Mobile device including computer readable medium suitable for tax processing and currency conversion
First Claim
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, andconverting, 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.
1 Assignment
0 Petitions
Accused Products
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.
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Citations
21 Claims
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1. A method comprising:
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 16, 18, 19, 20, 21)
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9. A non-transitory mobile communication device, comprising:
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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.
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10. A method comprising:
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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. - View Dependent Claims (11, 12, 13, 14, 15, 17)
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Specification