SYSTEM AND METHOD FOR PROCESSING A TRANSACTION

• US 20200134596A1
• Filed: 10/14/2019
• Published: 04/30/2020
• Est. Priority Date: 10/25/2018
• Status: Active Application

• Current Assignee: Mastercard Asia/Pacific Pte. Ltd (MasterCard Incorporated)
• Original Assignee: Mastercard Asia/Pacific Pte. Ltd (MasterCard Incorporated)
• Inventors: Puehse, Tobias, Ravinathan, Srinath, Huang, Donghao
• Application Number:
  US16/601,061
• Publication Number:
  US 20200134596A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/3226 Use of secure elements separate from M-devices
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/401 Transaction verification

Abstract

The present disclosure relates to payment technology. In one aspect, the present disclosure provides a method of processing a transaction. The method comprises receiving, from a user device, a transaction pairing request, the transaction pairing request comprising user account information of a user account. The method then transmits, to a receiving device, a plurality of transaction identifiers based on the transaction pairing request and receives, from the user device, a selection of one of the plurality of transaction identifiers. The method then associates the user account with a transaction record indicated by the selection of one of the plurality of transaction identifiers.

Claims

1. A system for processing a transaction, the system comprising:

at least one processor; and

at least one memory including computer program code;

the at least one memory and the computer program code configured to, with the at least one processor, cause the system at least to;

receive, from a user device, a transaction pairing request, the transaction pairing request comprising user account information of a user account;

transmit, to a receiving device, a plurality of transaction identifiers based on the transaction pairing request;

receive, from the user device, a selection of one of the plurality of transaction identifiers; and

associating the user account with a transaction record indicated by the selection of one of the plurality of transaction identifiers.

2. The system of claim 1, wherein the transaction pairing request comprises a filter parameter, the filter parameter being any one of location information, merchant details, and time information.

3. The system of claim 1 or 2, wherein the at least one memory and the computer program code is further configured with the at least one processor to:

forward, to a merchant device, the transaction pairing request; and

receive, from the merchant device, a pairing response indicating whether the transaction pairing request is approved.

4. The system of claim 1, wherein the at least one memory and the computer program code is further configured with the at least one processor to:

initiate a payment to transfer a fund relating to an amount for a product indicated in the transaction record in response to receiving a payment request.

5. The system of any claim 1, wherein the at least one memory and the computer program code is further configured with the at least one processor to:

transmit, to the merchant device or the user device, a notification message notifying the merchant or the user respectively of whether the user account is associated with the transaction record indicated by the selection of one of the plurality of transaction identifiers.

6. The system of claim 4, wherein the at least one memory and the computer program code is further configured with the at least one processor to:

generate a payment token based on a user token of the user account and the transaction record associated with the user account; and

transmit the payment token to an acquirer server.

7. The system of claim 1, wherein the at least one memory and the computer program code is further configured with the at least one processor to:

update the transaction record associated with the user account to include a further product and an amount corresponding to the further product.

8. The system of claim 1, wherein the at least one memory and the computer program code is further configured with the at least one processor to:

receive, from a merchant device, data relating to transaction records, wherein the data includes the location information of the transaction records.

9. The system of claim 4, wherein the at least one memory and the computer program code is further configured with the at least one processor to:

receive, from the user device, a request to pay the transaction record associated with the user account;

generate a transaction request message associated with the transaction record in response to the request to pay the transaction record; and

transmit, to the acquirer server, the transaction request message.

10. A method of processing a transaction, comprising:

receiving, from a user device, a transaction pairing request, the transaction pairing request comprising user account information of a user account;

transmitting, to a receiving device, a plurality of transaction identifiers based on the transaction pairing request;

receiving, from the user device, a selection of one of the plurality of transaction identifiers; and

associating the user account with a transaction record indicated by the selection of one of the plurality of transaction identifiers.

11. The method of claim 10, wherein the transaction pairing request comprises a filter parameter, the filter parameter being any one of location information, merchant details, and time information.

12. The method of claim 10 or 11, wherein the step of determining whether to associate the user account with the product listing message indicated in a pairing request that is received from the user device comprises:

forwarding, to a merchant device, the transaction pairing request; and

receiving, from the merchant device, a pairing response indicating whether the transaction pairing request is approved.

13. The method of claim 10, further comprising:

initiating a payment to transfer a fund relating to an amount for a product indicated in the transaction record in response to receiving a payment request.

14. The method of claim 10, further comprising:

transmitting, to the merchant device or the user device, a notification message notifying the merchant or the user respectively of whether the user account is associated with the transaction record indicated by the selection of one of the plurality of transaction identifiers.

15. The method of claim 13, further comprising:

generating a payment token based on a user token of the user account and the transaction record associated with the user account; and

transmitting the payment token to an acquirer server.

16. The method of claim 10, further comprising:

updating the transaction record associated with the user account to include a further product and an amount corresponding to the further product.

17. The method of claim 10, further comprising:

receiving, from a merchant device, data relating to transaction records, wherein the data includes the location information of the transaction records.

18. The method of claim 13, wherein the step of initiating a payment to transfer a fund comprises:

receiving, from the user device, a request to pay the transaction record associated with the user account;

generating a transaction request message associated with the transaction record in response to the request to pay the transaction record; and

transmitting, to the acquirer server, the transaction request message.

19. A non-transitory computer program product having software application programs that are executable by a processor, such that the processor executes the software application programs to perform a method of processing a transaction, the method comprising:

receiving, from a user device, a transaction pairing request, the transaction pairing request comprising user account information of a user account;

transmitting, to a receiving device, a plurality of transaction identifiers based on the transaction pairing request;

receiving, from the user device, a selection of one of the plurality of transaction identifiers; and

associating the user account with a transaction record indicated by the selection of one of the plurality of transaction identifiers.

20. The non-transitory computer program product of claim 19, wherein the transaction pairing request comprises a filter parameter, the filter parameter being any one of location information, merchant details, and time information.