SYSTEM AND METHOD FOR MANAGING PAYMENT IN TRANSACTIONS WITH A PCD

• US 20130246259A1
• Filed: 08/31/2012
• Published: 09/19/2013
• Est. Priority Date: 03/15/2012
• Status: Abandoned Application

• Current Assignee: Qualcomm, Inc.
• Original Assignee: Firethorn Mobile, Inc. (Qualcomm, Inc.)
• Inventors: Dessert, Robert L.
• Application Number:
  US13/600,698
• Publication Number:
  US 20130246259A1
• Time in Patent Office: Days
• US Class Current: 705/41
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• 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 20/3226 Use of secure elements separate from M-devices
• CPC Class Codes: G06Q 20/325 using wireless networks
• 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 20/351 Virtual cards
• CPC Class Codes: G06Q 20/3572 Multiple accounts on card
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 20/367 involving electronic purses or money safes
• 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
• CPC Class Codes: G06Q 20/405 Establishing or using transaction specific rules

Abstract

A mobile wallet token is received from an account issuing entity. Next, the mobile wallet token is stored in memory within a portable computing device payment platform. A selection of an account for payment in a transaction is received from the PCD. The selected account is matched with the mobile wallet token and then the mobile wallet token is transmitted over a communications network. A pattern preserving token is then received from the communications network with the portable computing device payment platform for use to authorize payment in the transaction. The mobile wallet token corresponds to at least one of: a credit card account, an alternative or non-traditional payment account, a stored value account, an account from a financial institution, and a merchant based card account. A mobile wallet token may be generated by using an on-line portal to indicate the mobile payments are desired by the account holder.

Claims

1. A method for managing payment of a transaction with a portable computing device, comprising:

receiving a mobile wallet token from an account issuing entity;

storing the mobile wallet token in memory within a portable computing device payment platform;

receiving a selection of an account to be used for payment;

matching the selected account with the mobile wallet token;

transmitting the mobile wallet token over a computer communications network; and

receiving a pattern preserving token from the computer communications network with the portable computing device payment platform.

2. The method of claim 1, wherein the mobile wallet token corresponds to at least one of:

a credit card account, an alternative or non-traditional payment account, a stored value account, an account from a financial institution, and a merchant based card account.

3. The method of claim 1, further comprising:

generating a mobile wallet token in response to receiving input from a point-of-sale system that future use of a payment account with the portable computing device is desired.

4. The method of claim 1, further comprising:

generating a mobile wallet token in response to receiving input from an on-line portal that future use of a payment account with the portable computing device is desired.

5. The method of claim 1, further comprising:

arranging a listing of payment accounts according to one or more rules; and

transmitting the listing over a communications network.

6. The method of claim 1, wherein the pattern preserving token is designed for one-time use.

7. The method of claim 1, further comprising:

transmitting the mobile wallet token to an account issuing entity.

8. The method of claim 7, wherein the mobile wallet token corresponds to at least one of:

a credit card account, an alternative or non-traditional payment account, a stored value account, an account from a financial institution, and a merchant based card account.

9. The method of claim 1, wherein the pattern preserving token is time limited.

10. The method of claim 1, wherein the portable computing device comprises at least one of a mobile telephone, a personal digital assistant, a pager, a smartphone, a navigation device, a tablet PC, and a hand-held computer with a wireless connection or link.

11. A computer system for managing payment of a transaction with a portable computing device, the system comprising:

a processor operable for;

receiving a mobile wallet token from an account issuing entity;

storing the mobile wallet token in memory within a portable computing device payment platform;

receiving a selection of an account to be used for payment;

matching the selected account with the mobile wallet token;

transmitting the mobile wallet token over a computer communications network; and

receiving a pattern preserving token from the computer communications network with the portable computing device payment platform.

12. The system of claim 11, wherein the mobile wallet token corresponds to at least one of:

a credit card account, an alternative or non-traditional payment account, a stored value account, an account from a financial institution, and a merchant based card account.

13. The system of claim 11, wherein the processor is further operable for:

generating a mobile wallet token in response to receiving input from a point-of-sale system that future use of a payment account with the portable computing device is desired.

14. The system of claim 11, wherein the processor is further operable for:

generating a mobile wallet token in response to receiving input from an on-line portal that future use of a payment account with the portable computing device is desired.

15. The system of claim 11, wherein the processor is further operable for:

arranging a listing of payment accounts according to one or more rules; and

transmitting the listing over a communications network.

16. The system of claim 11, wherein the pattern preserving token is designed for one-time use.

17. The system of claim 11, wherein the processor is further operable for:

transmitting the mobile wallet token to an account issuing entity.

18. The system of claim 17, wherein the mobile wallet token corresponds to at least one of:

a credit card account, an alternative or non-traditional payment account, a stored value account, an account from a financial institution, and a merchant based card account.

19. The system of claim 11, wherein the pattern preserving token is time limited.

20. The system of claim 11, wherein the portable computing device comprises at least one of a mobile telephone, a personal digital assistant, a pager, a smartphone, a navigation device, a tablet PC, and a hand-held computer with a wireless connection or link.

21. A computer system for managing payment of a transaction with a portable computing device, the system comprising:

means for receiving a mobile wallet token from an account issuing entity;

means for storing the mobile wallet token in memory within a portable computing device payment platform;

means for receiving a selection of an account to be used for payment;

means for matching the selected account with the mobile wallet token;

means for transmitting the mobile wallet token over a computer communications network; and

means for receiving a pattern preserving token from the computer communications network with the portable computing device payment platform.

22. The system of claim 21, wherein the mobile wallet token corresponds to at least one of:

a credit card account, an alternative or non-traditional payment account, a stored value account, an account from a financial institution, and a merchant based card account.

23. The system of claim 21, further comprising:

means for generating a mobile wallet token in response to receiving input from a point-of-sale system that future use of a payment account with the portable computing device is desired.

24. The system of claim 21, further comprising:

means for generating a mobile wallet token in response to receiving input from an on-line portal that future use of a payment account with the portable computing device is desired.

25. The system of claim 21, further comprising:

means for arranging a listing of payment accounts according to one or more rules; and

means for transmitting the listing over a communications network.

26. The method of claim 21, wherein the pattern preserving token is designed for one-time use.

27. The system of claim 21, further comprising:

means for transmitting the mobile wallet token to an account issuing entity.

28. The system of claim 27, wherein the mobile wallet token corresponds to at least one of:

a credit card account, an alternative or non-traditional payment account, a stored value account, an account from a financial institution, and a merchant based card account.

29. The system of claim 21, wherein the pattern preserving token is time limited.

30. The system of claim 21, wherein the portable computing device comprises at least one of a mobile telephone, a personal digital assistant, a pager, a smartphone, a navigation device, a tablet PC, and a hand-held computer with a wireless connection or link.

31. A computer program product comprising a computer usable medium having a computer readable program code embodied therein, said computer readable program code adapted to be executed to implement a method for managing payment of a transaction with a portable computing device, said method comprising:

receiving a mobile wallet token from an account issuing entity;

storing the mobile wallet token in memory within a portable computing device payment platform;

receiving a selection of an account to be used for payment;

matching the selected account with the mobile wallet token;

transmitting the mobile wallet token over a computer communications network; and

receiving a pattern preserving token from the computer communications network with the portable computing device payment platform.

32. The computer program product of claim 31, wherein the mobile wallet token corresponds to at least one of:

a credit card account, an alternative or non-traditional payment account, a stored value account, an account from a financial institution, and a merchant based card account.

33. The computer program product of claim 31, wherein the program code implementing the method further comprises:

generating a mobile wallet token in response to receiving input from a point-of-sale system that future use of a payment account with the portable computing device is desired.

34. The computer program product of claim 31, wherein the program code implementing the method further comprises:

generating a mobile wallet token in response to receiving input from an on-line portal that future use of a payment account with the portable computing device is desired.

35. The computer program product of claim 31, wherein the program code implementing the method further comprises:

arranging a listing of payment accounts according to one or more rules; and

transmitting the listing over a communications network.

36. The computer program product of claim 31, wherein the pattern preserving token is designed for one-time use.

37. The computer program product of claim 31, wherein the program code implementing the method further comprises:

transmitting the mobile wallet token to an account issuing entity.

38. The computer program product of claim 37, wherein the mobile wallet token corresponds to at least one of:

a credit card account, an alternative or non-traditional payment account, a stored value account, an account from a financial institution, and a merchant based card account.

39. The computer program product of claim 31, wherein the pattern preserving token is time limited.

40. The computer program product of claim 31, wherein the portable computing device comprises at least one of a mobile telephone, a personal digital assistant, a pager, a smartphone, a navigation device, a tablet PC, and a hand-held computer with a wireless connection or link.