METHODS AND SYSTEMS FOR PROVIDING A PAYMENT ACCOUNT WITH ADAPTIVE INTERCHANGE

• US 20130166402A1
• Filed: 12/20/2012
• Published: 06/27/2013
• Est. Priority Date: 12/21/2011
• Status: Active Grant

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Parento, Stephen A., Hynes, Ron
• Granted Patent: US 9,053,481 B2
• Time in Patent Office: Days
• US Class Current: 705/21
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/202 Interconnection or interaction of plural electronic cash registers [ECR] or to host computer, e.g. network details, transfer of information from host to ECR or from ECR to ECR
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3278 RFID or NFC payments by means of M-devices
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists

Abstract

Pursuant to some embodiments, systems, methods, apparatus, and means for conducting payment transactions using mobile devices are provided in which a mobile device is presented at a point of sale for use in a payment transaction. A selection of a primary account is received from a user of the mobile device, and the mobile device automatically identifies a product type of the primary payment account. The mobile device selects and transmits a proxy payment account identifier having a product type equivalent to the product type of the primary payment account to the point of sale for use in the payment transaction. The point of sale causes a first payment authorization request message to be routed to an issuer of the proxy payment account.

Claims

1. A method for operating a mobile device to conduct a payment transaction, comprising:

presenting the mobile device at a point of sale for use in a payment transaction;

receiving, from a user of said mobile device, a selection of a primary payment account for use in said payment transaction;

automatically identifying a product type of said primary payment account; and

automatically identifying a proxy payment account identifier having an equivalent product type as said product type of said primary payment account and causing said proxy payment account identifier to be transmitted to said point of sale for use in said payment transaction.

2. The method of claim 1, further comprising:

causing a first payment authorization request message to be routed to an issuer of said proxy payment account, said first payment authorization request message including said proxy payment account identifier, and a purchase amount of said payment transaction, said first payment authorization request message assessed a first interchange fee at a first interchange rate.

3. The method of claim 2, further comprising:

causing a second payment authorization request message to be created by said issuer of said proxy payment account, said second payment authorization request message including information identifying a primary payment account associated with said proxy payment account, and said purchase amount of said payment transaction, said second payment authorization request message assessed an interchange fee substantially equivalent to said first interchange fee and at said first interchange rate.

4. The method of claim 1, wherein said automatically identifying a product type is performed under control of a payment application operated on said mobile device.

5. The method of claim 4, wherein said automatically identifying a proxy payment account identifier is performed under control of said payment application.

6. The method of claim 1, wherein said primary payment account is selected from among a plurality of primary payment accounts associated with said mobile device.

7. The method of claim 1, wherein said product type is one of (i) a debit product, (ii) a prepaid debit product, and (ii) a credit product.

8. The method of claim 1, wherein a product type of said proxy payment account is a prepaid debit product.

9. A method for configuring a mobile device for use as a payment device, comprising:

receiving, at a proxy account management server, a request to configure a mobile device for use as a payment device, said request including information identifying a primary payment account for use in payment transactions involving said mobile device, said information including a primary account number associated with said primary payment account;

determining a product type of said primary payment account;

issuing a proxy account for use with said mobile device, said proxy account being a prepaid debit account;

generating a proxy account identifier and associating said proxy account identifier with (i) said proxy account and (ii) said primary payment account number, said proxy account identifier generated to have a product type equivalent to said product type of said primary payment account; and

transmitting said proxy account identifier to said mobile device for use in conjunction with a payment application stored on said mobile device to configure said mobile device and said proxy account identifier for use in payment transactions involving said mobile device.

10. The method of claim 9, wherein said request to configure a mobile device further includes information identifying at least a second primary payment account for use in payment transactions involving said mobile device.

11. The method of claim 10, further comprising:

determining a product type of said at least second primary payment account;

generating at least a second proxy account identifier and associating said at least second proxy account identifier with (i) said proxy account, and (ii) said at least second primary payment account number, said at least second proxy account identifier having a product type equivalent to said product type of said at least second primary payment account; and

transmitting said at least second proxy account identifier to said mobile device for use in conjunction with said payment application stored on said mobile device to configure said mobile device and said at least second proxy account identifier for use in payment transactions involving said mobile device.

12. The method of claim 10, wherein said product type of said primary payment account is different than said product type of said at least second primary payment account.

13. The method of claim 9, wherein said transmitting said proxy account identifier to said mobile device further comprises:

transmitting an image representation of said primary payment account, said image representation for display to a user of said mobile device when conducting a payment transaction involving said proxy account identifier.

14. The method of claim 10, wherein said product type of said primary payment account is associated with a first interchange rate and said product type of said at least second primary payment account is associated with at least a second interchange rate.

15. The method of claim 9, wherein said product type of said primary payment account is associated with a first interchange rate and a product type of said proxy account is associated with a second interchange rate different than said first interchange rate.

16. A processing system, comprising:

a processor; and

a memory in communication with said processor and storing program instructions, the processor operative with the program instructions to;

receive a first authorization request associated with a transaction at a point of sale, the first authorization request including information identifying a transaction amount and a proxy account identifier, said first authorization request assessed a first interchange fee at a first interchange rate;

determine, based on said proxy account identifier, an associated proxy payment account, said associated proxy payment account associated with a funding payment account;

generate a second authorization request including information identifying said transaction amount and an identifier associated with said funding payment account; and

transmit said second authorization request to an issuer of said funding payment account for authorization of said transaction, said second authorization request assessed an interchange fee substantially equivalent to said first interchange fee and at said first interchange rate.

17. The processing system of claim 16, wherein said second authorization request further includes information identifying said first authorization request.

18. The processing system of claim 16, wherein said second authorization request further includes information identifying the transaction as a transaction involving a proxy payment account.

19. The processing system of claim 16, wherein said proxy account identifier is automatically selected for use in said transaction under control of a payment application of a mobile device at said point of sale.

20. The processing system of claim 19, wherein said proxy account identifier is automatically selected for use in said transaction from among a plurality of proxy account identifiers associated with said payment application of said mobile device based on a user indication of a desired funding payment account.