QR CODE-ENABLED P2P PAYMENT SYSTEMS AND METHODS

• US 20140129428A1
• Filed: 11/05/2013
• Published: 05/08/2014
• Est. Priority Date: 11/05/2012
• Status: Active Grant

• Current Assignee: Fidelity Information Services, LLC (Fidelity National Information Services Incorporated)
• Original Assignee: mFoundry Incorporated (Fidelity National Information Services Incorporated)
• Inventors: Tyler, Don W., Isenhart, Jeff, Mueller, Anne, Sadil, Christoph
• Granted Patent: US 9,852,417 B2
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/321 using wearable devices
• CPC Class Codes: G06Q 20/3226 Use of secure elements separate from M-devices
• CPC Class Codes: G06Q 20/326 Payment applications installed on the mobile 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 20/3276 using a pictured code, e.g. barcode or QR-code, being read by the M-device
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

Systems and methods are provided for facilitating peer-to-peer payment transactions using mobile devices. In one implementation, a method facilitating a computer system to complete a peer-to-peer payment transaction using a mobile device is disclosed. The method comprises determining a financial account for providing funds for the payment transaction. The method further includes receiving a user input comprising a payment amount for the payment transaction, and generating a QR code comprising a representation of the payment amount. Additionally, the method comprises displaying the QR code on the display of one mobile device for purposes of scanning by a second mobile device. Apparatuses and systems for implementing the method, as well as for processing the generated QR code after it is scanned by the second mobile device are also disclosed.

Claims

1. A method for completing a peer-to-peer payment transaction using a mobile device comprising a processor, comprising:

determining, by the processor, a financial account for providing funds for the payment transaction;

receiving, by the processor, a user input comprising a payment amount for the payment transaction;

generating, by the processor, a OR code comprising a representation of the payment amount; and

displaying, by the processor, the QR code on a display of the mobile device.

2. The method of claim 1, further comprising:

receiving, by the processor, a notification that the financial account contains funds equal to or greater than the received payment amount; and

transmitting a notification indicating the generation of the OR code to a server.

3. The method of claim 2, wherein the notification comprises one or more of the payment amount, the identity of a user associated with the financial account, the identity of a user intended to receive the payment, or the date and time that the QR code was generated.

4. The method of claim 1, further comprising:

determining that a user associated with the financial account requests additional security for the transaction;

determining that the user requests to add a memo field to the QR code; and

determining that the user requests to configure the mobile device to print the QR code or email the QR code to another user.

5. The method of claim 4, wherein determining that a user associated with the financial account requests additional security for the transaction further comprises;

determining information associated with the user, wherein the information comprises identification information;

configuring a transaction token incorporating the determined identification information; and

configuring the QR code to incorporate the transaction token.

6. A mobile device, comprising:

a display;

a memory storing instructions; and

a processor configured to execute the instructions to;

determine, by the processor, a financial account for providing funds for a payment transaction;

receive, by the processor, a user input comprising a payment amount for the payment transaction;

generate, by the processor, a OR code comprising a representation of the payment amount; and

display, by the processor, the QR code on the display.

7. The mobile device of claim 6, wherein the processor is further configured to execute the instructions to:

receive a notification that the financial account contains funds equal to or greater than the received payment amount;

determine that a user associated with the financial account requests additional security for the transaction;

determine that the user requests to add a memo field to the QR code; and

determine that the user requests to print the QR code or email the QR code to another user.

8. A method for completing a peer-to-peer payment transaction using a mobile device comprising a processor and a camera, comprising:

configuring, by the processor, the camera to scan one or more OR codes;

scanning, by the camera, a OR code, wherein the QR code comprises data representing a payment transaction;

determining, by the processor, that the scanning of the OR code is completed;

displaying, on a display associated with the mobile device, a notification that the scanning of the QR code is completed; and

transmitting, by the processor, the data representing the payment transaction to a server, wherein the data is obtained from the scanned OR code.

9. The method of claim 8, wherein the data representing the payment transaction within the QR code comprises one or more of the payment amount, the date and time that the QR code was generated, the date and time that the OR code was scanned, the identity of a user associated with generating the QR code, or the identity of a user associated with scanning the OR code.

10. The method of claim 8, wherein scanning, by the camera, a QR code further comprises scanning a QR code displayed on a second mobile device.

11. The method of claim 8, wherein scanning, by the camera, a QR code further comprises scanning a printed QR code.

12. A mobile device, comprising:

a display;

a camera;

a memory storing instructions; and

a processor configured to execute the instructions to;

configure, by the processor, the camera to scan one or more QR codes;

scan, by the camera, a QR code, wherein the QR code comprises data representing a payment transaction;

determine, by the processor, that the scanning of the QR code is completed;

display a notification that the scanning of the QR code is completed on the display;

transmit, by the processor, the data representing the payment transaction to a server, wherein the data is obtained from the scanned OR code.

13. The mobile device of claim 12, wherein the data representing the payment transaction within the OR code comprises one or more of the payment amount, the date and time that the QR code was generated, the date and time that the OR code was scanned, the identity of a user associated with generating the QR code, or the identity of a user associated with scanning the QR code.

14. The mobile device of claim 12, wherein scanning, by the camera, a QR code further comprises scanning a QR code displayed on a second mobile device.

15. The mobile device of claim 12, wherein scanning, by the camera, a OR code further comprises scanning a printed QR code.

16. The mobile device of claim 12, wherein the processor is further configured to execute the instructions to:

receive an electronic transmission comprising a OR code;

print the QR code onto media; and

scan the printed QR code from the media.

17. A system for processing a peer-to-peer payment transaction using mobile devices, comprising:

a memory storing instructions; and

a processor configured to execute the instructions to;

receive a transmission from a mobile device comprising data representing a payment transaction, wherein the data is obtained from a scanned OR code;

analyze information contained within the data representing the payment transaction, wherein the information comprises at least an amount of the payment transaction, the identity of a financial institution associated with a financial account that is the source of the funds for the transaction, and the identity of a financial institution associated with a financial account that is the destination of the funds for the transaction;

determine that the financial institution associated with a financial account that is the source of the funds for the transaction authorizes the transaction;

request the funds for the transaction from the financial institution associated with a financial account that is the source of the funds for the transaction; and

transmit the funds for the transaction to the financial institution associated with a financial account that is the destination of the funds for the transaction.

18. The system of claim 17, wherein the processor is further configured to execute the instructions to:

determine that the data representing the payment transaction comprises a transaction token comprising identification information associated with a user of a mobile device that is associated with the financial account that is the source of the funds for the transaction;

read the transaction token; and

validate the identification information within the transaction token.

19. The system of claim 17, wherein the processor is further configured to execute the instructions to:

transmit a notification comprising a confirmation that the payment transaction was completed to one or more of the financial institution associated with a financial account that is the source of the funds for the transaction, and the financial institution associated with a financial account that is the destination of the funds for the transaction.

20. The system of claim 17, wherein determining that the financial institution associated with the financial account that is the source of the funds for the transaction authorizes the transaction further comprises:

determining the amount of the payment transaction;

transmitting a notification to the financial institution comprising the amount of the transaction and information associated with the financial account; and

receiving a notification that the financial institution authorizes withdrawal of the amount of the payment transaction from the financial account.