from the account holder.

9. The system of claim 7, wherein the mobile device comprises a two-way communications module for communicating with a merchant point of sale to receive the transaction data and to transmit a confirmation number to the merchant point of sale.

10. A method for completing a transaction using funding from a financial account provided to an account holder by an account provider without providing a payee with information associated with the financial account or the account holder, comprising the steps of:

receiving, at a computing system, transaction data from the account holder, the transaction data comprising an identification of the account holder, an indication of a financial account of the account holder to fund the transaction, and merchant transaction data;

accessing, by the computing system, account data corresponding to the indicated financial account;

transmitting, by the computing system, at least a portion of the account data and a portion of the transaction data for approval of the transaction;

receiving, by the computing system, an indication of whether the transaction is approved or declined; and

if the transaction is approved, transmitting, by the computing system, an approval message to the payee.

11. The method of claim 10, wherein the merchant transaction data comprises at least one of a cost of the transaction, a payee identification, and a payee point of sale identification.

12. The method of claim 10, wherein the account data comprises at least one of an account number, a card number corresponding to a card issued by the account provider to the account holder, and an expiration date for the card.

13. The method of claim 10, further comprising the step of accessing loyalty program data.

14. The method of claim 10, wherein the transaction data is received from a payment application executing on a mobile device associated with the account holder.

15. A mobile device for use in completing a transaction using finding from a financial account provided to an account holder by an account provider without providing a payee with information associated with the financial account or the account holder, comprising:

a payment application executing on the mobile device, the payment application operable to;

provide the account holder with information associated with a plurality of financial accounts of the account holder;

receive a selection of one of the plurality of financial accounts from the account holder;

receive transaction data corresponding to the transaction; and

transmit the transaction data and information associated with the selected financial account from the mobile device to a computing system for processing of the transaction.

16. The mobile device of claim 15, wherein the transaction data comprises at least one of a total cost of the transaction, and an identification of the payee.

17. The mobile device of claim 15, wherein the payment application is further operable to generate a confirmation number corresponding to the transaction.

18. The mobile device of claim 15, further comprising a two-way communications module for communicating with a point of sale device associated with the payee.

19. The mobile device of claim 18, wherein the payment application is operable to receive the transaction data from the point of sale device associated with the payee by way of the two-way communications module.

20. The mobile device of claim 18, wherein the two-way communications module comprises a near field communications module.

21. The mobile device of claim 18, wherein the two-way communications module comprises a Bluetooth module.