MOBILE DEVICE-BASED CARDLESS FINANCIAL TRANSACTIONS
First Claim
1. A method of authorizing a cardless transaction, comprising:
- receiving at an acquirer computer system from a mobile computing device a mobile computing device identifier and a merchant code as part of a request for a financial transaction;
generating an account number based at least in part on the mobile computing device identifier and an issuer code;
authorizing the financial transaction based on at least the account number;
sending a user notification to the mobile computing device indicating whether the financial transaction has been authorized; and
sending a merchant notification to a merchant associated with the merchant code indicating whether the financial transaction has been authorized.
1 Assignment
0 Petitions
Accused Products
Abstract
The technologies disclosed herein use mobile computing devices, such as smartphones, to facilitate purchases without the use of a credit or debit card (i.e., “cardless” purchases). A cardless purchase can be initiated by a user using their mobile device to connect with a merchant'"'"'s acquiring bank (acquirer), the acquirer collecting a mobile device identifier (e.g., phone number), an issuer code, a merchant code, account security information (e.g., a card security code and an access code), and the acquirer sending a request to the user'"'"'s issuing bank to authorize the purchase. The acquirer uses the information received from the mobile device to assemble an account number, typically 15 or 16 digits long, so as to leverage existing acquirer, issuer and credit card network infrastructure. Upon receiving a response from the issuer bank, the user and merchant are notified (via SMS, email or other method) whether the transaction has been authorized.
47 Citations
22 Claims
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1. A method of authorizing a cardless transaction, comprising:
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receiving at an acquirer computer system from a mobile computing device a mobile computing device identifier and a merchant code as part of a request for a financial transaction; generating an account number based at least in part on the mobile computing device identifier and an issuer code; authorizing the financial transaction based on at least the account number; sending a user notification to the mobile computing device indicating whether the financial transaction has been authorized; and sending a merchant notification to a merchant associated with the merchant code indicating whether the financial transaction has been authorized. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. At a mobile computing device, a method comprising:
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receiving a merchant code, an issuer code and account security information; sending a mobile computing device identifier, the merchant code, the issuer code and the account security information to an acquiring computer system as part of a request for a financial transaction; and receiving notification from the acquiring computer system that the financial transaction has been authorized. - View Dependent Claims (15, 16, 17, 18, 19)
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20. A computer system comprising:
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a processor; one or more computer-readable storage media storing instructions for causing the computer system to perform a method, the method comprising; receiving at an acquirer computer system from a mobile computing device a mobile computing device identifier and a merchant code as part of a request for a financial transaction; generating an account number based at least in part on the mobile computing device identifier and an issuer code; authorizing the financial transaction based on at least the account number; sending a user notification to the mobile computing device indicating whether the financial transaction has been authorized; and sending a merchant notification to a merchant associated with the merchant code indicating whether the financial transaction has been authorized.
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21. A method, comprising:
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receiving from a mobile computing device at an interactive voice response (IVR) system, a mobile phone number, an issuer code, a card security code, a merchant code, a 3-D Secure access code and a transaction amount as part of a request for a financial transaction, the IVR system being part of an acquirer computer system; generating a 15- or 16-digit account number based at least in part on the mobile phone number and the issuer code; sending to an issuer computer system associated with the issuer code an authorization request that the financial transaction be authorized, the authorization request comprising the account number, the card security code, the transaction amount and the 3-D Secure access code; receiving an indication from the issuer computer system indicating whether the authorization request has been approved; sending a user notification to the mobile computing device that the financial transaction has been approved; and sending a merchant notification to a merchant computing device indicating that the financial transaction has been approved.
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22. A method of facilitating a cardless financial transaction, the method comprising:
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receiving an indication that a user wishes to purchase goods and/or services from an online merchant for a transaction amount; sending a merchant code, the transaction amount, and an acquirer computer system identifier to a client computing device; and receiving a notification from an acquirer computer system that a financial transaction for the transaction amount to pay for the goods and/or services with a financial account linked to the user has been authorized.
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Specification