BUSINESS TO BUSINESS MOBILE VAULT

• US 20120323777A1
• Filed: 06/19/2012
• Published: 12/20/2012
• Est. Priority Date: 06/20/2011
• Status: Abandoned Application

• Current Assignee: Mozido, LLC (Fintiv, Inc.)
• Original Assignee: Mozido, LLC (Fintiv, Inc.)
• Inventors: Liberty, Michael A.
• Application Number:
  US13/527,466
• Publication Number:
  US 20120323777A1
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3255 using mobile network messaging services for payment, e.g. SMS
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes

Abstract

Embodiments extend to methods, systems, and computer program products for a business to business mobile vault. Embodiments allow retailers to pay distributors electronically through the use of a mobile device such as a mobile phone. Electronic payment through a mobile phone is more efficient than a currency transaction and reduces the amount of currency that delivery and distributor personnel handle. Further, mobile phone communication is available in many geographic locations, and in some geographic locations is the only form of communication available. Thus, electronic payment through a mobile phone can often be used even when other computer systems and specialized equipment such as point of sale terminals are not available or are not used, and when other types of data connections are not available.

Claims

1. A computer system comprising the following:

one or more processors;

system memory;

one or more computer-readable storage media having stored thereon computer-executable instructions that, when executed by the one or more processors, causes the computing system to perform a method for allowing a merchant to pay a distributor for delivered goods using an electronic payment system, the method comprising the following;

receiving a payment instruction from a merchant, the payment instruction indicating that a distributor'"'"'s invoice for a specified amount is to be paid from the merchant'"'"'s mobile wallet, the invoice being generated for one or more goods physically delivered from the distributor to the merchant, the merchant and the distributor both having mobile wallets;

validating that the merchant'"'"'s mobile wallet has a balance of funds sufficient to pay the amount specified in the invoice;

debiting the merchant'"'"'s mobile wallet by the specified amount of funds;

crediting the distributor'"'"'s mobile wallet by the specified amount of funds; and

sending a notification to the distributor indicating that the invoice has been paid.

2. The computer system of claim 1, wherein the merchant'"'"'s payment instruction is received from the merchant'"'"'s mobile device using wireless communication.

3. The computer system of claim 2, further comprising sending a payment received notification to the merchant'"'"'s mobile device.

4. The computer system of claim 1, wherein the indication sent to the distributor is sent to the distributor'"'"'s mobile device using wireless communication.

5. The computer system of claim 1, wherein the distributor'"'"'s invoice is submitted to the merchant'"'"'s mobile device by a delivery person on behalf of the distributor.

6. The computer system of claim 5, further comprising, prior to receiving the payment instruction from the merchant mobile device, receiving invoice submission data from the delivery person'"'"'s mobile device using wireless communication, the invoice submission data indicating that the merchant is to be invoiced in the specified amount for the physically delivered goods.

7. The computer system of claim 6, further comprising sending an electronic invoice to the merchant'"'"'s mobile device in response to receiving a request from the merchant and in response to receiving the invoice submission data from the delivery person on behalf of the distributor, the electronic invoice indicating that the merchant owes the distributor the specified amount for the physically delivered goods.

8. The computer system of claim 7, wherein receiving a payment instruction from a merchant mobile device using wireless communication comprises receiving a payment instruction indicating that the electronic invoice is to be paid from the merchant'"'"'s mobile wallet.

9. The computer system of claim 7, wherein receiving a payment instruction from the merchant mobile device using wireless communication comprises receiving a payment instruction indicating that a paper invoice is to be paid from the merchant'"'"'s mobile wallet.

10. The computer system of claim 1, further comprising sending the merchant an additional notification notifying the merchant of a pending delivery.

11. The computer system of claim 10, wherein the additional notification indicates a delivery date and time window in which the deliver is to occur.

12. The computer system of claim 11, wherein subsequent notifications are sent to the merchant automatically upon the occurrence of a delay.

13. The computer system of claim 1, further comprising sending the merchant a real-time inventory adjustments notification that indicates the merchant'"'"'s newly received goods.

14. The computer system of claim 1, further comprising automatically closing out a merchant accounts receivable (A/R) account upon completion of the transaction.

15. The computer system of claim 1, wherein the electronic payment system utilizes an internal processor to maintain individual merchant mobile wallet balances in addition to distributor mobile wallet balances.

16. A mobile payment platform, the mobile payment platform including:

an electronic payment system, the electronic payment system including one or more computer storage devices having stored thereon computer executable instructions representing a payment processor, an invoice processor, a merchant mobile wallet, and a distributor mobile vault, the distributor mobile vault including a distributor mobile wallet and distributor invoicing data, the merchant mobile wallet for a merchant, the distributor mobile vault for a distributor;

a distributor mobile device, the distributor mobile device including one or more computer storage devices having stored thereon computer executable instructions representing an invoicing application; and

an merchant mobile device, the merchant mobile device including one or more computer storage devices having stored thereon computer executable instructions representing a mobile wallet application; and

wherein the invoice processor is configured to;

receive invoice submission data from the distributor'"'"'s mobile device, the invoice submission data indicating that goods valued at a specified amount were physically delivered to the merchant;

generate an electronic invoice based on the invoice submission

submit the generated electronic invoice to the merchant'"'"'s mobile device;

record generation of the electronic invoice in the distributor'"'"'s mobile vault;

receive an indication that an electronic invoice has been paid; and

record the indication that the electronic invoice has been paid in the distributor'"'"'s mobile vault.

17. The mobile payment platform of claim 16, wherein the payment processor is configured to:

receive a payment instruction from a merchant, the payment instruction indicating that a distributor'"'"'s invoice for a specified amount is to be paid from the merchant'"'"'s mobile wallet, the invoice being generated for one or more goods physically delivered from the distributor to the merchant, the merchant and the distributor both having mobile wallets;

validate that the merchant'"'"'s mobile wallet has a balance of funds sufficient to pay the amount specified in the invoice;

debit the merchant'"'"'s mobile wallet by the specified amount of funds;

credit the distributor'"'"'s mobile wallet by the specified amount of funds; and

send a notification to the distributor indicating that the invoice has been paid.

18. The mobile payment platform of claim 16, wherein the generated electronic invoice is submitted to the merchant'"'"'s mobile device by a delivery person on behalf of the distributor.

19. The mobile payment platform of claim 16, the merchant uses the mobile payment platform for performing at least one of the following in addition to making payments for received goods:

bill payments, remittances, mobile phone airtime top-up and retail purchases.

20. A mobile payment platform, the mobile payment platform including:

an electronic payment system, the electronic payment system including one or more computer storage devices having stored thereon computer executable instructions representing a payment processor, an invoice processor, a merchant mobile wallet, and a distributor mobile vault, the distributor mobile vault including a distributor mobile wallet and distributor invoicing data, the merchant mobile wallet for a merchant, the distributor mobile vault for a distributor;

a distributor mobile device, the distributor mobile device including one or more computer storage devices having stored thereon computer executable instructions representing an invoicing application; and

an merchant mobile device, the merchant mobile device including one or more computer storage devices having stored thereon computer executable instructions representing a mobile wallet application; and

wherein the invoice processor is configured to;

receive invoice submission data from the distributor'"'"'s mobile device, the invoice submission data indicating that goods valued at a specified amount were physically delivered to the merchant;

generate an electronic invoice based on the invoice submission data;

submit the generated electronic invoice to the merchant'"'"'s mobile device;

record generation of the electronic invoice in the distributor'"'"'s mobile vault;

receive an indication that an electronic invoice has been paid; and

record the indication that the electronic invoice has been paid in the distributor'"'"'s mobile vault; and

wherein the payment processor is configured to;

receive a payment instruction from a merchant, the payment instruction indicating that a distributor'"'"'s invoice for a specified amount is to be paid from the merchant'"'"'s mobile wallet, the invoice being generated for one or more goods physically delivered from the distributor to the merchant, the merchant and the distributor both having mobile wallets;

validate that the merchant'"'"'s mobile wallet has a balance of funds sufficient to pay the amount specified in the invoice;

debit the merchant'"'"'s mobile wallet by the specified amount of funds;

credit the distributor'"'"'s mobile wallet by the specified amount of funds; and

send a notification to the distributor indicating that the invoice has been paid.