ON-DEMAND GENERATION OF TENDER IDS FOR PROCESSING THIRD-PARTY PAYMENTS VIA MERCHANT POS SYSTEMS
First Claim
Patent Images
1. A computer-implemented method for managing a payment processing system having a central processing system, the method comprising:
- receiving, at the central processing system, a request from an authorized consumer access device; and
generating, in response to receiving the request, a Tender ID on-demand based on information contained in the request, wherein the information contained in the request comprises at least one of merchant name where payment will be made, type of service for which payment will be made, transaction type and transaction amount; and
returning the Tender ID to the authorized consumer access device, such that the Tender ID is useable with the requested merchant'"'"'s POS in a format tailored to that merchant'"'"'s POS.
0 Assignments
0 Petitions
Accused Products
Abstract
A closed loop payment system, such as those leveraged to activate or process gift cards, is employed to enable consumers to make payments for multiple payees at a plurality of retail locations. The systems, methods and techniques also enable financial settlement of the consumer payments across multiple parties, and the systems, methods and techniques enable consumers to manage an individual payment profile using an Internet connected device or mobile phone.
43 Citations
9 Claims
-
1. A computer-implemented method for managing a payment processing system having a central processing system, the method comprising:
-
receiving, at the central processing system, a request from an authorized consumer access device; and generating, in response to receiving the request, a Tender ID on-demand based on information contained in the request, wherein the information contained in the request comprises at least one of merchant name where payment will be made, type of service for which payment will be made, transaction type and transaction amount; and returning the Tender ID to the authorized consumer access device, such that the Tender ID is useable with the requested merchant'"'"'s POS in a format tailored to that merchant'"'"'s POS. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
-
Specification