Method for electronic payment
First Claim
1. A system for facilitating credit card type transactions, said system including a system platform and a subscriber mobile device, said system platform acting as an intermediary between a merchant platform, a processor and said subscriber mobile device during a credit card type transaction, said subscriber mobile device having a means for a third party to initiate electronic communications to the mobile device, each merchant platform communicating electronically with said system platform during a transaction, said subscriber mobile device communicating electronically with said system platform during a credit card type transaction, where the merchant platform receives transaction information from a subscriber, said system platform receiving a portion of the transaction information electronically from the merchant platform, said system platform electronically communicating a portion of said received transaction information to said subscriber mobile device, said mobile device receiving a subscriber'"'"'s selected credit card type account identifier and sending data related to said subscriber chosen credit card type account identifier to said system platform, said system platform electronically transmitting credit card type account information related to said transmitted credit card type account identifier to a processor for payment authorization, wherein said credit card type account information related to said transmitted credit card type account identifier is an encrypted credit card type account identifier where the encryption comprises storing a first portion of said credit card account type account identifier on said system platform and storing a second portion of said credit card account type account identifier on said mobile device.
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0 Petitions
Accused Products
Abstract
The invention is a system for facilitating credit card transactions. The system operates in a setting that includes a merchant platform, a System platform and a subscriber mobile device. The merchant platform is in electronic data communications with the System platform and the subscriber mobile device is in electronic data communication with the System platform. The merchant platform receives transaction information though voice communications from a subscriber and a portion of the transaction information is sent electronically to the System platform. The System platform electronically communicates a subset of the portion to the mobile communications device, and the mobile communications device sending data related to account information to the System platform. The System platform electronically transmitting this account information to a Processor for payment authorization.
229 Citations
14 Claims
- 1. A system for facilitating credit card type transactions, said system including a system platform and a subscriber mobile device, said system platform acting as an intermediary between a merchant platform, a processor and said subscriber mobile device during a credit card type transaction, said subscriber mobile device having a means for a third party to initiate electronic communications to the mobile device, each merchant platform communicating electronically with said system platform during a transaction, said subscriber mobile device communicating electronically with said system platform during a credit card type transaction, where the merchant platform receives transaction information from a subscriber, said system platform receiving a portion of the transaction information electronically from the merchant platform, said system platform electronically communicating a portion of said received transaction information to said subscriber mobile device, said mobile device receiving a subscriber'"'"'s selected credit card type account identifier and sending data related to said subscriber chosen credit card type account identifier to said system platform, said system platform electronically transmitting credit card type account information related to said transmitted credit card type account identifier to a processor for payment authorization, wherein said credit card type account information related to said transmitted credit card type account identifier is an encrypted credit card type account identifier where the encryption comprises storing a first portion of said credit card account type account identifier on said system platform and storing a second portion of said credit card account type account identifier on said mobile device.
Specification