SYSTEMS AND METHODS FOR FACILITATING FINANCIAL TRANSACTIONS OVER A NETWORK

• US 20130317982A1
• Filed: 07/29/2013
• Published: 11/28/2013
• Est. Priority Date: 12/28/2007
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: eBay Inc.
• Inventors: Mengerink, Matthew, Mardikar, Upendra, Gausebeck, David
• Granted Patent: US 8,799,159 B2
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• 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 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0603 Catalogue ordering
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 30/0635 Processing of requisition or of purchase orders
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

Systems and methods for facilitating financial transactions over a network include a merchant device, a client device and a payment processing device. The merchant device is adapted to allow a merchant to provide items for purchase via the network. The client device is adapted to allow a user to access the merchant device via the network and view the items for purchase. The client device is adapted to provide a payment mechanism to the user. The user generates a purchase request for an item by selecting the one item, dragging the item to the payment mechanism, and dropping the item over the payment mechanism. The payment processing device is adapted to receive the purchase request from the client device via the network and authorize the user to purchase the item from the merchant based on information passed with the purchase request.

Claims

1. A system comprising:

a non-transitory memory storing user account information, wherein the user account information includes user financial information; and

one or more hardware processors in communication with the non-transitory memory and configured to;

process a financial transaction corresponding to an invoice bill when a user drags-and-drops an image of an invoice bill to a service icon installed on or in a user device by;

receiving a purchase request at a payment provider from the user device over a network, wherein the purchase request includes the image of the invoice bill generated by a merchant of at least one item for purchase, wherein the purchase request further includes user information and merchant information;

verifying the user information including accessing a user account corresponding to the user;

determining a payment method of the invoice bill using the user account;

processing the financial transaction using the purchase request and the payment method; and

notifying the merchant that the financial transaction is complete.

2. The system of claim 1, wherein the image of the invoice bill is generated from a virtual shopping cart of the at least one item to purchase.

3. The system of claim 1, wherein the merchant includes a server having a checkout application configured to accept payment for the invoice bill from the payment provider.

4. The system of claim 1, wherein the user device includes a browser application for accessing the merchant via the network and viewing the one or more items for purchase.

5. The system of claim 1, wherein the user device includes a browser application for accessing the payment provider via the networking and establish and maintaining the user account, and wherein the user account includes user personal information with the user financial information.

6. The system of claim 1, wherein the service icon comprises at least one of a desktop icon, a toolbar icon and a browser icon displayed on a display component of the user device.

7. The system of claim 1, wherein the processing component processes the purchase request by deducting monetary funds from the user account.

8. The system of claim 1, wherein the processing component processes the purchase request by crediting the monetary funds to a merchant account corresponding to the merchant.

9. A method comprising:

processing, by a hardware processor of a payment provider server, a financial transaction corresponding to an invoice bill when a user drags-and-drops an image of an invoice bill to a service icon installed on or in a user device by;

receiving a purchase request at the payment provider server from the user device over a network, wherein the purchase request includes the image of the invoice bill generated by a merchant of at least one item for purchase, wherein the purchase request further includes user information and merchant information;

verifying the user information including accessing a user account corresponding to the user;

determining a payment method of the invoice bill using the user account;

processing the financial transaction using the purchase request and the payment method; and

notifying the merchant that the financial transaction is complete.

10. The method of claim 9, wherein the image of the invoice bill is generated from a virtual shopping cart of the at least one item to purchase.

11. The method of claim 9, wherein the merchant includes a server having a checkout application configured to accept payment for the invoice bill from the payment provider server.

12. The method of claim 9, wherein the user device includes a browser application for accessing the payment provider server via the networking and establish and maintaining the user account, and wherein the user account includes user personal information with the user financial information.

13. The method of claim 9, wherein the service icon comprises at least one of a desktop icon, a toolbar icon and a browser icon displayed on a display component of the user device.

14. The method of claim 9, wherein the processing component processes the purchase request by deducting monetary funds from the user account.

15. The method of claim 9, wherein the processing component processes the purchase request by crediting the monetary funds to a merchant account corresponding to the merchant.

16. A non-transitory computer readable medium comprising a plurality of machine-readable instructions which when executed by one or more processors of a server are adapted to cause the server to perform a method comprising:

processing a financial transaction corresponding to an invoice bill when a user drags-and-drops an image of an invoice bill to a service icon installed on or in a user device by;

receiving a purchase request at the payment provider from the user device over a network, wherein the purchase request includes the image of the invoice bill generated by a merchant of at least one item for purchase, wherein the purchase request further includes user information and merchant information;

verifying the user information including accessing a user account corresponding to the user;

determining a payment method of the invoice bill using the user account;

processing the financial transaction using the purchase request and the payment method; and

notifying the merchant that the financial transaction is complete.

17. The non-transitory computer readable medium of claim 16, wherein the merchant includes a server having a checkout application configured to accept payment for the invoice bill from the payment provider.

18. The non-transitory computer readable medium of claim 16, wherein the user device includes a browser application for accessing the payment provider via the networking and establish and maintaining the user account, and wherein the user account includes user personal information with the user financial information.

19. The non-transitory computer readable medium of claim 16, wherein the processing component processes the purchase request by deducting monetary funds from the user account.

20. The non-transitory computer readable medium of claim 16, wherein the processing component processes the purchase request by crediting the monetary funds to a merchant account corresponding to the merchant.