TRANSACTION SYSTEM AND METHOD OF CONDUCTING A TRANSACTION

• US 20130212017A1
• Filed: 02/14/2012
• Published: 08/15/2013
• Est. Priority Date: 02/14/2012
• Status: Abandoned Application

• Current Assignee: NB Development Services Incorporated
• Original Assignee: NB Development Services Incorporated
• Inventors: BANGIA, Naresh
• Application Number:
  US13/372,876
• Publication Number:
  US 20130212017A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• 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 20/385 using an alias or single-use codes

Abstract

The invention pertains to a transaction system and method of conducting a transaction. Particularly, the invention pertains to a transaction system and method of conducting a transaction wherein the transaction is initiated by the consumer using a mobile device with a unique identifier. The consumer initiates the transaction by entering a vendor provided transaction initiation code into the mobile device. The transaction identifier code and unique identifier of the mobile device is transmitted to a server. Using the unique identifier the server can retrieve pre-existing transaction options specific to the unique identifier of the mobile device. The transaction options can either be transmitted to the mobile device to allow the consumer to input any preferences relating to the transaction options or to a vendor sales system of a vendor for further processing.

Claims

1. A method of ordering product or services and providing payment information used for completing a financial transaction associated with the order using mobile devices having unique identification codes in combination with a vendor sales system and a server having a database storing for each mobile device, the unique identification code, order options and payment information;

said method for each order comprising

providing a transaction initiation code;

entering the transaction initiation code into a mobile device;

transmitting the transaction initiation code and the unique identification code of the mobile device to the server;

receiving at the server the transaction initiation code and the unique identification code of the mobile device;

using the received unique identification code to access the database and obtain order options and payment information associated with the unique identification code;

transmitting the associated order options to the mobile device;

receiving at the mobile device the associated order options;

displaying the associated order options on the mobile device for user selection;

entering into the mobile device an order selection;

transmitting the order selection to the server;

receiving at the server the order selection; and

using the server to communicate the order selection, transaction initiation code and payment information to the vendor sales system for further processing and completing of the financial transaction.

2. A method as claimed in claim 1 wherein the payment information includes at least two payment facilities each capable of settling the financial transaction;

and wherein said method includes transmitting identification of said payment facilities from said server to said mobile device and displaying the identification of said payment facilities to the user for selection;

entering into the mobile device a payment facility selection and transmitting the payment facility selection to the server and using for the particular order said payment facility selection as said payment information transmitted to the vendor sales system.

3. A method as claimed in claim 1 or 2 wherein said step of entering the transaction initiation code includes initiating a transaction application installed on the mobile device and entering the transaction initiation code in the application as required.

6. A method as claimed in claim 1 or, 2 wherein said step of entering the transaction initiation code includes initiating a payment application specific to the vendor installed on the mobile device and entering the transaction initiation code in the payment application as required.

7. A method as claimed in any one of claim 1, 2 or 6 wherein said further processing includes the vendor sales system receiving an acknowledgement of confirmation of successful payment transmitting from the vendor sales system an acknowledgement of payment to the server;

receiving at the server the acknowledgement of payment,

transmitting the acknowledgement of payment to the mobile device; and

displaying at the mobile device said acknowledgement of payment.

8. A method of claim 7 wherein the transaction identification code further contains the unique identifier of a second mobile device and wherein said further processing includes the vendor sales system receiving an acknowledgement of confirmation of successful payment as part of said further processing, upon receiving the acknowledgement said vendor sales system transmitting acknowledgement of payment to the server, the server receiving the acknowledgement of payment and transmitting the acknowledgement of payment to the second mobile device, and the second mobile device displaying said acknowledgement of payment.

9. A method as claimed in any one of claim 1, 2, 3, 6, 7 or 8 wherein said server cooperates with said vendor sales system and provides an electronic receipt to an address associated with the mobile device.

10. A method as claimed in claim 7 wherein the server maintains a database of electronic receipts associated with the mobile devices that are accessible to the mobile device.

11. A method as claimed in claim 2 wherein the step of communicating the transaction initiation code and the payment facility selection to the vendor sales system for further processing of the financial transaction is a multi-step process that comprises the steps of

transmitting at the server the transaction identification code to the vendor sales system,

recalling transaction details stored in the vendor sales system using the transaction identification code,

transmitting the transaction details to the server,

receiving at the server the transaction details,

transmitting the transaction details to the mobile device;

displaying the transaction details on the mobile device,

receiving an authorization input into the mobile device,

transmitting authorization to the server, and

the server transmitting the authorization and payment facility to the vendor sales system for further processing of the financial transaction.

12. A method as claimed in claim 1 wherein the database includes one or more payment facilities with respect to each mobile device and said server and said mobile device cooperate to allow selection of a specific payment facility using the mobile device and used as payment information for settling the financial transaction.

18. A method as claimed in claim 1 wherein the step of obtaining order options comprises:

the server requesting order options from the vendor sales system;

the vendor sales system receiving the request for order options; and

transmitting the order options from the vendor sales system to the server.

19. A method as claimed in claim 1 further comprising the steps of:

using transaction initiation code and an associated predetermined location database stored in the vendor sales system to determine the delivery location for the order;

preparing the order; and

delivering the order to the delivery location.

20. A method as claimed in claim 19 wherein said ordering is associated with a theatre facility and said delivery location is a designated area within said theatre facility.

21. A method as claimed in claim 19 wherein said ordering is associated with a sporting facility and said delivery location is a designated area within said sporting facility.

22. A method as claimed in claim 19 wherein said ordering is associated with a sporting facility and said delivery location is a designated seat within said sporting facility.

23. A method as claimed in claim 1 wherein the method is applied in a-drive through restaurant having a drive through order screen and the transaction initiation code is provided on the drive through order screen.

24. A method as claimed in claim 23 wherein said drive through restaurant has a series of physical barriers to maintain the customers in the order in which the transaction codes were provided thereto.

4. (canceled)

5. (canceled)

13. (canceled)

14. (canceled)

15. (canceled)

16. (canceled)

17. (canceled)

25. A server for use in a system for ordering product or services and providing payment information used in completing a financial transaction associated with the order using mobile devices having unique identification codes in combination with a vendor sales system;

said server including a database, a processing arrangement, a transmitter and a receiver;

said database storing a host of entries with each entry including a unique identification code of a mobile device, order options and payment information;

said processing arrangement cooperating with said receiver to determine a first type of transmission including a transaction code and a unique ID and determining a second type of transmission including a transaction code, a unique ID and a selection order;

said processing arrangement upon determining a first type of transmission using said unique ID to access said database and determine order options and based thereon cooperating with said transmitter to transmit a signal to the mobile device identified by the unique id code the order options;

said processing arrangement upon determining a second type of transmission and based on information in said database sending a further transmission to a vendor server system that includes the transaction code, the selected option and payment information.