PAYMENT INITIATION AND ACCEPTANCE SYSTEM
First Claim
1. A system for payment initiation, the system comprising:
- an input device;
a transaction apparatus; and
an output device.
2 Assignments
0 Petitions
Accused Products
Abstract
Payment acceptance transaction apparatus are standalone devices or associated with mobile devices running an application facilitating payment acceptance. Users indicate transaction preferences and a desire to accept payment from another party. Transaction apparatus receives payment data from the other party'"'"'s device, such as by capturing data from a magnetic strip of a bank card using a strip reader or by receiving a wireless communication including payment data from the other user'"'"'s mobile device or the cloud. Transaction apparatus receives an electronic signature for authenticating the other user. The transaction apparatus stores payment data and other transaction data for later upload and payment confirmation, or may immediately upload the payment and transaction data in order to receive payment verification from a payment processing server. The application updates a display of the mobile device or transaction apparatus presenting a virtual receipt and/or information regarding the payee'"'"'s account(s), after verification of the transaction.
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Citations
33 Claims
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1. A system for payment initiation, the system comprising:
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an input device; a transaction apparatus; and an output device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 28)
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11. A method for payment initiation, the method comprising:
providing a system for payment initiation comprising an input device;
a transaction apparatus; and
an output device.- View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A computer program product for payment initiation, the computer program product comprising a non-transitory computer-readable medium for storing computer-executable program code structured to cause a processor to perform the steps of:
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receiving instructions from a user application for facilitating payment initiation, the instructions based on user input indicating desire to enter into a payment transaction; retrieving one or more pieces of payment information from the memory of the transaction apparatus, the one or more pieces of payment information corresponding to one or more accounts to be debited during the payment transaction; and outputting the one or more pieces of payment information using an output device for facilitating payment using the one or more accounts. - View Dependent Claims (22, 23, 24, 25)
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26. A system for payment acceptance, the system comprising:
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an input device; a transaction apparatus; and an output device. - View Dependent Claims (27, 29, 30, 31)
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32. A computer program product for payment acceptance, the computer program product comprising a non-transitory computer-readable medium for storing computer-executable program code structured to cause a processor to perform the steps of:
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receiving instructions from a user application for facilitating payment acceptance, the instructions based on user input indicating desire to enter into a payment acceptance transaction; receiving payment data from a second user'"'"'s user device; receiving electronic signature from second user; uploading payment data to a payment processing server for payment confirmation; and presenting, via a display, information regarding the transaction.
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33. A method for payment acceptance, the method comprising:
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receiving instructions from a user application for facilitating payment acceptance, the instructions based on user input indicating desire to enter into a payment acceptance transaction; receiving payment data from a second user'"'"'s user device; receiving electronic signature from second user; uploading payment data to a payment processing server for payment confirmation; and presenting, via a display, information regarding the transaction.
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Specification