Method and system for facilitating payment transactions using access devices

• US 7,280,981 B2
• Filed: 08/27/2002
• Issued: 10/09/2007
• Est. Priority Date: 08/27/2002
• Status: Active Grant

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Huang, Jean, Redmond, Eric, Heisinger, Pete
• Primary Examiner(s): Poinvil; Frantzy
• Application Number:
  US10/229,959
• Publication Number:
  US 20040044621A1
• Time in Patent Office: 1,869 Days
• Field of Search: 705/1, 705 10- 44, 705 64- 80
• US Class Current: 705/40
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/027 involving a payment switch or gateway
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/045 using payment protocols involving tickets
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/223 based on the use of peer-to-peer networks
• CPC Class Codes: G06Q 20/26 Debit schemes, e.g. "pay now"
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

A payment system for facilitating a payment transaction between a payer and a payee is disclosed. The payment system includes a payer access device, a payee access device, and a services hub. The services hub is configured to communicate with the payer device and the payee device; maintain information relating to a payer account and access device information associated with the payer account, the payer account being linked to the access device; generate a tracer ticket in response to a request issued by the payer using either the payer device or the payee device, the tracer ticket containing information relating to the payment transaction; validate the access devices; and authorize the payment transaction against the payer account through conventional payment processing systems. Upon receiving the request from the payee device for the tracer ticket, the services hub generates the tracer ticket and forwards a copy thereof to the payer via the payee device. Upon receiving the copy of the tracer ticket, the payer uses the payer device to communicate with the services hub and forward the received copy of the tracer ticket to the services hub. The services hub then validates the payer device based on the access device information. Upon validation of the payer device, the services hub checks the copy of the tracer ticket forwarded by the access device against the previously generated tracer ticket. If the copy of the tracer ticket forwarded by the access device corresponds to the previously generated tracer ticket, the services hub authorizes the payment transaction against the payer account.

Claims

1. A method for processing a payment transaction between a payer and a payee, comprising:

collecting registration information from the payer, the registration information including information relating to a payer account and access device information for an access device linked with the payer account;

generating and encrypting, at a services hub, a tracer ticket in response to a request issued by the payer, the tracer ticket containing information relating to the payment transaction including a transaction amount associated with the payment transaction;

forwarding the encrypted tracer ticket to the payer;

establishing communication between the services hub and the access device;

validating the access device based on the access device information to validate that the access device being used in the communication is the access device linked with the payer account in the registration information;

receiving from the access device at the services hub the forwarded information relating to the tracer ticket received by the payer;

confirming the information relating to the tracer ticket transmitted by the access device; and

upon confirmation of the information relating to the tracer ticket transmitted by the access device and validation of the access device, authorizing the payment transaction against the payer account linked to the access device.

2. The method of claim 1 further comprising:

in response to the request issued by the payer and prior to generating the tracer ticket, obtaining authentication information from the payer and verifying the authentication information to ensure that the payer is authorized to request the tracer ticket.

3. The method of claim 2 wherein the authentication information includes a password, login ID or biometric information.

4. The method of claim 1 wherein establishing communication between the services hub and the access device comprises:

using the access device to contact the services hub.

5. The method of claim 1 wherein establishing communication between the services hub and the access comprises:

directing the services hub to contact the access device.

6. The method of claim 1 wherein the access device is selected from the group comprising a telephone, a cell phone, a PDA and a personal computer.

7. The method of claim 1 wherein authorizing the payment transaction against the payer account comprises:

directing a transfer of fund from the payer account to a payee account.

8. The method of claim 1 wherein forwarding information relating to the tracer ticket to the payer comprises:

causing the display of the information relating to the tracer ticket to the payer on a payee device located at a payee location.

9. The method of claim 8 wherein the payee device is a point-of-sale device.

10. The method of claim 1, wherein validating the access device comprises validating the payer using the access device using the access device information.

11. The method of claim 1, wherein the tracer ticket includes a payee account number and a payer account number.

12. A method for processing a payment transaction between a payer and a payee, comprising:

collecting registration information from the payer, the registration information including information relating to a plurality of payer accounts belonging to the payer and access device information associated with the plurality of payer accounts, wherein each payer account is associated with one or more of a plurality of access devices;

generating and encrypting, at a services hub, a tracer ticket in response to a request issued by the payer, the tracer ticket containing information relating to the payment transaction including a payment amount associated with the payment transaction;

forwarding information relating to the tracer ticket to the payer;

establishing communication between the services hub and one of a plurality of access devices;

validating the access device that is in communication with the services hub to validate that the one of the plurality of access devices being used in the communication is one of the plurality of access devices associated with one or more of the plurality of payer accounts in the registration information;

receiving from the access device that is in communication with the services hub the forwarded information relating to the tracer ticket received by the payer;

confirming the information relating to the tracer ticket transmitted by the access device; and

upon confirmation of the information relating to the tracer ticket transmitted by the access device and validation of the access device, authorizing the payment transaction against one or more of the plurality of payer accounts associated with the access device.

13. The method of claim 12 further comprising:

in response to the request issued by the payer and prior to generating the tracer ticket, obtaining authentication information from the payer and verifying the authentication information to ensure that the payer is authorized to request the tracer ticket.

14. The method of claim 13 wherein the authentication information includes a password, login ID or biometric information.

15. The method of claim 13 wherein establishing communication between the services hub and one of the plurality of access devices comprises:

using the one of the plurality of access devices to contact the services hub.

16. The method of claim 13 wherein establishing communication between the services hub and one of the plurality of access devices comprises:

directing the services hub to contact the plurality of access devices in sequential order until one of the plurality of access devices is successfully contacted.

17. The method of claim 12 wherein the plurality of access devices include a telephone, a cell phone, a PDA and a personal computer.

18. The method of claim 12 wherein authorizing the payment transaction against the payer account comprises:

directing a transfer of fund from one or more of the plurality of payer accounts to a payee account.

19. The method of claim 12 wherein forwarding information relating to the tracer ticket to the payer comprises:

causing the display of the information relating to the tracer ticket to the payer on a payee device located at a payee location.

20. The method of claim 19 wherein the payee device is a point-of-sale device.

21. The method of claim 12, wherein validating the access device comprises validating the payer using the access device using the access device information.

22. The method of claim 12, wherein the tracer ticket includes a payee account number and a payer account number.

23. A method for processing a payment transaction between a payer and a payee, comprising:

collecting registration information from the payer, the registration information including information relating to a payer account belonging to the payer and access device information for an access device associated with the payer account;

using the access device to contact a services hub to request a tracer ticket, the tracer ticket containing information relating to the payment transaction including a transaction amount associated with the payment transaction;

validating the access device based on the access device information to validate that the access device being used to request the tracer ticket is the access device associated with the payer account in the registration information;

upon validation of the access device, generating, at the services hub, the tracer ticket and encrypting the tracer ticket;

forwarding information the encrypted tracer ticket from the services hub to the access device;

receiving from a payee device at the services hub the forwarded information relating to the encrypted tracer ticket received by the access device;

confirming the information relating to the encrypted tracer ticket transmitted by the payee device; and

upon confirmation of the information relating to the encrypted tracer ticket transmitted by the payee device and validation of the access device, authorizing the payment transaction against the payer account associated with the access device.

24. The method of claim 23 further comprising:

in response to the request for the tracer ticket and prior to generating the tracer ticket, obtaining authentication information from the payer and verifying the authentication information to ensure that the payer is authorized to request the tracer ticket.

25. The method of claim 24 wherein the authentication information includes a password, a login ID or biometric information.

26. The method of claim 23 wherein the tracer ticket has an expiration time;

and wherein confirming the information relating to the tracer ticket transmitted by the payee device comprises;

checking whether the tracer ticket has expired.

27. The method of claim 23 wherein a password is associated with the tracer ticket;

and

wherein confirming the information relating to the tracer ticket transmitted by the payee device comprises;

checking whether the information relating to the tracer ticket transmitted by the payee device includes the password associated with the tracer ticket.

28. The method of claim 23 further comprising:

prior to confirming the information relating to the tracer ticket transmitted by the payee device, checking the payee device to determine if the payee device is registered with the services hub.

29. The method of claim 23 wherein the access device is selected from the group comprising a telephone, a cell phone, a PDA and a personal computer.

30. The method of claim 23 wherein authorizing the payment transaction against the payer account comprises:

directing a transfer of fund from the payer account to a payee account.

31. The method of claim 23 wherein the payee device is selected from the group comprising a telephone, a cell phone, a personal computer and a point-of-sale device.

32. The method of claim 23, wherein validating the access device comprises validating the payer using the access device using the access device information.

33. The method of claim 23, wherein the tracer ticket includes a payee account number and a payer account number.

34. A payment system for processing a payment transaction between a payer and a payee, comprising:

an access device;

a payee device; and

a services hub configured to;

communicate with the access device and the payee device;

maintain information relating to a payer account and access device information associated with the payer account, the payer account being linked to the access device;

generate and encrypt a tracer ticket in response to a request issued by the payer using either the access device or the payee device, the tracer ticket containing information relating to the payment transaction including a transaction amount for the transaction;

validate the access device; and

authorize the payment transaction against the payer account;

wherein;

upon receiving the request from the payee device for the tracer ticket, the tracer ticket is generated and a copy thereof is forwarded to the payer via the payee device;

upon receiving the copy of the tracer ticket, the payer uses the access device to communicate with the services hub and forward the received copy of the tracer ticket to the services hub;

the services hub validates the access device based on the access device information to validate that the access device being used in the communication with the services hub is the access device linked with the payer account in the maintained information;

upon validation of the access device, the services hub checks the copy of the tracer ticket forwarded by the access device against the previously generated tracer ticket; and

if the copy of the tracer ticket forwarded by the access device corresponds to the previously generated tracer ticket and the access device is validated, the services hub authorizes the payment transaction against the payer account.

35. The payment system of claim 34 further comprising:

a plurality of financial systems;

wherein the services hub is further configured to communicate with the plurality of financial systems to process the payment transaction between the payer and the payee.

36. The payment system of claim 34 wherein:

prior to generating the tracer ticket, the services hub is further configured to obtain authentication information from the payer and verify the authentication information to ensure that the payer is authorized to request the tracer ticket.

37. The payment system of claim 36 wherein the authentication information includes a password, login ID or biometric information.

38. The payment system of claim 34 wherein:

upon receiving the request from the access device for the tracer ticket, the services hub validates the access device based on the access device information and, upon/validating the access device, the services hub generates the tracer ticket and forwards a copy thereof to the access device;

upon receiving the copy of the tracer ticket, the payer provides the copy of the tracer ticket to the payee;

the payee uses the payee device to transmit the copy of the tracer ticket to the services hub; and

upon receiving the copy of the tracer ticket from the payee device, the services hub checks the copy of the tracer ticket from the payee device against the previously generated tracer ticket; and

if the copy of the tracer ticket from the payee device corresponds to the previously generated tracer ticket, the services hub authorizes the payment transaction against the payer account.

39. The payment system of claim 34 wherein the access device is selected from the group comprising a telephone, a cell phone, a PDA and a personal computer.

40. The payment system of claim 34 wherein the payee device is a point-of-sale device.

41. The payment system of claim 34 wherein the tracer ticket has an expiration time;

and

wherein when the services hub checks the copy of the tracer ticket, the services hub also checks to see if the previously generated tracer ticket has expired.

42. The system of claim 34, wherein validating the access device comprises validating the payer using the access device using the access device information.

43. The system of claim 34, wherein the tracer ticket includes a payee account number and a payer account number.

44. A payment system for processing a payment transaction between a payer and a payee, comprising:

a plurality of access devices;

a payee device;

a plurality of financial systems; and

a services hub configured to;

communicate with the plurality of access devices and the payee device;

maintain information relating to a plurality of payer accounts belonging to the payer and access device information associated with the plurality of payer accounts, each payer account being linked to one or more of the plurality of access devices;

generate and encrypt a tracer ticket in response to a request issued by the payer using either one of the plurality of access devices or the payee device, the tracer ticket containing information relating to the payment transaction including a transaction amount associated with the payment transaction;

validate the plurality of access devices; and

authorize the payment transaction against one or more of the plurality of payer accounts in cooperation with one or more of the plurality of financial systems;

wherein;

upon receiving the request from the payee device for the tracer ticket, the services hub generates the tracer ticket and forwards a copy thereof to the payer via the payee device;

upon receiving the copy of the tracer ticket, the payer uses one of the plurality of access devices to communicate with the services hub and forward the received copy of the tracer ticket to the services hub;

the services hub validates the access device that is used by the payer to forward the copy of the tracer ticket to validate that the access device being used in the communication with the services hub is in the plurality of access devices linked with one or more of the plurality of payer accounts in the maintained information;

upon validation of the access device, the services hub checks the copy of the tracer ticket forwarded by the access device against the previously generated tracer ticket; and

if the copy of the tracer ticket forwarded by the access device corresponds to the previously generated tracer ticket and the access device is validated, the services hub authorizes the payment transaction against one or more of the plurality of payer accounts in cooperation with one or more of the plurality of financial systems.

45. The payment system of claim 44 wherein:

prior to generating the tracer ticket, the services hub is further configured to obtain authentication information from the payer and verify the authentication information to ensure that the payer is authorized to request the tracer ticket.

46. The payment system of claim 45 wherein the authentication information includes a password, login ID or biometric information.

47. The payment system of claim 44 wherein:

upon receiving the request from one of the plurality of access devices for the tracer ticket, the services hub validates the access device based on the access device information and, upon validating the access device, the services hub generates the tracer ticket and forwards a copy thereof to the access device;

upon receiving the copy of the tracer ticket, the payer provides the copy of the tracer ticket to the payee;

the payee uses the payee device to transmit the copy of the tracer ticket to the services hub; and

upon receiving the copy of the tracer ticket from the payee device, the services hub checks the copy of the tracer ticket from the payee device against the previously generated tracer ticket; and

if the copy of the tracer ticket from the payee device corresponds to the previously generated tracer ticket, the services hub authorizes the payment transaction against one or more of the plurality of payer accounts in cooperation with one or more of the plurality of financial systems.

48. The payment system of claim 44 wherein the plurality of access devices include a telephone, a cell phone, a PDA and a personal computer.

49. The payment system of claim 44 wherein the payee device is a point-of-sale device.

50. The payment system of claim 44 wherein the tracer ticket has an expiration time;

and

wherein when the services hub checks the copy of the tracer ticket, the services hub also checks to see if the previously generated tracer ticket has expired.

51. The system of claim 44, wherein validating the access device comprises validating the payer using the access device using the access device information.

52. The system of claim 44, wherein the tracer ticket includes a payee account number and a payer account number.

53. A payment system for processing a payment transaction between a payer and a payee, comprising:

a tracer ticket for specifying one or more terms associated with the payment transaction;

a services hub configured to generate and encrypt the tracer ticket in response to a request from the payer and to maintain information relating to a payer account and access device information associated with the payer account including a transaction amount associated with the payment transaction; and

a payer access device registered with the services hub and configured to communicate with the services hub, the payer access device being linked to the payer account;

wherein in response to the request, the services hub generates the tracer ticket for the payment transaction and forwards a copy thereof to the payer;

wherein the payer uses the payer access device to transmit the copy of the tracer ticket to the services hub;

wherein upon receiving the copy of the tracer ticket from the payer access device, the services hub validates the payer access device using access device information to validate that the payer access device being used to transmit the copy of the tracer ticket to the services hub is the payer access device linked with the payer account in the maintained information and verifies that the copy of the tracer ticket corresponds to the previously generated tracer ticket; and

wherein upon validation of the payer access device and the verification of the copy of the tracer ticket, the services hub authorizes the payment transaction against the payer account.

54. The payment system of claim 53 further comprising:

a payee access device for receiving or transmitting the copy of the tracer ticket to the payer.

55. The payment system of claim 54 wherein the payee access device is configured to receive the copy of the tracer ticket from the services hub.

56. The payment system of claim 54 wherein the payee access device is selected from the group comprising a telephone, a cell phone, a PDA, a personal computer, and a point-of-sale device.

57. The payment system of claim 53 wherein the payer access device is selected from the group comprising a telephone, a cell phone, a PDA, and a personal computer.

58. The payment system of claim 53 wherein the tracer ticket is a secure financial transaction token representing a collection of payment-related terms.

59. The payment system of claim 53 wherein the one or more terms is a payment assertion from the payer access device or payment system.

60. The payment system of claim 53 wherein the one or more terms is selected from the group comprising a payer'"'"'s name, an identification, a password, a digital certificate, a digital signature, account information, a payment amount, payment instructions, a payee'"'"'s identity and an e-mail address.

61. The payment system of claim 53 wherein the tracer ticket is a unique digital token dynamically issued by the services hub.

62. The payment system of claim 53 wherein the services hub validates payer or payee entitlement to possess the copy of the tracer ticket.

63. The payment system of claim 53 wherein the services hub validates payee entitlement by validating the payee'"'"'s knowledge of payment terms.

64. The system of claim 53, wherein validating the access device comprises validating the payer using the access device using the access device information.

65. The system of claim 53, wherein the tracer ticket includes a payee account number and a payer account number.

66. A computer software product designed to process a payment transaction between a payer and a payee, the computer software product being embodied in a computer-readable medium executable by a computer, the computer software product comprising:

programming code for maintaining information relating to a payer account and access device information associated with the payer account;

programming code for receiving a payment request from a payee device;

programming code for providing and encrypting a first tracer ticket to the payee device in response to the payment request, the first tracer ticket including a transaction amount associated with the transaction;

programming code for establishing communication with a payer access device;

programming code for validating the payer access device based on the access device information to ensure that the payer access device is linked to the payer account;

programming code for receiving a second tracer ticket from the payer access device; and

programming code for validating that the first tracer ticket corresponds to the second tracer ticket; and

programming code for authorizing the payment transaction against the payer account if the first tracer ticket is successfully validated against the second tracer ticket.

67. The computer software product of claim 66 further comprising:

programming code for interfacing with one or more financial systems to effectuate the payment transaction against the payer account.