PAYMENT SYSTEMS AND METHODOLOGIES

• US 20110231270A1
• Filed: 01/13/2011
• Published: 09/22/2011
• Est. Priority Date: 03/17/2010
• Status: Active Grant

• Current Assignee: Verifone, Inc. (Verifone Systems, Inc.)
• Original Assignee: Verifone, Inc. (Verifone Systems, Inc.)
• Inventors: Loomis, Dan, DYKES, Robert
• Granted Patent: US 9,280,768 B2
• Time in Patent Office: Days
• US Class Current: 705/17
• CPC Class Codes: G06Q 20/045 using payment protocols involving tickets
• CPC Class Codes: G06Q 20/0855 involving a third party
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• 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 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/32 using wireless 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 20/385 using an alias or single-use codes
• 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

A transaction system including at least two transaction communicators, at least one of which is a mobile communicator, at least one of the at least two transaction communicators having sequential visually sensible indicia generation functionality operative to generate a time sequence of indicia which provides at least transaction data and at least one of the at least two transaction communicators having sequential visually sensible indicia receiving functionality and transaction data extraction functionality capable of extracting at least the transaction data from the time sequence of particular indicia, whereby a time sequence of indicia which provides at least transaction data is transmitted from one of the at least two transaction communicators to another of the at least two transaction communicators.

Claims

1. A transaction system comprising:

at least two transaction communicators at least one of which is a mobile communicator;

at least one of said at least two transaction communicators having sequential visually sensible indicia generation functionality operative to generate a time sequence of indicia which provides at least transaction data; and

at least one of said at least two transaction communicators having sequential visually sensible indicia receiving functionality and transaction data extraction functionality capable of extracting at least said transaction data from said time sequence of particular indicia,

whereby a time sequence of indicia which provides at least transaction data is transmitted from one of said at least two transaction communicators to another of said at least two transaction communicators.

2. A transaction system according to claim 1 and wherein said indicia are spatial patterns.

3. A transaction system according to claim 1 and wherein said indicia are images.

4. A transaction system according to claim 1 and wherein at least some of said indicia are in different colors.

5. A transaction system according to claim 1 and wherein said time sequence of indicia comprises a multiplicity of visually sensible indicia generated in a particular order.

6. A transaction system according to claim 1 and wherein said time sequence of indicia comprises a multiplicity of visually sensible indicia which are generated each time in a different order.

7. A transaction system according to claim 1 and wherein said time sequence has a particular order.

8. A transaction system according to claim 7 and wherein said time sequence represents a Morse-type code.

9. A transaction system according to claim 7 and wherein said time sequence represents ASCII characters.

10. A transaction system according to claim 1 and wherein said time sequence includes visually sensible indicia of various colors.

11. A transaction system according to claim 1 and wherein at least one of said at least two transaction communicators is a point of sale terminal.

12. A point of sale transaction system comprising:

at least one point of sale terminal having magnetic card stripe reading functionality;

at least one transaction card having a dynamically changeable magnetic stripe bearing transaction data and having optical transaction data reading functionality and functionality for encoding said transaction data onto said dynamically changeable magnetic stripe; and

at least one mobile communication device having visually sensible indicia generation functionality, said visually sensible indicia generation functionality being capable of generating indicia which provides at least said transaction data and which is readable by said at least one transaction card.

13. A point of sale transaction system comprising:

a plurality of mobile communication devices having sequential time based visually sensible indicia generation functionality, said time based visually sensible indicia generation functionality being capable of generating a time sequence of indicia which together provides at least one of payment card data and coupon data; and

a point of sale terminal having a sequential time based visually sensible indicia receiving functionality and transaction data extraction functionality capable of extracting said at least one of payment card data and coupon data from said particular sequence of particular indicia.

14. A point of sale transaction system according to claim 13 and wherein said time based visually sensible indicia are video images.

15. A point of sale transaction system according to claim 13 and wherein at least some of said indicia are in different colors.

16. A point of sale transaction system according to claim 13 and wherein said particular sequence of particular indicia comprises a multiplicity of visually sensible indicia generated in a particular time sequenced order.

17. A point of sale transaction system according to claim 13 and wherein said particular sequence of particular indicia comprises a multiplicity of visually sensible indicia which are generated each time in a different particular order.

18. A point of sale transaction system comprising:

a plurality of mobile communication devices having sequential time based visually sensible indicia generation functionality, said time based visually sensible indicia generation functionality being capable of generating a particular sequence of particular indicia which together provides at least payment card data and or coupon data; and

a point of sale terminal having sequential time based visually sensible indicia generation functionality, said time based visually sensible indicia generation functionality being capable of generating a particular sequence of particular indicia which together provides at least payment card handshaking and security confirmation data and or coupon acceptance data; and

a plurality of mobile communication devices having video cameras capable of assimilating sequential time based visually sensible indicia receiving functionality and transaction data extraction functionality capable of extracting at least said payment card handshaking and security confirmation data and or coupon acceptance data from said particular sequence of particular indicia.

19. A transaction system according to claim 18 and wherein said time sequence of indicia comprises a multiplicity of visually sensible indicia which are generated each time in a different order.

20. A transaction system according to claim 18 and wherein said indicia are spatial patterns.