USER VALIDATION, AMOUNT-DUE VALIDATION, PAYMENT COLLECTION, AND PAYMENT PROCESSING SYSTEM AND METHOD THEREOF

• US 20150058211A1
• Filed: 08/26/2014
• Published: 02/26/2015
• Est. Priority Date: 08/26/2013
• Status: Active Application

• Current Assignee: PayIt, LLC
• Original Assignee: PayIt, LLC
• Inventors: THOMSON, JOHN
• Application Number:
  US14/469,372
• Publication Number:
  US 20150058211A1
• Time in Patent Office: Days
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/4014 Identity check for transactions

Abstract

The systems and methods of the present invention allow users to perform various transactions using a mobile device. This is accomplished by building custom software to interact with a variety of hardware systems. Various transactions performed by the systems and methods of the present invention include collection and validation of various information. In some cases, information is obtained directly from the user. In other cases, information is obtained from a third party, such as a government agency. The system and methods of the present invention further improve upon the execution of transactions by including a unique system architecture and providing robust user and third-party interfaces.

Claims

1. A payment processing system, the system comprising:

a processor;

a database accessible by said processor and configured to receive and store information related to a plurality of electronic payment work flows;

a plurality of integration interfaces operably connecting said processor to processing systems associated with each of said plurality of electronic payment work flows; and

a user application interface operably connecting said processor to an application on a remote user device;

wherein said processor communicates payment work flow information of at least one of said plurality of electronic payment work flows to said user application and receives user information required pursuant to said payment work flow information to complete a payment transaction; and

wherein said processor communicates said user information to a processing system associated with said at least one of said plurality of electronic payment work flows to complete said payment transaction.

2. The system as claimed in claim 1 wherein said plurality of electronic payment work flows includes a first payment work flow and a second payment work flow that requires completion of said first payment work flow prior to completion of said second payment work flow and wherein said processor integrates said first and second work flows to complete appropriately said second payment work flow.

3. A mobile payment processing system, the system comprising:

a mobile application operating on a device of a user;

a database accessible by said mobile application to store information regarding said user;

a user application interface operably connecting said mobile application to a payment platform configured to receive and store information related to a plurality of electronic payment work flows and including a plurality of integration interfaces operably connecting said platform to processing systems associated with each of said plurality of electronic payment work flows;

wherein said mobile application receives from said platform payment work flow information of at least one of said plurality of electronic payment work flows to transmits to said platform user information required pursuant to said payment work flow information to complete a payment transaction by communicating said user information from said platform to a processing system associated with said at least one of said plurality of electronic payment work flows to complete said payment transaction.

4. The system as claimed in claim 3 wherein said plurality of electronic payment work flows includes a first payment work flow and a second payment work flow that requires completion of said first payment work flow prior to completion of said second payment work flow and wherein said first and second work flows are integrated together to complete appropriately said second payment work flow.

5. A method of collecting payment from the user and processing the payment from the user, the method comprising the steps of:

storing in a database information related to a plurality of electronic payment work flows;

transmitting from a processor via a user application interface operably connecting said processor to an application on a remote user device information regarding at least one of said plurality of electronic payment work flows;

receiving at said processor from said application information required pursuant to said at least one of said plurality of electronic payment work flows to complete a payment transaction;

communicating said information to a processing system associated with said at least one of said plurality of electronic payment work flows to complete said payment transaction.

6. The method as claimed in claim 5 wherein said plurality of electronic payment work flows includes a first payment work flow and a second payment work flow that requires completion of said first payment work flow prior to completion of said second payment work flow and wherein said first and second work flows are integrated together by said processor to complete appropriately said second payment work flow.