Mobile system and method for payments and non-financial transactions
First Claim
1. A mobile payment system, comprising:
- a merchant point of sale system;
a third party payment network comprising a processing platform, card association, or other processing host for the formal authorization and settlement of customer and merchant payment information;
a transaction authorization system that coordinates the activities among a customer device that hosts a consumer mobile application, the merchant point of sale system, and the third party payment network, in order to authorize and void transactions;
a tender type button for initiating a transaction by the merchant point of sale or payment system, wherein the button processes the transaction with the mobile payment service provider'"'"'s issuer identification number and forwards it to transaction authorization system directly from the point of sale or indirectly such as through middleware, frontend switch, gateway, processor, payment networks, or a backend switch; and
a terminal identification that is read by the customer at the point of sale and entered into the consumer mobile application at the point of sale for linking the customer and merchant upon the transaction reaching the transaction authorization system.
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Accused Products
Abstract
A method and system for mobile commerce, communication, and transaction processing to real-world POS, web, e-commerce, virtual terminal, mobile personal digital assistant, mobile phone, mobile device, or other computer based transactions involving either one or both financial and non-financial such as loyalty based transactions as a mobile payment system is described. One embodiment comprises using a mobile phone via a consumer mobile software application (CMA) in lieu of a consumer card (examples include physical, virtual, or chips) to conduct payment transactions in the Real or Virtual World of commerce. An embodiment is related to making payments to real-world stores via having the CMA on a mobile device on behalf of the consumer present to conduct transactions and no physical card required.
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Citations
20 Claims
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1. A mobile payment system, comprising:
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a merchant point of sale system; a third party payment network comprising a processing platform, card association, or other processing host for the formal authorization and settlement of customer and merchant payment information; a transaction authorization system that coordinates the activities among a customer device that hosts a consumer mobile application, the merchant point of sale system, and the third party payment network, in order to authorize and void transactions; a tender type button for initiating a transaction by the merchant point of sale or payment system, wherein the button processes the transaction with the mobile payment service provider'"'"'s issuer identification number and forwards it to transaction authorization system directly from the point of sale or indirectly such as through middleware, frontend switch, gateway, processor, payment networks, or a backend switch; and a terminal identification that is read by the customer at the point of sale and entered into the consumer mobile application at the point of sale for linking the customer and merchant upon the transaction reaching the transaction authorization system. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method for performing a transaction using a mobile payment system including a merchant point of sale system, a third party payment network comprising a processing host for the formal authorization and settlement of customer and merchant payment information, and a transaction authorization system that coordinates the activities among a customer device, the merchant point of sale system, and the third party payment network, in order to authorize and void transactions, the method comprising:
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receiving a transaction from a customer device that hosts a consumer mobile application at the transaction authorization system for a purchase at the merchant point of sale; storing the transaction at the transaction authorization system as a pending transaction; submitting the transaction to the third party payment network for account authorization; and allowing the customer to utilize the consumer mobile application to access an automated teller machine for performing a consumer financial transaction, wherein a terminal identification is read by the customer at the point of sale and entered into the consumer mobile application at the point of sale for linking the customer and merchant upon the transaction reaching the transaction authorization system. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification