VIRTUAL OPEN LOOP PAYMENT
First Claim
Patent Images
1. A mobile device comprising:
- a secure application with a plurality of merchant accounts stored;
a device having electronic indicia that communicates merchant account data at merchants'"'"' points of sale; and
an instant top-up component that increases a stored value of one of the plurality of merchant accounts to make payment at one of the merchants'"'"' points of sale.
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Accused Products
Abstract
A user'"'"'s mobile device is associated with multiple merchant accounts. The merchant accounts may be gift cards, prepaid cards, stored value cards, or the like. Merchant cards may be topped up automatically at the point of sale so that a large number of closed loop merchant cards operate as a virtual open loop network.
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Citations
25 Claims
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1. A mobile device comprising:
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a secure application with a plurality of merchant accounts stored; a device having electronic indicia that communicates merchant account data at merchants'"'"' points of sale; and an instant top-up component that increases a stored value of one of the plurality of merchant accounts to make payment at one of the merchants'"'"' points of sale. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. An apparatus comprising:
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a component to accept a login from a mobile device; a component to identify a user account at a financial institution that corresponds to the login; and a component to top-up a merchant prepaid card when the mobile device is checking out at a merchant. - View Dependent Claims (10, 11)
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12. A method comprising:
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authenticating a user that logs into an electronic financial application; detecting a presence of a secure application at a user device; determining a user account at a financial institution that corresponds to the secure application; and requesting a transfer of funds from the user account to an intermediate account at the financial institution when the user performs a transaction at a merchant point of sale. - View Dependent Claims (13, 14)
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15. A method comprising:
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a user device logging in to an electronic financial application; the user device communicating with a point of sale device to make a purchase using a merchant account associated with the user; and the user device communicating with the electronic financial application to request an instant top-up of the merchant account to pay for the purchase. - View Dependent Claims (16, 17, 18)
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- 19. A mobile device comprising components to select one of a plurality of merchant cards stored therein when interacting with a check-in device, provide for a top-up of the merchant card, and provide electronic indicia of the merchant card when interacting with a check-out device.
- 24. A point of sale device that provides electronic indicia to a mobile device to specify a merchant card to be used at the point of sale.
Specification