FACILITATING MOBILE DEVICE PAYMENTS USING MOBILE PAYMENT ACCOUNT, MOBILE BARCODE AND UNIVERSAL DIGITAL MOBILE CURRENCY

• US 20130240622A1
• Filed: 05/02/2013
• Published: 09/19/2013
• Est. Priority Date: 07/18/2011
• Status: Abandoned Application

• Current Assignee: Andrew H.B. Zhou, Dylan T.X. Zhou, Tiger T.G. Zhou
• Original Assignee: Andrew H.B. Zhou, Dylan T.X. Zhou, Tiger T.G. Zhou
• Inventors: Zhou, Andrew H. B., Zhou, Tiger T. G., Zhou, Dylan T. X.
• Application Number:
  US13/875,311
• Publication Number:
  US 20130240622A1
• Time in Patent Office: Days
• US Class Current: 235/379
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/321 using wearable devices
• CPC Class Codes: G06Q 20/3274 using a pictured code, e.g. barcode or QR-code, being displayed on the M-device
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• CPC Class Codes: G06Q 20/425 using two different networks, one for transaction and one for security confirmation

Abstract

Provided are computer implemented methods and systems for facilitating mobile device payments using a mobile payment account. When a user is ready to tender a payment to a merchant, instead of using a credit card, cash, or check, the user activates on his mobile device an application associated with a mobile payment account of the user. The mobile payment account is associated with user information and with a mobile payment service provider. The mobile device generates a payment barcode that encodes data of the mobile payment account and displays the payment barcode on a display. After scanning the displayed barcode by a barcode scanner of the merchant, the mobile payment account of the user may be charged.

Claims

1. A computer implemented method for facilitating mobile device payments using a mobile payment account, the method comprising:

generating, by a processor of a user mobile device, on a request of a user, a payment barcode, the payment barcode encoding data of the mobile payment account, wherein the mobile payment account is associated with user information, and wherein the mobile payment account is associated with a mobile payment service provider;

displaying the payment barcode on a display of the user mobile device, the displayed payment barcode being scannable by a barcode scanner or a further mobile device; and

charging the mobile payment account.

2. The computer implemented method of claim 1, wherein the mobile payment account is charged based on a payment request.

3. The computer implemented method of claim 2, wherein the payment request is associated with the data of the mobile payment account retrieved from the payment barcode.

4. The computer implemented method of claim 1, wherein the data of the mobile payment account is stored on the user mobile device or a remote secure cloud server.

5. The computer implemented method of claim 1, wherein the barcode scanner includes a checkout scanner, a check-in scanner, a mobile device, and a wearable personal device.

6. The computer implemented method of claim 1, wherein the mobile payment service provider includes a financial organization, a bank, an insurance company, and any other merchant.

7. The computer implemented method of claim 1, wherein the user information includes one or more of the following:

a name of the user, a social security number of the user, a phone number, an address, a bank account number, an insurance account number, and a financial organization account number.

8. The computer implemented method of claim 1, further comprising requesting identification information to authorize access to the mobile payment account via the interface of the user mobile device.

9. The computer implemented method of claim 8, wherein the identification information includes a password, a Personal Identification Number (PIN) code, and biometric authorization, the biometric authorization including fingerprint scanning, palm scanning, face scanning, and retina scanning, wherein the scanning is performed using the one or more biometric sensors.

10. The computer implemented method of claim 1, further comprising receiving a deposit to the mobile payment account via a cash-in automatic transaction machine (ATM), a bank transfer, or a transfer from another mobile payment account using mobile currency.

11. The computer implemented method of claim 1, wherein the user mobile device includes a mobile phone, a personal digital assistant, a lap-top, a tablet personal computer, a smart phone, and a wearable personal digital device.

12. The computer implemented method of claim 1, wherein the payment barcode is a linear barcode, a two-dimensional barcode, a three-dimensional barcode, or other machine readable code.

13. The computer implemented method of claim 1, further comprising determining availability of funds on the mobile payment account.

14. The computer implemented method of claim 1, wherein the user information associated with the mobile payment account is stored in a database of the mobile payment service provider.

15. The computer implemented method of claim 1, wherein funds are stored on the mobile payment account in a form of universal digital mobile currency.

16. The computer implemented method of claim 15, wherein the mobile payment service provider sets an exchange rate for the universal digital mobile currency with respect to one or more official state currencies, the universal digital mobile currency being uncontrolled by a national government.

17. The computer implemented method of claim 15, wherein a transfer from the mobile payment account of the user to another mobile payment account is performed in the universal digital mobile currency.

18. The computer implemented method of claim 15, further comprising transferring an amount in the universal digital mobile currency from the mobile payment account of the user to an account of the user in an on-line gaming system.

19. The computer implemented method of claim 1, wherein the mobile payment service provider is associated with a chain store and a franchise organization.

20. A system for facilitating mobile device payments using a mobile payment account, the system comprising:

a processor configured to;

generate a payment barcode, the payment barcode encoding data of the mobile payment account;

display the payment barcode on a display of a user mobile device;

charge the mobile payment account; and

a database in communication with the processor and configured to store data of the mobile payment account of a user, wherein the mobile payment account is associated with the user information.

21. The system for facilitating mobile device payments of claim 20, the system further comprising:

a barcode scanner for scanning a payment barcode displayed on a display of the user mobile device, wherein the displayed barcode encodes data of the mobile payment account; and

a display for displaying the data of the mobile payment account of the user, the display being provided at the barcode scanner.

22. The system for facilitating mobile device payments of claim 20, wherein the mobile payment account comprises funds stored in a form of universal digital mobile currency, and wherein the system is a financial system associated with the mobile payment account, barcodes generated by the mobile device, the universal digital mobile currency, and mobile credits.

23. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is a digital currency.

24. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is issued and managed via mobile devices or mobile networks.

25. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is transmitted in a peer-to-peer manner without including a financial institution.

26. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is stored on the user mobile device or an on-line wallet, the universal digital mobile currency being encrypted.

27. The system for facilitating mobile device payments of claim 22, wherein the user mobile device performs a function of a point of sale terminal using the universal digital mobile currency.

28. The system for facilitating mobile device payments of claim 22, wherein the user mobile device performs a function of payment cards terminal using the universal digital mobile currency.

29. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is a decentralized universal digital currency based on mobile devices and peer-to-peer internet protocol.

30. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is exchanged to an official state currency based on an exchange rate set by a mobile payment service provider without an intermediate financial institution.

31. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is transmitted and received via the user mobile device, an on-line resource, and mobile device application.

32. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is handled using an interface associated with an on-line wallet, the user mobile device.

33. The system for facilitating mobile device payments of claim 22, wherein payments in the universal digital mobile currency are protected by a digital signature and a password.

34. The system for facilitating mobile device payments of claim 22, wherein history of transactions in the universal digital mobile currency is stored in a network.

35. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is paper-less, contact-less, and non-physical money.

36. The system for facilitating mobile device payments of claim 22, wherein the mobile payment service provider provides micro credit loans, payday loans, long-term loans and short-term loans in the universal digital mobile currency.

37. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is owned, transferred, purchased, and sold by the user virtually or in real life.

38. The system for facilitating mobile device payments of claim 22, wherein the mobile payment service provider sets limits on operations in the universal digital mobile currency, the limits including a limit for a pre-determined period, a number of transactions limit, and a maximum amount per transaction.

39. The system for facilitating mobile device payments of claim 20, wherein the processor is further configured to generate a receipt barcode, the receipt barcode being scannable and, on the scan, initiating a refund operation.

40. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is issued by a universal digital mobile currency bank, the universal digital mobile currency bank being a virtual bank holding a deposit of the user.

41. The system for facilitating mobile device payments of claim 40, wherein an issue volume of the universal digital mobile currency is a percentage of a total transaction volume of the universal digital mobile currency bank.

42. The system for facilitating mobile device payments of claim 41, wherein a percentage and an annual issue of the universal digital mobile currency is calculated based on analysis of at least one or a combination of:

transaction volume, transaction growth, deposit to expense ratio, total deposit to total transaction ratio, user quantity, virtual loan per a person, virtual debt per a person, universal digital mobile currency issue per a person, default risk, and liquidation capacity.

43. The system for facilitating mobile device payments of claim 20, wherein the mobile payment account is accessible on platforms iOS, Android, Windows, Linux, and Unix.

44. The system for facilitating mobile device payments of claim 20, wherein the mobile payment account is accessible on a smartphone, a wearable personal digital device, a game console, a personal computer, a tablet personal computer, and a car computer.

45. The system for facilitating mobile device payments of claim 20, wherein a non-cash deposit to the mobile payment account is made by means of a mobile phone, a personal computer, and a wearable personal digital device, and wherein a cash deposit to the mobile payment account is made at a place of the mobile payment service provider.

46. The system for facilitating mobile device payments of claim 33, wherein the password is in a form of a alphanumeric character, a voice, a scrambled image, a video clip, a gesture of any part of a body, and wherein the password is entered by means of a touch screen, a keyboard, a mouse, or a camera of the mobile device or by means of a remote control of the mobile device.

47. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is a digital currency enabling performing the payment to any person at any time and at any place.

48. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is a peer-to-peer electronic digital currency enabling to send mobile device payments or on-line payments directly without a financial institution.

49. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency eliminates the risk of a fraud, a chargeback, and an identity theft.

50. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is exchanged by means of the mobile device using a national currency exchange rate or a virtual wallet.

51. The system for facilitating mobile device payments of claim 22, wherein a transaction fee is applied to each transaction in the universal digital mobile currency.

52. The system for facilitating mobile device payments of claim 22, wherein the universal digital mobile currency is accessed via a virtual wallet interface or a cloud server.

53. The system for facilitating mobile device payments of claim 20, wherein the mobile device payments are performed using wireless communication, wherein the wireless communication includes a wi-fi communication.

54. The system for facilitating mobile device payments of claim 20, wherein the mobile device payments include person-to-person, business-to-business, person-to-business, and business-to-person financial transactions.

55. The system for facilitating mobile device payments of claim 20, wherein a mobile payment service provider issues a payment barcode encoding payment card information, wherein a payment card includes a credit card, a debit card, a gift card, a discount card, and a coupon card.

56. The system for facilitating mobile device payments of claim 21, wherein the payment barcode is a linear barcode, a two-dimensional barcode, a three-dimensional barcode, or other machine readable code.

57. A mobile payment device for mobile device payments using a mobile payment account, the device comprising:

a processor configured to generate a payment barcode or receive the payment barcode from an on-line resource, wherein the payment barcode encodes data of the mobile payment account;

a display to display the payment barcode, the payment barcode being scannable by a barcode scanner or a user device;

a camera configured to capture an image of a barcode;

a memory unit configured to store transaction information and data of the mobile payment account of a user, wherein the mobile payment account is associated with the user information.

58. A system for mobile payments between a seller and a buyer, the system comprising:

a seller device comprising;

a processor configured to generate a payment barcode, the payment barcode encoding data of the mobile payment account of the seller;

a display configured to display the payment barcode, the payment barcode being scannable by a buyer device;

a memory unit configured to store transaction information and data of the mobile payment account of the seller, wherein the mobile payment account is associated with seller information;

the buyer device comprising;

a camera configured to capture an image of the payment barcode;

a processor configured to process the image of the payment barcode, extract the transaction information from the image, and transmit the transaction information to a mobile service provider;

a display to display the transaction information;

a server of the mobile service provider comprising;

a processor configured to receive the transaction information and charge a mobile payment account of the buyer based on the transaction information;

a database configured to store information associated with the mobile payment account of the seller and the mobile payment account of the buyer.

59. A non-transitory computer-readable medium comprising instructions, which when executed by one or more processors, perform the following operations:

generate a payment barcode, the payment barcode encoding data of the mobile payment account, wherein the mobile payment account is associated with the user information, and wherein the mobile payment account is associated with a mobile payment service provider;

display the payment barcode on a display of the user mobile device, the displayed payment barcode being scannable by a barcode scanner; and

charging the mobile payment account.