GENERATION, MANAGEMENT AND USAGE OF ON-DEMAND PAYMENT IDS
First Claim
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1. A method, comprising:
- receiving, at a central processing system, a request for a payment ID from a consumer;
retrieving a closed-loop, merchant-specific payment ID from a payment ID database;
activating the payment ID; and
funding the payment ID on-demand with a specific, consumer-requested amount.
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Abstract
There is disclosed a method, computer program and system that support purchase transactions at merchants via a Payment ID generated on-demand and funded with a specific consumer-requested amount. The Payment ID, which could include but is not limited to a gift card ID, is then leveraged to complete a transaction at a merchant'"'"'s point of sale (POS) system via the existing methods and processes inherent in the POS system. Also disclosed are related mechanisms to manage a secure database of Payment IDs and dynamically adjust the value tied to Payment IDs to account for any value due the customer from the merchant or other involved party.
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Citations
23 Claims
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1. A method, comprising:
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receiving, at a central processing system, a request for a payment ID from a consumer; retrieving a closed-loop, merchant-specific payment ID from a payment ID database; activating the payment ID; and funding the payment ID on-demand with a specific, consumer-requested amount. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method, comprising:
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receiving an active, closed-loop payment ID from a central processing system; and using the active, closed-loop payment ID to complete a payment transaction with a merchant during an active tender process through the merchant'"'"'s point of sale system by leveraging the existing integration between the merchant and an entity that processes that merchant'"'"'s closed-loop payment transactions. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A computer-implemented method, comprising:
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receiving a set of rules which govern a merchant'"'"'s ability or desire to provide a consumer incentive that includes at least one of promotional offers, coupons, discounts, consumer-relevant messages, and price adjustments; delivering the consumer incentive to the consumer; receiving a funded, closed-loop payment ID from the consumer at the merchant'"'"'s point of service system, wherein the payment ID was at least partially funded with the consumer incentive and wherein a payment value associated with the payment ID represents a total funding amount requested by the consumer less the consumer incentive. - View Dependent Claims (21, 22, 23)
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Specification