METHOD, SYSTEM AND DEVICE FOR EXECUTING A MOBILE TRANSACTION

• US 20120253913A1
• Filed: 12/23/2011
• Published: 10/04/2012
• Est. Priority Date: 04/01/2011
• Status: Abandoned Application

• Current Assignee: Postrel Richard
• Original Assignee: Postrel Richard
• Inventors: Richard, Postrel
• Application Number:
  US13/337,010
• Publication Number:
  US 20120253913A1
• Time in Patent Office: Days
• US Class Current: 705/14.27
• CPC Class Codes: G06Q 20/0855 involving a third party
• 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 20/322 Aspects of commerce using mobile devices [M-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 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/363 with the personal data of a user
• CPC Class Codes: G06Q 20/387 Payment using discounts or coupons relating to marketing G06Q30/02
• CPC Class Codes: G06Q 30/0222 During e-commerce, i.e. online transactions

Abstract

A method of and system for a user executing a mobile transaction. A virtual wallet is generated on a mobile device, the mobile wallet including a reward value component. Information about an item desired to be purchased by the user is input to the mobile device. A proposed payment solution is generated from the virtual wallet that is sufficient to pay for the item and then presented to a point of sale terminal. The point of sale terminal then executes instructions from the proposed payment solution sufficient to execute payment for the item.

Claims

1. A computer-implemented method of a user executing a mobile transaction comprising:

generating a virtual wallet on a mobile device comprising a reward value component;

inputting information about an item desired to be purchased;

generating a proposed payment solution from the virtual wallet sufficient to pay for the item;

presenting the proposed payment solution to a point of sale terminal; and

the point of sale terminal executing instructions from the proposed payment solution sufficient to execute payment for the item.

2. The method of claim 1 wherein the step of generating a virtual wallet on a mobile device comprising a reward value component comprises:

obtaining a reward account balance for each of a plurality of reward accounts with which the user is registered, and

calculating the reward value component of the virtual wallet by adding the value of each reward account balance obtained.

3. The method of claim 2 wherein the reward account balance for each of a plurality of reward accounts with which the user is registered is obtained by the mobile device communicating with an exchange server computer via a computer network, the exchange server computer storing the reward account balances on behalf of the user.

4. The method of claim 2 wherein the reward account balance for each of a plurality of reward accounts with which the user is registered is obtained by the mobile device communicating with a plurality of reward server computers via a computer network to obtain from each of the reward server computers a reward account balance for each of a plurality of reward accounts with which the user is registered.

5. The method of claim 1 further comprising the step of displaying on the mobile device the reward account balance obtained for each of the plurality of reward accounts.

6. The method of claim 1 wherein the virtual wallet further comprises an incentive component comprising at least one purchase incentive.

7. The method of claim 6 wherein the purchase incentive is pushed to the mobile device without user interaction.

8. The method of claim 7 wherein the purchase incentive is based on the geographic location of the mobile device.

9. The method of claim 7 wherein the purchase incentive is based on the identification of the mobile device.

10. The method of claim 7 wherein the purchase incentive is based on a user profile stored on the mobile device.

11. The method of claim 7 wherein the purchase incentive is based on the item to be purchased.

12. The method of claim 6 wherein the purchase incentive is pulled by the mobile device with user interaction.

13. The method of claim 6 further comprising the step of displaying the value of the incentive on the mobile device.

14. The method of claim 1 wherein the step of inputting information about an item desired to be purchased comprises scanning a product bar code associated with the product and using the scanned bar code to retrieve a purchase price for the item.

15. The method of claim 1 wherein the step of inputting information about an item desired to be purchased comprises manually entering a purchase price for the item into an input device on the mobile device.

16. The method of claim 6 wherein the step of generating a proposed payment solution from the virtual wallet sufficient to pay for the item comprises applying a purchase incentive to the purchase price of the item.

17. The method of claim 2 wherein the step of generating a proposed payment solution from the virtual wallet sufficient to pay for the item comprises analyzing the reward account balance for each of the plurality of reward accounts with respect to a preferred reward redemption priority.

18. The method of claim 17 further comprising the step of displaying the proposed payment solution on the mobile device.

19. The method of claim 18 further comprising the step of the user entering a modification of the proposed payment solution.

20. The method of claim 18 further comprising the step of the user accepting the proposed payment solution.

21. The method of claim 1 wherein the step of presenting the proposed payment solution to a point of sale terminal comprises generating a set of payment instructions, each of said payment instructions for carrying out an associated payment component for payment for the item.

22. The method of claim 21 further comprising the steps of

encoding the payment instructions into a bar code symbol;

rendering the bar code symbol on the display of the mobile device; and

scanning the bar code symbol at the point of sale terminal.

23. The method of claim 21 further comprising the steps of reading the payment instructions with wireless communications.

24. The method of claim 23 wherein the wireless communications comprises near field communications.

25. The method of claim 23 wherein the wireless communications comprises bluetooth communications.

26. The method of claim 23 wherein the wireless communications comprises RF communications.

27. The method of claim 23 wherein the wireless communications comprises infrared (IR) communications.

28. The method of claim 1 wherein the step of the point of sale terminal executing instructions from the proposed payment solution sufficient to execute payment for the item comprises an authorization process.

29. The method of claim 24 wherein the authorization process comprises

the point of sale terminal communicating with an exchange server computer in order to receive authorization for each of the payment instructions;

the exchange server computer receiving, for each of the payment instructions, a request from the point of sale terminal to authorize a portion of the purchase price associated with the payment instruction;

for each of the payment instructions, the exchange server computer communicating with an issuer computer associated with each payment instruction and requesting authorization for the associated payment instruction.

30. The method of claim 24 wherein the authorization process comprises, for each of the payment instructions, the point of sale terminal communicating with an issuer computer associated with each payment instruction and requesting authorization for the associated payment instruction.

31. A system for executing a mobile transaction comprising:

a mobile device comprising input means, a display, wireless communications means, and a processor programmed to

generate a virtual wallet comprising a reward value component;

input information about an item desired to be purchased;

generate a proposed payment solution from the virtual wallet sufficient to pay for the item; and

present the proposed payment solution to a point of sale terminal; and

a point of sale terminal comprising input means, a display, communications means, and a processor programmed to

execute instructions from the proposed payment solution sufficient to execute payment for the item.

32. The system of claim 31 wherein the mobile device processor is programmed to generate a virtual wallet comprising a reward value component by:

obtaining a reward account balance for each of a plurality of reward accounts with which the user is registered, and

calculating the reward value component of the virtual wallet by adding the value of each reward account balance obtained.

33. The system of claim 32 further comprising an exchange server computer comprising memory for storing reward account balances on behalf of the user, and wherein the mobile device processor is programmed to obtain a reward account balance for each of a plurality of reward accounts with which the user is registered by communicating with the exchange server computer via a computer network.

34. The system of claim 32 wherein the mobile device processor is programmed to obtain a reward account balance for each of a plurality of reward accounts with which the user is registered by communicating with a plurality of reward server computers via a computer network to obtain from each of the reward server computers a reward account balance for each of a plurality of reward accounts with which the user is registered.

35. The system of claim 31 further wherein the mobile device processor is further programmed to display the reward account balance obtained for each of the plurality of reward accounts.

36. The system of claim 31 wherein the virtual wallet further comprises an incentive component comprising at least one purchase incentive.

37. The system of claim 36 wherein the purchase incentive is pushed to the mobile device without user interaction.

38. The system of claim 37 wherein the purchase incentive is based on the geographic location of the mobile device.

39. The system of claim 37 wherein the purchase incentive is based on the identification of the mobile device.

40. The system of claim 37 wherein the purchase incentive is based on a user profile stored on the mobile device.

41. The system of claim 37 wherein the purchase incentive is based on the item to be purchased.

42. The system of claim 36 wherein the mobile device processor is further programmed to pull the purchase incentive with user interaction.

43. The system of claim 36 wherein the mobile device processor is further programmed to display the value of the incentive.

44. The system of claim 31 wherein the mobile device further comprises a camera, and wherein mobile device processor is programmed to input information about an item desired to be purchased by scanning with the camera a product bar code associated with the product and using the scanned bar code to retrieve a purchase price for the item.

45. The system of claim 31 wherein the mobile device processor is further programmed to input information about an item desired to be purchased by enabling manual entry via the input means of the purchase price for the item.

46. The system of claim 36 wherein the mobile device processor is programmed to generate a proposed payment solution from the virtual wallet sufficient to pay for the item by applying a purchase incentive to the purchase price of the item.

47. The system of claim 32 wherein the mobile device processor is programmed to generate a proposed payment solution from the virtual wallet sufficient to pay for the item by analyzing the reward account balance for each of the plurality of reward accounts with respect to a preferred reward redemption priority.

48. The system of claim 47 wherein the mobile device processor is programmed to display the proposed payment solution on the mobile device.

49. The system of claim 48 wherein the mobile device processor is further programmed to enable the user to enter a modification of the proposed payment solution.

50. The system of claim 48 wherein the mobile device processor is further programmed to enable the user to input an acceptance of the proposed payment solution.

51. The system of claim 31 wherein the mobile device processor is programmed to present the proposed payment solution to a point of sale terminal by generating a set of payment instructions, each of said payment instructions for carrying out an associated payment component for payment for the item.

52. The system of claim 51 wherein the mobile device processor is further programmed to:

encode the payment instructions into a bar code symbol; and

render the bar code symbol on the display of the mobile device; and

wherein

the point of sale terminal is further programmed to scan the bar code symbol.

53. The system of claim 51 wherein the point of sale terminal is further programmed to read the payment instructions with wireless communications means.

54. The system of claim 53 wherein the wireless communications means comprises near field communications.

55. The system of claim 53 wherein the wireless communications means comprises bluetooth communications.

56. The system of claim 53 wherein the wireless communications means comprises RF communications.

57. The system of claim 53 wherein the wireless communications means comprises infrared (IR) communications.

58. The system of claim 31 wherein the point of sale terminal is programmed to execute instructions from the proposed payment solution sufficient to execute payment for the item by executing an authorization process.

59. The system of claim 54 further comprising an exchange server computer, and wherein the point of sale terminal is programmed to execute the authorization process by:

communicating with the exchange server computer in order to receive authorization for each of the payment instructions;

transmitting, for each of the payment instructions, a request to the exchange server computer to authorize a portion of the purchase price associated with the payment instruction; and

wherein

for each of the payment instructions, the exchange server computer is programmed to communicate with an issuer computer associated with each payment instruction and request authorization for the associated payment instruction.

60. The system of claim 54 wherein the point of sale terminal is programmed to, for each of the payment instructions, communicate with an issuer computer associated with each payment instruction and request authorization for the associated payment instruction.

61. A mobile device for executing a mobile transaction comprising input means, a display, wireless communications means, and a processor programmed to

generate a virtual wallet comprising a reward value component;

input information about an item desired to be purchased;

generate a proposed payment solution from the virtual wallet sufficient to pay for the item; and

present the proposed payment solution to a point of sale terminal in order for the point of sale terminal to execute payment for the item.

62. The mobile device of claim 61 wherein the processor is programmed to generate a virtual wallet comprising a reward value component by:

obtaining a reward account balance for each of a plurality of reward accounts with which the user is registered, and

calculating the reward value component of the virtual wallet by adding the value of each reward account balance obtained.

63. The mobile device of claim 62 wherein the processor is programmed to obtain a reward account balance for each of a plurality of reward accounts with which the user is registered by communicating with an exchange server computer via a computer network.

64. The mobile device of claim 62 wherein the processor is programmed to obtain a reward account balance for each of a plurality of reward accounts with which the user is registered by communicating with a plurality of reward server computers via a computer network to obtain from each of the reward server computers a reward account balance for each of a plurality of reward accounts with which the user is registered.

65. The mobile device of claim 61 further wherein the processor is further programmed to display the reward account balance obtained for each of the plurality of reward accounts.

66. The mobile device of claim 61 wherein the virtual wallet further comprises an incentive component comprising at least one purchase incentive.

67. The mobile device of claim 66 wherein the purchase incentive is pushed to the mobile device without user interaction.

68. The mobile device of claim 67 wherein the purchase incentive is based on the geographic location of the mobile device.

69. The mobile device of claim 67 wherein the purchase incentive is based on the identification of the mobile device.

70. The mobile device of claim 67 wherein the purchase incentive is based on a user profile stored on the mobile device.

71. The mobile device of claim 67 wherein the purchase incentive is based on the item to be purchased.

72. The mobile device of claim 66 wherein the processor is further programmed to pull the purchase incentive with user interaction.

73. The mobile device of claim 66 wherein the processor is further programmed to display the value of the incentive.

74. The mobile device of claim 61 further comprising a camera, and wherein processor is programmed to input information about an item desired to be purchased by scanning with the camera a product bar code associated with the product and using the scanned bar code to retrieve a purchase price for the item.

75. The mobile device of claim 61 wherein the processor is further programmed to input information about an item desired to be purchased by enabling manual entry via the input means of the purchase price for the item.

76. The mobile device of claim 66 wherein the processor is programmed to generate a proposed payment solution from the virtual wallet sufficient to pay for the item by applying a purchase incentive to the purchase price of the item.

77. The mobile device of claim 62 wherein the processor is programmed to generate a proposed payment solution from the virtual wallet sufficient to pay for the item by analyzing the reward account balance for each of the plurality of reward accounts with respect to a preferred reward redemption priority.

78. The mobile device of claim 77 wherein the processor is programmed to display the proposed payment solution.

79. The mobile device of claim 78 wherein the processor is further programmed to enable the user to enter a modification of the proposed payment solution.

80. The mobile device of claim 78 wherein the processor is further programmed to enable the user to input an acceptance of the proposed payment solution.

81. The mobile device of claim 61 wherein the processor is programmed to present the proposed payment solution to a point of sale terminal by generating a set of payment instructions, each of said payment instructions for carrying out an associated payment component for payment for the item.

82. The mobile device of claim 81 wherein the processor is further programmed to:

encode the payment instructions into a bar code symbol; and

render the bar code symbol on the display of the mobile device.

83. The mobile device of claim 81 wherein the processor is further programmed to transmit the payment instructions with wireless communications means.

84. The mobile device of claim 83 wherein the wireless communications means comprises near field communications.

85. The mobile device of claim 83 wherein the wireless communications means comprises bluetooth communications.

86. The mobile device of claim 83 wherein the wireless communications means comprises RF communications.

87. The mobile device of claim 83 wherein the wireless communications means comprises infrared (IR) communications.