MULTI-FACTOR AND MULTI-CHANNEL ID AUTHENTICATION AND TRANSACTION CONTROL AND MULTI-OPTION PAYMENT SYSTEM AND METHOD

• US 20130066772A1
• Filed: 09/07/2012
• Published: 03/14/2013
• Est. Priority Date: 09/09/2011
• Status: Abandoned Application

• Current Assignee: Chuyu Xiong
• Original Assignee: Chuyu Xiong
• Inventors: XIONG, Chuyu
• Application Number:
  US13/606,352
• Publication Number:
  US 20130066772A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06F 21/32 using biometric data, e.g. fingerprints, iris scans or voiceprints
• CPC Class Codes: G06F 21/35 communicating wirelessly
• CPC Class Codes: G06F 21/43 wireless channels
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: H04L 2209/42 Anonymization, e.g. involving pseudonyms
• CPC Class Codes: H04L 2209/56 Financial cryptography, e.g. electronic payment or e-cash
• CPC Class Codes: H04L 9/3228 One-time or temporary data, i.e. information which is sent for every authentication or authorization, e.g. one-time-password, one-time-token or one-time-key

Abstract

The present disclosure provides a multi-option system and method for payment of selected item from a merchant. A purchaser selects a payment option through an electronic device. A payment message indicating the selected payment option and the purchaser'"'"'s account information associated with the selected payment option is sent to a payment portal. The payment portal selects a suitable participating entity based on the selected payment option and sends the purchaser'"'"'s account information to the selected participating entity. The participating entity authenticates the purchaser'"'"'s account and generates an instruction message based on the result of the authentication. The portal receives the instruction message and sends the same to a server of the merchant.

Claims

1. A method of allowing a purchaser to use an electronic device to execute the payment of a selected item from a merchant, the method comprising:

receiving a code representative of transaction-related information associated with the selected item;

retrieving the transaction-related information from the code;

validating the transaction-related information;

selecting at least one payment option from a plurality of predetermined payment options;

generating a payment message based on the transaction-related information and the payment option, the payment message comprising a first segment indicating the payment option and a second segment indicating the purchaser'"'"'s account data associated with the payment option; and

sending the payment message to a payment portal in communication with a plurality of participating entities, each of said participating entities being associated with at least one of the plurality of predetermined payment options.

2. The method of claim 1, wherein the receiving the code representative of transaction-related information associated with the selected item comprises scanning the code displayed on a terminal in communication with a server of the merchant.

3. The method of claim 1, wherein the transaction-related information associated with the selected item comprises the identification of the selected item, the price of the selected item, the recipient of the selected item, the delivery address of the selected item and the recipient of a confirmation message after delivery.

4. The method of claim 1, wherein the plurality of predetermined payment options comprise credit card payment, debit card payment, third party payment, bank transfer payment and small amount account payment.

5. The method of claim 1, wherein the plurality of participating entities comprise banks, credit card companies, third party payment institutions and small amount account payment institutions.

6. A method of allowing a purchaser to execute the payment of a selected item from a merchant through a payment portal in communication with a plurality of participating entities, each participating entity associated with at least one of a plurality of predetermined payment options, the method comprising:

receiving a payment message comprising a first segment indicating a payment option selected by the purchaser from the plurality of predetermined payment options and a second segment indicating the purchaser'"'"'s account data associated with the selected payment option;

selecting a participating entity associated with the selected payment option based on the first segment of the payment message;

sending the second segment of the payment message to the selected participating entity for validating the purchaser'"'"'s account associated with the selected payment option;

receiving an instruction message from the selected participating entity, the instruction message generated based on the validity of the purchaser'"'"'s account; and

sending the instruction message to a server of the merchant.

7. The method of claim 6, wherein the plurality of predetermined payment options comprise credit card payment, debit card payment, third party payment, bank transfer payment and small amount account payment.

8. The method of claim 6, wherein the plurality of participating entities comprise banks, credit card companies, third party payment institutions and small amount account payment institutions.

9. A computer program product for use with a computer, the computer program product comprising a computer readable storage medium having recorded thereon a computer-executable program for causing the computer to perform a process of allowing a purchaser to use an electronic device to execute the payment of a selected item from a merchant, the process comprising:

receiving a code representative of transaction-related information associated with the selected item;

retrieving the transaction-related information from the code;

validating the transaction-related information;

selecting at least one payment option from a plurality of predetermined payment options;

generating a payment message based on the transaction-related information and the payment option, the payment message comprising a first segment indicating the payment option and a second segment indicating the purchaser'"'"'s account data associated with the payment option; and

sending the payment message to a payment portal in communication with a plurality of participating entities, each of said participating entities being associated with at least one of the plurality of predetermined payment options.

10. A data processing system for allowing a purchaser to use an electronic device to execute the payment of a selected item from a merchant, the system comprising:

a transceiver configured to receive a code representative of transaction-related information associated with the selected item;

a processor configured to retrieve the transaction-related information from the code;

a display configured to display the transaction-related information, such that the transaction-related information can be validated by the purchaser; and

a user interface configured to allow the purchaser to select a payment option from a plurality of predetermined payment options;

wherein the processor is further configured to generate a payment message based on the transaction-related information and the payment option, the payment message comprising a first segment indicating the payment option and a second segment indicating the purchaser'"'"'s account data associated with the payment option; and

wherein the transceiver is further configured to send the payment message to a payment portal in communication with a plurality of participating entities, each of said participating entities being associated with at least one of the plurality of predetermined payment options.

11. A computer program product for use with a computer, the computer program product comprising a computer readable storage medium having recorded thereon a computer-executable program for causing the computer to perform a process of allowing a purchaser to execute the payment of a selected item from a merchant through a portal in communication with a plurality of participating entities, each participating entity associated with at least one of a plurality of predetermined payment options, the process comprising:

receiving a payment message comprising a first segment indicating a payment option selected by the purchaser from the plurality of predetermined payment options and a second segment indicating the purchaser'"'"'s account data associated with the selected payment option;

selecting a participating entity associated with the selected payment option based on the first segment of the payment message;

sending the second segment of the payment message to the selected participating entity for validating the purchaser'"'"'s account associated with the selected payment option;

receiving an instruction message from the selected participating entity, the instruction message generated based on the validity of the purchaser'"'"'s account; and

sending the instruction message to a server of the merchant.

12. A data processing system for allowing a purchaser to execute the payment of a selected item from a merchant through a portal in communication with a plurality of participating entities, each participating entity associated with at least one of a plurality of predetermined payment options, the system comprising:

a transceiver configured to receive a payment message comprising a first segment indicating a payment option selected by the purchaser and a second segment indicating the purchaser'"'"'s account data associated with the selected payment option; and

a processor configured to select a participating entity associated with the selected payment option based on the first segment of the payment message;

wherein the transceiver is further configured to send the second segment of the payment message to the selected participating entity for validating the purchaser'"'"'s account, receive an instruction message generated based on the validity of the purchaser'"'"'s account from the selected participating entity, and send the instruction message to a server of the merchant.