Method and system for facilitating payment transactions using access devices

• US 8,229,855 B2
• Filed: 07/21/2011
• Issued: 07/24/2012
• Est. Priority Date: 08/27/2002
• Status: Active Grant

• Current Assignee: Eric Redmond, Jean Huang, Pete Heisinger
• Original Assignee: Eric Redmond, Jean Huang, Pete Heisinger
• Inventors: Huang, Jean, Redmond, Eric, Heisinger, Pete
• Primary Examiner(s): Poinvil, Frantzy
• Application Number:
  US13/188,189
• Publication Number:
  US 20120078791A1
• Time in Patent Office: 369 Days
• Field of Search: 705 10- 44
• US Class Current: 705/44
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/04 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 20/223 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 20/385 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 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A payment system for facilitating a payment transaction between a payer and a payee 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.

Claims

1. A method comprising:

receiving, by a payment services hub, payer registration information, the payer registration information comprising at least one payer account identifier, and at least one payer access device identifier associated with a payer access device that will be used by the payer;

receiving by the payment services hub, payee registration information, the payee registration information comprising at least one payee account identifier, and at least one payee device identifier associated with at least one payee access device that will be used by the payee;

generating, by the payment services hub, a tracer ticket based on the payer registration information and the payee registration information; and

sending, by the payment services hub, the tracer ticket to either the payee access device or the payer access device.

2. The method of claim 1 further comprising:

receiving a payment amount at the payment services hub, prior to generating the tracer ticket.

3. The method of claim 1 wherein the at least one payer account identifier comprises a plurality of account numbers, the plurality of account numbers comprising at least one payment card number and at least one checking account number.

4. The method of claim 1 wherein the tracer ticket associates the payee and the payer to authorize a transfer of payment amounts from the payer to the payee.

5. The method of claim 1 wherein the tracer ticket is associated with information including a payment amount, a name of the payee, a name of the payer, and a password.

6. The method of claim 1 wherein the payment services hub comprises a tracer ticket services module.

7. The method of claim 1 wherein the payer access device is a first phone and the payee access device is a second phone.

8. The method of claim 7 wherein the payer device identifier is a first phone number for the first phone and the payee device identifier is a second phone number for the second phone.

9. The method of claim 1 wherein the payer registration information specifies how the payer access device is linked to various accounts of the payer.

10. The method of claim 1 wherein the payment services hub comprises a tracer ticket services module, wherein the tracer ticket services module is configured to perform services including authentication, authorization, settlement, and audit and dispute resolution relating to payment transactions involving tracer tickets.

11. The method of claim 1 wherein the payer registration information specifies how the payer access device is linked to various accounts of the payer.

12. The method of claim 1 wherein the payer registration information includes biometric data provided by the payer.

13. The method of claim 1 wherein the payer registration information includes information that specifies accounts from which payment for goods or services are automatically made if the conditions of a purchase satisfy an established payment profile.

14. The method of claim 1 wherein the payment services hub comprises payment profiles of the payer and the payee, and security preferences of the payer and the payee.

15. The method of claim 1 wherein the payment services hub comprises an access authentication module.

18. The payment services hub of claim 1 wherein the at least one payer account identifier comprises at a plurality of account numbers, the plurality of account numbers comprising at least one payment card number and at least one checking account number.

16. A payment services hub comprising a non-transitory computer readable medium, comprising code executable by a processor, for implementing a method comprising:

receiving, by a payment services hub, payer registration information, the payer registration information comprising at least one payer account identifier, and at least one payer access device identifier associated with at least one payer access device that will be used by the payer;

receiving by the payment services hub, payee registration information, the payee registration information comprising at least one payee account identifier, and at least one payee device identifier associated with at least one payee access device that will be used by the payee;

generating, by the payment services hub, a tracer ticket based on the payer registration information and the payee registration information; and

sending, by the payment services hub, the tracer ticket to either the payee access device or the payer access device.

17. The payment services hub of claim 16 wherein the method further comprises:

receiving a payment amount at the payment services hub, prior to generating the tracer ticket.

19. The payment services hub of claim 16 wherein the tracer ticket associates the payee and the payer to authorize a transfer of payment amounts from the payer to the payee.

20. The payment services hub of claim 16 wherein the tracer ticket is associated with information including a payment amount, a name of the payee, a name of the payer, and a password.