MOBILE PAYMENT SYSTEM USING SUBACCOUNTS OF ACCOUNT HOLDER

• US 20130290187A1
• Filed: 04/12/2013
• Published: 10/31/2013
• Est. Priority Date: 05/11/2011
• Status: Active Grant

• Current Assignee: Riavera Corp.
• Original Assignee: Riavera Corp.
• Inventors: Itwaru, Mark
• Granted Patent: US 9,721,243 B2
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/229 Hierarchy of users of accounts
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3227 using secure elements embedded in M-devices
• CPC Class Codes: G06Q 20/3276 using a pictured code, e.g. barcode or QR-code, being read by the M-device

Abstract

A transaction system for coordinating processing of a transaction payment request associated with a transaction between a consumer and a merchant, the transaction associated with the merchant providing a product to the consumer, the system comprising: a computer processor coupled to a memory, wherein the computer processor is programmed to coordinate processing of the transaction payment request by: receiving the transaction payment request including consumer code data and identification information pertaining to the merchant and the product, the consumer code data representative of a subaccount registered with a transaction interface, the subaccount associated with a main account also registered with the transaction interface, such that a financial account is common to both the subaccount and the main account; accessing the subaccount or main account using the consumer code data to obtain payment information related to the transaction payment request including the financial account, mobile device contact information, and required authorization information; creating a payment confirmation request using said identification information; sending said payment confirmation request over the network to the mobile device using the contact information; obtaining authorization information from the mobile device; sending a funds transfer request to a payment platform based on the authorization information matching the required authorization information; receiving approval of the funds transfer request from the payment platform; and sending a confirmation of the approval of the funds transfer request to a computer device associated with the merchant.

Claims

1. A non-transitory computer readable storage medium with an executable payment application stored thereon, the payment application configured for confirming a transaction payment request associated with a merchant computer system over a communications network, the merchant providing a product to a consumer, wherein the payment application instructs a computer processor to perform the following steps of:

receiving consumer code data upon registration of a subaccount with a transaction interface separate from the merchant computer system associated with the merchant, the consumer code data representative of the subaccount of a main account also registered with the transaction interface, wherein a financial account is common to both the subaccount and the main account;

receiving a payment confirmation request from the transaction interface over the communications network including identification information pertaining to the merchant and the product;

sending authorization information to the transaction interface over the communications network via a network path that bypasses the computer system of the merchant; and

receiving a confirmation of approval or denial of the payment confirmation request from the transaction interface based on the authorization information.

2. The non-transitory computer readable storage medium of claim 1, wherein the authorization information includes device data associated with a mobile device executing the payment application.

3. The non-transitory computer readable storage medium of claim 2, wherein the device data includes one or more selected from the group consisting of:

International Mobile Equipment Identity (IMEI) number, phone number, carrier name, email address and geographic location co-ordinates.

4. The non-transitory computer readable storage medium of claim 1, wherein the financial account is selected from the group consisting of:

a credit card account;

a debit card account;

an E-wallet account; and

other electronic stored value account.

5. The non-transitory computer readable storage medium of claim 1, wherein the payment application is further configured to instruct the computer processor to perform the step of:

selecting a payment account from a plurality of available payment accounts such that each of the payment accounts of the plurality of payment accounts has a respective consumer payment account identifier.

6. The non-transitory computer readable storage medium of claim 1, wherein the payment application is further configured to instruct the computer processor to perform the steps of:

prompting the consumer to enter a personal identification number (PIN) or password associated with a subaccount; and

sending said PIN or password to the transaction interface over the communications network.

7. The non-transitory computer readable storage medium of claim 6, wherein said PIN or password is represented by DMTF tones.

8. The non-transitory computer readable storage medium of claim 1, wherein the consumer code data is associated with device data including one or more selected from the group consisting of:

International Mobile Equipment Identity (IMEI) number, phone number, and email address.

9. The non-transitory computer readable storage medium of claim 1, wherein the transaction payment request and the confirmation payment request excludes identity information of the financial account.

10. The non-transitory computer readable storage medium of claim 1, wherein said identification information includes one or more data selected from the group consisting of:

transaction ID;

merchant ID;

product price; and

purchased product information.

11. A transaction system for coordinating processing of a transaction payment request associated with a transaction between a consumer and a merchant, the transaction associated with the merchant providing a product to the consumer, the system comprising:

a computer processor coupled to a memory, wherein the computer processor is programmed to coordinate processing of the transaction payment request by;

receiving the transaction payment request including consumer code data and identification information pertaining to the merchant and the product, the consumer code data representative of a subaccount registered with a transaction interface, the subaccount associated with a main account also registered with the transaction interface, such that a financial account is common to both the subaccount and the main account;

accessing the subaccount or main account using the consumer code data to obtain payment information related to the transaction payment request including the financial account, mobile device contact information, and required authorization information;

creating a payment confirmation request using said identification information;

sending said payment confirmation request over the network to the mobile device using the contact information;

obtaining authorization information from the mobile device;

sending a funds transfer request to a payment platform based on the authorization information matching the required authorization information;

receiving approval of the funds transfer request from the payment platform; and

sending a confirmation of the approval of the funds transfer request to a computer device associated with the merchant.

12. The transaction system of claim 11 further comprising the step of comparing a transaction amount associated with the transaction payment request to an amount limit of the subaccount.

13. The transaction system of claim 11 further comprising the step of comparing a transaction type associated with the transaction payment request to an authorized transaction type of the subaccount.

14. The transaction system of claim 11 further comprising the step of comparing a transaction type associated with the transaction payment request to an unauthorized transaction type of the subaccount.

15. The transaction system of claim 11 further comprising the step of sending consumer identification information by the transaction interface to the computer device associated with the merchant prior to sending the payment confirmation request.

16. The transaction system of claim 15 further comprising the step of receiving validation of the consumer identification information from the computer device associated with the merchant prior to sending the payment confirmation request.

17. The transaction system of claim 15, wherein the consumer identification information is a picture of a subaccount holder of the subaccount associated with the consumer code data.

18. The transaction system of claim 11, wherein the transaction interface is further configured for the required authorization information to instruct the computer processor to perform the step of:

prompting the consumer to enter a personal identification number (PIN) or password associated with the subaccount as the authorization information.

19. The transaction system of claim 11, wherein the required authorization information comprises one or more data selected from the group consisting of:

product purchase amount;

password;

credit card data and PIN;

debit card data and PIN;

login information;

PIN; and

stored value account and login information.

20. The transaction system of claim 11, wherein the consumer code data is associated with device data of the mobile device including one or more selected from the group consisting of:

International Mobile Equipment Identity (IMEI) number, phone number, and email address.