METHOD AND SYSTEM FOR A PAYMENT PROCESS TO REDUCE FRAUD

• US 20140046845A1
• Filed: 08/10/2012
• Published: 02/13/2014
• Est. Priority Date: 08/10/2012
• Status: Abandoned Application

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Dogin, Jennifer R., Rosenfield, Shoshana, Maw, Brian
• Application Number:
  US13/571,401
• Publication Number:
  US 20140046845A1
• Time in Patent Office: Days
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]

Abstract

A method for processing a reservation includes: receiving reservation information, the information including a consumer identifier, merchant identifier, payment information, and a date and/or time; storing the information; transmitting the consumer identifier and the date and/or time to a merchant associated with the merchant identifier; identifying fulfillment of the reservation; and transmitting the information for payment of a transaction. A method for processing a financial transaction includes: receiving transaction information for a financial transaction to be processed, the information including a consumer identifier, merchant identifier, payment information, and an expected date and/or time of the financial transaction; storing the information; receiving an authorization request for the financial transaction, the request including the consumer identifier, the merchant identifier, a received date and/or time, and a transaction amount; and processing the transaction using the information if the received date and/or time is temporally proximal to the expected date and/or time.

Claims

1. A method of processing a reservation, comprising:

receiving, by a receiving device, reservation information for a reservation, wherein the reservation information includes at least a consumer identifier, a merchant identifier, payment information, and a date and/or time;

storing, in a database, the received reservation information;

transmitting, by a transmitting device, at least the consumer identifier and the date and/or time to a merchant associated with the merchant identifier;

identifying, by a processing device, fulfillment of the reservation; and

transmitting, by the transmitting device, the stored payment information for payment of a financial transaction corresponding to the received reservation information and involving the merchant associated with the merchant identifier.

2. The method of claim 1, wherein identifying fulfillment of the reservation comprises:

identifying, by the processing device, a geographic location associated with the merchant identifier;

receiving, by the receiving device, a geographic location of a consumer associated with the consumer identifier; and

identifying, by the processing device, if the geographic location of the consumer corresponds to the geographic location associated with the merchant identifier.

3. The method of claim 2, wherein identifying a geographic location of a consumer includes receiving a geographic location of a mobile communication device associated with the consumer.

4. The method of claim 2, wherein identifying if the geographic location of the consumer corresponds to the geographic location associated with the merchant identifier includes identifying if the geographic location of the consumer is proximal to the geographic location associated with the merchant identifier.

5. The method of claim 1, wherein identifying fulfillment of the reservation comprises:

receiving, by the receiving device, an indication of confirmation of the reservation from the merchant associated with the merchant identifier.

6. The method of claim 1, wherein identifying fulfillment of the reservation comprises:

receiving, by the receiving device, a confirmation message from a mobile communication device associated with a consumer associated with the consumer identifier.

7. The method of claim 1, wherein the identifying step is performed temporally proximal to the date and/or time.

8. The method of claim 1, wherein the payment information includes at least a payment card associated with a consumer.

9. A method of processing a financial transaction, comprising:

receiving, by a receiving device, transaction information for a financial transaction to be processed, wherein the transaction information includes at least a consumer identifier, a merchant identifier, payment information, and an expected date and/or time of the financial transaction;

storing, in a database, the received transaction information;

receiving, an authorization request for the financial transaction, wherein the authorization request includes at least the consumer identifier, the merchant identifier, a received date and/or time, and a transaction amount; and

processing, by a processing device, the financial transaction using the stored payment information if the received date and/or time is temporally proximal to the expected date and/or time.

10. The method of claim 9, further comprising:

identifying, by the processing device, a geographic location associated with the merchant identifier;

receiving, by the receiving device, a geographic location of a consumer associated with the consumer identifier; and

identifying, by the processing device, if the geographic location of the consumer corresponds to the geographic location associated with the merchant identifier.

11. The method of claim 9, wherein the merchant identifier is a geographic location.

12. The method of claim 9, wherein the payment information includes at least a payment card associated with a consumer.

13. The method of claim 10, wherein receiving a geographic location of a consumer includes receiving a geographic location of a mobile communication device associated with the consumer.

14. The method of claim 10, wherein identifying if the geographic location of the consumer corresponds to the geographic location associated with the merchant identifier includes identifying if the geographic location of the consumer is proximal to the geographic location associated with the merchant identifier.

15. The method of claim 9, wherein the authorization request is formatted in the ISO 8583 standard.

16. A method of approving a financial transaction, comprising:

transmitting, by a transmitter of a mobile communication device, transaction information for a financial transaction to be processed, wherein the transaction information includes at least a consumer identifier, a merchant identifier, payment information, and a date and/or time;

receiving, temporally proximal to the date and/or time, by a receiver of the mobile communication device, transaction details for the financial transaction, wherein the transaction details includes at least a transaction amount; and

transmitting, by the transmitter, an approval message approving the financial transaction.

17. The method of claim 16, further comprising:

identifying, by a processor of the mobile communication device, a geographic location of the mobile communication device; and

transmitting, by the transmitter of the mobile communication device, the geographic location of the mobile communication device.

18. The method of claim 16, wherein the mobile communication device is at least one of:

a mobile phone, a smart phone, and a tablet computer.

19. The method of claim 16, wherein the payment information includes at least a payment card associated with a consumer.

20. The method of claim 17, wherein identifying the geographic location of the mobile communication device utilizes at least one of:

a global positioning system (GPS), a mobile communication network, a wireless network, WiFi, and a cellular network.

21. The method of claim 17, wherein identifying the geographic location of the mobile communication device includes reading, by a reader of the mobile communication device, a machine-readable code encoded with the geographic location.

22. The method of claim 21, wherein the machine-readable code is an optical code.

23. The method of claim 22, wherein the optical code is a QR code.

24. The method of claim 21, wherein the machine-readable code is displayed at the geographic location.

25. The method of claim 16, wherein the approval message includes an approved tip amount.

26. A system for processing a reservation, comprising:

a data receiving device configured to receive data including reservation information for a reservation, wherein the reservation information includes at least a consumer identifier, a merchant identifier, payment information, and a date and/or time;

a database configured to store the received reservation information;

a data transmitting device configured to transmit data including at least the consumer identifier and the date and/or time to a merchant associated with the merchant identifier; and

a processor configured to identify fulfillment of the reservation, and cause the transmitter to transmit the stored payment information for payment of a financial transaction corresponding to the received reservation information and involving the merchant associated with the merchant identifier.

27. The system of claim 26, wherein

the receiver is further configured to receive a geographic location of a consumer associated with the consumer identifier;

and

the processor is further configured to

identify a geographic location associated with the merchant identifier, and

identify if the geographic location of the consumer corresponds to the geographic location associated with the merchant identifier.

28. The system of claim 27, wherein identifying a geographic location of a consumer includes receiving a geographic location of a mobile communication device associated with the consumer.

29. The system of claim 27, wherein identifying if the geographic location of the consumer corresponds to the geographic location associated with the merchant identifier includes identifying if the geographic location of the consumer is proximal to the geographic location associated with the merchant identifier.

30. The system of claim 26, wherein identifying fulfillment of the reservation comprises:

receiving, by the receiver, an indication of confirmation of the reservation from the merchant associated with the merchant identifier.

31. The system of claim 26, wherein identifying fulfillment of the reservation comprises:

receiving, by the receiver, a confirmation message from a mobile communication device associated with a consumer associated with the consumer identifier.

32. The system of claim 26, wherein the processor is further configured to identify fulfillment of the reservation temporally proximal to the date and/or time.

33. The system of claim 26, wherein the payment information includes at least a payment card associated with a consumer.

34. A system for processing a financial transaction, comprising:

a receiver configured to receive

transaction information for a financial transaction to be processed, wherein the transaction information includes at least a consumer identifier, a merchant identifier, payment information, and an expected date and/or time for the financial transaction, and

an authorization request for the financial transaction, wherein the authorization request includes at least the consumer identifier, the merchant identifier, a received date and/or time, and a transaction amount;

a database configured to store the received transaction information; and

a processor configured to process the financial transaction using the stored payment information if the received date and/or time is temporally proximal to the expected date and/or time.

35. The system of claim 34, wherein

the receiver is further configured to receive a geographic location of a consumer associated with the consumer identifier;

the processor is further configured to

identify a geographic location associated with the merchant identifier, and

identify if the geographic location of the consumer corresponds to the geographic location associated with the merchant identifier.

36. The system of claim 34, wherein the merchant identifier is a geographic location.

37. The system of claim 34, wherein the payment information includes at least a payment card associated with a consumer.

38. The system of claim 35, wherein receiving a geographic location of a consumer includes receiving a geographic location of a mobile communication device associated with the consumer.

39. The system of claim 35, wherein identifying if the geographic location of the consumer corresponds to the geographic location associated with the merchant identifier includes identifying if the geographic location of the consumer is proximal to the geographic location associated with the merchant identifier.

40. The system of claim 34, wherein the authorization request is formatted in the ISO 8583 standard.

41. A mobile communication device, comprising:

a transmitter configured to transmit transaction information for a financial transaction to be processed, wherein the transaction information includes at least a consumer identifier, a merchant identifier, payment information, and a date and/or time;

a receiver configured to receive, temporally proximal to the date and/or time, transaction details for the financial transaction, wherein the transaction details includes at least a transaction amount,

wherein the transmitter is further configured to transmit an approval message approving the financial transaction.

42. The mobile communication device of claim 41, further comprising a processor configured to identify the geographic location of the mobile communication device, and

wherein the transmitter is further configured to transmit the identified geographic location of the mobile communication device.

43. The mobile communication device of claim 41, wherein the payment information includes at least a payment card associated with a consumer.

44. The mobile communication device of claim 42, wherein identifying the geographic location of the mobile communication device utilizes at least one of:

a global positioning system (GPS), a mobile communication network, a wireless network, WiFi, and a cellular network.

45. The mobile communication device of claim 42, further comprising:

a reader configured to read a machine-readable code encoded with the geographic location.

46. The mobile communication device of claim 45, wherein the machine-readable code is an optical code.

47. The mobile communication device of claim 46, wherein the bar code is a QR code.

48. The mobile communication device of claim 45, wherein the machine-readable code is displayed at the geographic location.

49. The mobile communication device of claim 41, wherein the approval message includes an approved tip amount.