Virtual terminal payer authorization systems and methods
First Claim
1. A method of obtaining payer authorization for a purchase instrument transaction conducted in physical proximity between a merchant and a customer in the absence of a transaction card reader, wherein the customer has previously registered for a payer authorization service, comprising:
- the merchant using an Internet-enabled wireless mobile communication device to contact a virtual terminal service;
the merchant entering transaction information into the device;
the device transferring the transaction information to the virtual terminal service;
the virtual terminal service accessing a record relating to the customer, thereby identifying the customer as having registered for payer authorization;
the virtual terminal service sending a payer authorization request to the device of the merchant;
the customer entering a payer authorization code into the device of the merchant;
the device of the merchant sending the payer authorization code to the virtual terminal service;
the virtual terminal service comparing the payer authorization code to stored information relating to the customer;
the virtual terminal service sending an authorization message to the device of the merchant based on the comparison; and
charging the merchant an interchange rate relating to the transaction, wherein the interchange rate is less than an interchange rate for a “
card not present”
transaction.
8 Assignments
0 Petitions
Accused Products
Abstract
A method of obtaining payer authorization for a purchase instrument transaction with a customer includes using a wireless device of a merchant to contact a virtual terminal service to process the transaction, entering transaction information into the wireless device, which transaction information includes an account identifier relating to the purchase instrument of the customer, forwarding the transaction information from the wireless device to the virtual terminal service, receiving at the wireless device a request from the virtual terminal service to receive payer authorization information from the customer, receiving the payer authorization directly from the customer into the wireless device of the merchant, forwarding the payer authorization from the wireless device to the virtual terminal service, and receiving an approval message from the virtual terminal service at the wireless device of the merchant.
118 Citations
14 Claims
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1. A method of obtaining payer authorization for a purchase instrument transaction conducted in physical proximity between a merchant and a customer in the absence of a transaction card reader, wherein the customer has previously registered for a payer authorization service, comprising:
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the merchant using an Internet-enabled wireless mobile communication device to contact a virtual terminal service; the merchant entering transaction information into the device; the device transferring the transaction information to the virtual terminal service; the virtual terminal service accessing a record relating to the customer, thereby identifying the customer as having registered for payer authorization; the virtual terminal service sending a payer authorization request to the device of the merchant; the customer entering a payer authorization code into the device of the merchant; the device of the merchant sending the payer authorization code to the virtual terminal service; the virtual terminal service comparing the payer authorization code to stored information relating to the customer; the virtual terminal service sending an authorization message to the device of the merchant based on the comparison; and charging the merchant an interchange rate relating to the transaction, wherein the interchange rate is less than an interchange rate for a “
card not present”
transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method of obtaining payer authorization for a purchase instrument transaction conducted in physical proximity between a merchant and a customer in the absence of a transaction card reader where the customer has previously registered for a payer authorization service, comprising:
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the merchant using an Internet-enabled wireless mobile communication device to contact a virtual terminal service; the merchant entering transaction information into the device; the device transferring the transaction information to the virtual terminal service; the virtual terminal service accessing a record relating to the customer, thereby identifying the customer as having registered for payer authorization; the virtual terminal service sending a payer authorization request to the device of the merchant; the customer entering a payer authorization code into the device of the merchant; the device of the merchant sending the payer authorization code to the virtual terminal service; the virtual terminal service comparing the payer authorization code to stored information relating to the customer; the virtual terminal service sending an authorization message to the device of the merchant based on the comparison; and charging the merchant an interchange rate for the transaction, wherein the interchange rate is less than an interchange rate for a “
card not present”
transaction.
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Specification
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- Resources
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Current AssigneeFirst Data Corporation (Fiserv Incorporated)
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Original AssigneeFirst Data Corporation (Fiserv Incorporated)
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InventorsArumugam, Avin
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Primary Examiner(s)Frenel; Vanel
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Assistant Examiner(s)GLASS, RUSSELL S
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Application NumberUS11/533,596Publication NumberTime in Patent Office1,581 DaysField of Search705/14US Class Current705/17CPC Class CodesG06Q 20/20 Point-of-sale [POS] network...G06Q 20/204 comprising interface for re...G06Q 20/322 Aspects of commerce using m...G06Q 20/3278 RFID or NFC payments by mea...G06Q 20/40 Authorisation, e.g. identif...
