Mobile device including computer readable medium suitable for tax processing and currency conversion

• US 8,433,651 B2
• Filed: 10/24/2008
• Issued: 04/30/2013
• Est. Priority Date: 10/25/2007
• Status: Active Grant

• Current Assignee: Visa International Service Association (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Hammad, Ayman, Faith, Patrick
• Primary Examiner(s): Holly, John H
• Application Number:
  US12/258,007
• Publication Number:
  US 20090112757A1
• Time in Patent Office: 1,649 Days
• Field of Search: 705/1, 705/39, 705/1.1, 705/35, 705/31, 705/44, 705/14.26, 705/19, 705/26.1, 455/408, 455/414.1, 455/461, 235/380, 235/379, 235/375
• US Class Current: 705/39
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• 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 20/32 using wireless devices
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• CPC Class Codes: G06Q 20/3224 Transactions dependent on location of M-devices
• CPC Class Codes: G06Q 20/3274 using a pictured code, e.g. barcode or QR-code, being displayed on the M-device
• CPC Class Codes: G06Q 20/3276 using a pictured code, e.g. barcode or QR-code, being read by the M-device
• CPC Class Codes: G06Q 20/3825 Use of electronic signatures
• CPC Class Codes: G06Q 20/387 Payment using discounts or coupons relating to marketing G06Q30/02
• 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 20/4015 using location information
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/0212 Chance discounts or incentives
• CPC Class Codes: G06Q 30/0215 Including financial accounts
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• 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: G06Q 40/128 : Check-book balancing, updating or printing arrangements
• CPC Class Codes: H04L 63/18 : using different networks or channels, e.g. using out of band channels cryptographic mechanisms or cryptographic arrangements for key distribution involving distinctive intermediate devices or communication paths H04L9/0827; cryptographic mechanisms or cryptographic arrangements for authentication using a plurality of channels H04L9/3215

Abstract

Systems and methods of converting transactions to a new currency and tax processing based on the location of the mobile communication device. The systems and methods send transaction information including a transaction amount associated with a transaction conducted between a merchant and a consumer at an access device, to a server computer. The server computer determines a location of a mobile communication device operated by the consumer and converts an transaction amount to a currency based on a conversion rate based on the location of the mobile communication device or determines a tax amount based on the transaction amount and based on the location of the mobile communication device. The method also receives the converted transaction amount or the tax amount.

Claims

1. A method comprising:

sending, using a mobile communication device or an access device, transaction information including a transaction amount, a transaction time and a location information associated with a transaction conducted between a merchant and a consumer at the access device, to a server computer, wherein the server computer is configured to perform steps of;

determining, by the server computer, a location of the mobile communication device operated by the consumer,

determining, by the server computer, a tax jurisdiction based on the location of the mobile communication device,

determining, by the server computer, a set of tax rules that apply to the determined tax jurisdiction associated with the transaction,

determining, by the server computer, a tax amount based on the transaction amount and the determined set of tax rules,

determining, by the server computer, a total transaction amount based on the tax amount and the transaction amount, and

converting, by the server computer, the total transaction amount to a currency based on a conversion rate, wherein the conversion rate is based on the location of the mobile communication device, a location related to an account of the consumer and the time of the transaction;

receiving, by the mobile communication device or the access device, the converted total transaction amount and the tax amount; and

displaying, by the mobile communication device or the access device, the received total transaction amount and the tax amount on a display.

2. The method of claim 1, wherein the server computer also converts the tax amount to the currency based on the conversion rate based on the location of the mobile communication device.

3. The method of claim 1, wherein the converted total transaction amount or the tax amount is received at the access device.

4. The method of claim 1, wherein the converted total transaction amount or the tax amount is received at the mobile communication device.

5. The method of claim 1, further comprising receiving the conversion rate at the mobile communication device.

6. The method of claim 1, wherein the server computer is further configured to determine the location of the merchant based on GPS data from the mobile communication device.

7. The method of claim 1, wherein the server computer is further configured to determine a secure coupon associated with items in the transaction.

8. The method of claim 7, further comprising receiving the secure coupon at the mobile communication device.

16. The method of claim 1, wherein the server computer is further configured to determine the location of the merchant based on a signal strength and a location of a nearest cell tower.

18. The method of claim 1, wherein an issuer that opens and maintains an account associated with the consumer provides the conversion rate to the server computer.

19. The method of claim 8, wherein the secure coupon is based on the location of the mobile communication device.

20. The method of claim 8, wherein the secure coupon is associated with one or more items in the transaction.

21. The method of claim 8, wherein the secure coupon is associated with a product sold by the merchant.

9. A non-transitory mobile communication device, comprising:

a computer readable medium comprising code for sending transaction information including a transaction amount, a transaction time and a location information associated with a transaction conducted between a merchant and a consumer at an access device, to a server computer, wherein the server computer is configured to;

determine a location of the mobile communication device operated by the consumer,

determine a set of tax rules that apply to the determined tax jurisdiction associated with the transaction,

determine a tax amount based on the transaction amount and the determined set of tax rules,

determine a total transaction amount based on the tax amount and the transaction amount, and

convert the total transaction amount to a currency based on a conversion rate, wherein the conversion rate is based on the location of the mobile communication device,

location related to an account of the consumer and the time of the transaction;

code for receiving the converted total transaction amount and the tax amount;

code for displaying the received total transaction amount and the tax amount on a display; and

a processor in communication with the computer readable medium.

10. A method comprising:

receiving transaction information including an transaction amount, a transaction time and a location information associated with a transaction conducted between a merchant and a consumer at an access device;

determining, by a server computer, a location of a mobile communication device operated by the consumer;

determining, by the server computer, a tax jurisdiction based on the location of the mobile communication device;

determining, by the server computer, a set of tax rules that apply to the determined tax jurisdiction associated with the transaction;

determining, by the server computer, a tax amount based on the transaction amount and the determined set of tax rules;

determining, by the server computer, a total transaction amount based on the tax amount and the transaction amount;

converting the total transaction amount to a currency based on a conversion rate, wherein the conversion rate is based on the location of the mobile communication device, a location related to an account of the consumer and the time of the transaction; and

sending the converted total transaction amount and the tax amount.

11. The method of claim 10, further comprising converting the tax amount to the currency based on the conversion rate based on the location of the mobile communication device.

12. The method of claim 10, wherein the converted total transaction amount or the tax amount is sent to the access device.

13. The method of claim 10, wherein the converted total transaction amount or the tax amount is sent to the mobile communication device.

14. The method of claim 10, further comprising sending the conversion rate to the mobile communication device.

15. The method of claim 10, wherein the location of the mobile communication device is determined based on GPS data from the mobile communication device.

17. The method of claim 10, wherein the location of the mobile communication device is determined based on a signal strength and a location of a nearest cell tower.