Method and system for processing internet payments using the electronic funds transfer network
First Claim
1. A computer implemented payment processing method for facilitating electronic purchase transactions by a purchaser from a merchant, the method implementing a payment processing system including at least one computer processor and at least one computer memory, the method comprising:
- processing, at the least one computer processor of the payment processing system, a purchaser login to the payment processing system and performing authentication to authenticate the purchaser;
receiving, at the at least one computer processor of the payment processing system, a payment request from the merchant associated with the electronic purchase transaction, the request including order information and an amount of purchase;
performing verification procedures to verify funds available at the payment processing system based on the order information and the amount of purchase;
determining whether the cash payment can be completed based on the verification procedures; and
causing, with the at least one computer processor, a payment message to be pushed to the merchant without purchaser account information, the cash payment to be released to the merchant in response to a determination that the cash payment can be completed.
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Accused Products
Abstract
A computer implemented payment processing method and system are provided for facilitating electronic purchase transactions by a purchaser from a merchant. The method implements a payment processing system including at least one computer processor and at least one computer memory and includes multiple steps. The steps include receiving, at the at least one computer processor of the payment processing system, a payment request associated with the electronic purchase transaction, the request including information, but not including confidential financial account numbers. The method further includes performing authentication to authenticate the purchaser and verification procedures to verify funds available at the payment processing system based on the order information and non-confidential information and determining whether the cash payment can be completed based on the authentication and verification procedures. The method also includes causing, with the at least one computer processor, the cash payment to be released to the merchant in response to a determination that the cash payment can be completed.
65 Citations
20 Claims
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1. A computer implemented payment processing method for facilitating electronic purchase transactions by a purchaser from a merchant, the method implementing a payment processing system including at least one computer processor and at least one computer memory, the method comprising:
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processing, at the least one computer processor of the payment processing system, a purchaser login to the payment processing system and performing authentication to authenticate the purchaser; receiving, at the at least one computer processor of the payment processing system, a payment request from the merchant associated with the electronic purchase transaction, the request including order information and an amount of purchase; performing verification procedures to verify funds available at the payment processing system based on the order information and the amount of purchase; determining whether the cash payment can be completed based on the verification procedures; and causing, with the at least one computer processor, a payment message to be pushed to the merchant without purchaser account information, the cash payment to be released to the merchant in response to a determination that the cash payment can be completed. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A computer implemented payment processing system for facilitating electronic purchase transactions by a purchaser from a merchant, the system comprising:
at least one computer processor and a computer memory storing multiple instructions, the computer processor configured to access the instructions from memory in order to perform steps including, processing, at the least one computer processor of the payment processing system, a purchaser login to the payment processing system and performing authentication to authenticate the purchaser; receiving, at the at least one computer processor of the payment processing system, a payment request from the merchant associated with the electronic purchase transaction, the request including order information and amount of purchase; performing verification procedures to verify funds available at the payment processing system based on the order information and the amount of purchase; determining whether the cash payment can be completed based on the verification procedures; and causing, with the at least one computer processor, a payment message to be pushed to the merchant without purchaser account information, the cash payment to be released to the merchant in response to a determination that the cash payment can be completed. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
Specification