DEBIT NETWORK ROUTING SELECTION USING A QR CODE

• US 20140054369A1
• Filed: 08/23/2013
• Published: 02/27/2014
• Est. Priority Date: 08/24/2012
• Status: Active Grant

• Current Assignee: Mozido, LLC (Fintiv, Inc.)
• Original Assignee: Mozido, LLC (Fintiv, Inc.)
• Inventors: Liberty, Michael A., Bacastow, Steve
• Granted Patent: US 9,189,785 B2
• Time in Patent Office: Days
• US Class Current: 235/379
• 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 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/3274 using a pictured code, e.g. barcode or QR-code, being displayed on the M-device
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes

Abstract

Embodiments are directed to selecting a debit network using a quick response (QR) code and to processing a payment using a debit network selected according to information embedded in a QR code. In one scenario, a mobile computer system receives input indicating that a user has initiated a payment for various items sold by a provider of goods or services. The mobile computer system determines that the user or the provider has specified a preference indicating which debit network is to be used to process the payment. The mobile computer system then generates a QR code with the debit network selection and portions of the user'"'"'s debit account information embedded in the QR code, and sends the generated QR code to a payment processing system. The payment processing system may be cloud-based, or may be run locally at the provider'"'"'s point of sale.

Claims

1. A mobile computer system comprising the following:

one or more processors;

system memory;

one or more computer-readable storage media having stored thereon computer-executable instructions that, when executed by the one or more processors, cause the computing system to perform a method for selecting a debit network using a quick response (QR) code, the method comprising the following;

receiving input indicating that a user has initiated a payment for one or more items sold by a provider of goods or services;

determining that at least one of the user and the provider has specified a preference indicating which debit network is to be used to process the payment;

generating a QR code with the debit network selection and one or more portions of the user'"'"'s debit account information embedded in the QR code; and

sending the generated QR code to a payment processing system.

2. The mobile computer system of claim 1, wherein the input indicating that the user has initiated a payment for one or more items sold by the provider of goods or services is generated by a mobile wallet application running on the mobile computer system.

3. The mobile computer system of claim 2, wherein the QR code is automatically generated by the mobile wallet application running on the mobile computer system when the mobile wallet application is used to pay for the one or more items.

4. The mobile computer system of claim 1, wherein the debit network selection is determined dynamically for each user.

5. The mobile computer system of claim 1, further comprising:

determining at least one of the following;

the user'"'"'s demographic information, the user'"'"'s payment preferences and the user'"'"'s purchasing history;

determining, based on at least one of the user'"'"'s demographic information, the user'"'"'s payment preferences and the user'"'"'s purchasing history, which debit network is to be used to route the user'"'"'s payment and account details; and

based on the determination, providing the determined debit network to the mobile computer system, the determined debit network indicating the user'"'"'s debit network preference.

6. The mobile computer system of claim 1, further comprising:

receiving, at the mobile computer system, an indication of the provider'"'"'s preference for debit network; and

indicating the provider-preferred debit network to the mobile computer system.

7. The mobile computer system of claim 1, wherein the payment processing system is a cloud-based payment processing system.

8. The mobile computer system of claim 1, wherein the debit network selection is determined dynamically at each provider of goods or services.

9. The mobile computer system of claim 1, wherein the provider of goods or services specifies which debit network incoming transactions are to be routed through, regardless of user preferences, such that the provider'"'"'s preference overrides the user'"'"'s preference.

10. The mobile computer system of claim 1, wherein the QR code comprises a secure, tokenized QR code.

11. The mobile computer system of claim 1, wherein the mobile computer system comprises at least one of the following:

a cellular telephone, a tablet, a smartphone, a netbook and a laptop.

12. A computer system comprising the following:

one or more processors;

system memory;

one or more computer-readable storage media having stored thereon computer-executable instructions that, when executed by the one or more processors, cause the computing system to perform a method for processing a payment using a debit network selected according to information embedded in a quick response (QR) code, the method comprising the following;

receiving a QR code with one or more portions of embedded payment information, the embedded payment information including at least the following;

a total payment amount that is to be paid by a user, debit account information for the user, and an indication of which debit network is to be used to process the payment;

determining which debit network is to be used to process the payment based on the indication provided in the embedded payment information in the received QR code;

sending the payment amount and the user'"'"'s debit account information to the determined debit network; and

receiving an indication that the payment was processed by the determined debit network.

13. The computer system of claim 12, wherein the QR code is received from the user'"'"'s mobile computer system.

14. The computer system of claim 12, wherein the QR code is received from a retailer'"'"'s point of sale.

15. The computer system of claim 12, wherein the debit network is selected based on the location at which the payment is initiated.

16. The computer system of claim 12, wherein the debit network is selected based on time of day at which the payment is initiated.

17. The computer system of claim 12, wherein the debit network is selected automatically based on one or more criteria.

18. The computer system of claim 17, wherein at least one of the criteria comprises cost per debit transaction.

19. The computer system of claim 12, wherein the embedded payment information further includes an indication of the goods or services being purchased.

20. At a computer system including at least one processor, a method for selecting a debit network using a quick response (QR) code, the method comprising:

receiving input indicating that a user has initiated a payment for one or more items sold by a provider of goods or services;

determining that at least one of the user and the provider has specified a preference indicating which debit network is to be used to process the payment;

generating a QR code with the debit network selection and one or more portions of the user'"'"'s debit account information embedded in the QR code; and

sending the generated QR code to a payment processing system.

21. The method of claim 20, wherein the debit network selected for routing is at least one of an electronic funds transfer (EFT) network and an automated clearing house (ACH) network.