SYSTEMS AND METHODS FOR PROCESSING CARDLESS TRANSACTIONS
First Claim
1. A method for processing a financial transaction, comprising:
- receiving, at an electronic device, a transaction request including at least one transaction parameter;
receiving, at the electronic device, a substitute value, the substitute value being associated with an account for processing the transaction request and being distinct from an account number associated with the account;
determining, at the electronic device, whether the substitute value is associated with a payment network;
sending the at least one transaction parameter and the substitute value to the payment network; and
completing, at the electronic device, the transaction request based on a response received from the payment network.
3 Assignments
0 Petitions
Accused Products
Abstract
Systems and methods are provided for processing cardless financial transactions at transaction devices such as Automated Teller Machines. An example method comprises receiving a transaction request including at least one transaction parameter and receiving a substitute value representing an account for processing the transaction request. The substitute value is distinct from an account number associated with the account. The method further comprises sending the at least one transaction parameter and the substitute value to a payment network associated with the substitute value and completing the transaction request. A second method comprises receiving a transaction request with at least one transaction parameter and a substitute value. The second method further comprises determining account credentials associated with the substitute value using the account credentials.
64 Citations
28 Claims
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1. A method for processing a financial transaction, comprising:
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receiving, at an electronic device, a transaction request including at least one transaction parameter; receiving, at the electronic device, a substitute value, the substitute value being associated with an account for processing the transaction request and being distinct from an account number associated with the account; determining, at the electronic device, whether the substitute value is associated with a payment network; sending the at least one transaction parameter and the substitute value to the payment network; and completing, at the electronic device, the transaction request based on a response received from the payment network. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for processing a financial transaction, comprising:
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receiving at a computer associated with a payment network, from an electronic device, a transaction request including at least one transaction parameter and a substitute value, the substitute value being associated with an account for processing the transaction request and being distinct from an account number associated with the account; determining account credentials associated with the substitute value; determining whether the determined account credentials comprise bank account information or a payment card number associated with the account; and based on the account credentials determination, using the computer, processing the transaction request and sending the transaction request and determined account credentials to a financial institution. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A system for processing a financial transaction, comprising:
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a processor system; and storage containing computer-readable instructions, the instructions configured to, when executed by the processor system, cause the processor system to; receive a transaction request including at least one transaction parameter; receive a substitute value, the substitute value being associated with an account for processing the transaction request and being distinct from an account number associated with the account; determine whether the substitute value is associated with a payment network; send the at least one transaction parameter and the substitute value to the payment network; and complete the transaction request based on a response received from the payment network. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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22. A system for processing a financial transaction, comprising:
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a processor system associated with a payment network; and storage containing computer-readable instructions, the instructions configured to, when executed by the processor system, cause the processor system to; receive, from an electronic device, a transaction request including at least one transaction parameter and a substitute value, the substitute value being associated with an account for processing the transaction request and being distinct from an account number associated with the account; determine account credentials associated with the substitute value; determine whether the determined account credentials comprise bank account information or a payment card number associated with the account; and based on the account credentials determination, process the transaction request and send the transaction request and the determined account credentials to a financial institution. - View Dependent Claims (23, 24, 25, 26, 27, 28)
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Specification