Transaction token issuing authorities

• US 9,208,482 B2
• Filed: 01/30/2014
• Issued: 12/08/2015
• Est. Priority Date: 04/09/2010
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Inventors: Laracey, Kevin
• Primary Examiner(s): Marshall, Christle I
• Application Number:
  US14/169,067
• Publication Number:
  US 20140149293A1
• Time in Patent Office: 677 Days
• Field of Search: 235/375, 235/379
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• 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 20/3674 involving authentication
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/3821 Electronic credentials
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 20/42 Confirmation, e.g. check or permission by the legal debtor of payment
• CPC Class Codes: G06Q 30/0253 During e-commerce, i.e. online transactions
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification

Abstract

Systems, methods, apparatus, processes, and computer program code for conducting transactions are described which allow a first party to a transaction to identify a second party to a transaction. In one or more embodiments, a mobile device may be operated to conduct transactions with merchants, service providers, and other devices, such as automated teller machines (ATMs). A transaction token issuing authority associated with a merchant or point of transaction may be determined such that the mobile device may communicate with the appropriate entity or entities to conduct a transaction.

Claims

1. A method for operating a device associated with a first party to identify a second party participating in a transaction with the first party, the method comprising:

obtaining a token for use in said transaction, said token including information usable to identify a communication path to one of a plurality of token issuers and a value of said token; and

providing said token to a second device associated with said second party;

wherein said second device transmits said value of said token to said one of said plurality of token issuers with information usable to identify said second party.

2. The method of claim 1, wherein said obtaining said token further comprises:

receiving, in response to a request to a token issuer, a token for use in said transaction.

3. The method of claim 1, wherein said token data further includes meta data associated with said token.

4. The method of claim 3, wherein said meta data associated with said token includes information identifying at least one of:

(i) an amount of said transaction, (ii) a currency type of said transaction.

5. The method of claim 4, wherein said meta data associated with said token includes information identifying at least one of an address and a resource identifier usable to obtain at least one of:

(i) details of said transaction, (ii) offers associated with said transaction, and (iii) a receipt for said transaction when said transaction is completed.

6. The method of claim 1, wherein said first party is a customer and said second party is a merchant.

7. The method of claim 1, wherein said first party is a merchant and said second party is a customer.

8. The method of claim 1, wherein said first party is a first individual and said second party is a second individual.

9. The method of claim 1, wherein said information usable to identify said communication path to said one of said token issuers uniquely identifies one of said plurality of token issuers.

10. A method for operating a device associated with a first party to perform a transaction between the first party and a second party, the method comprising:

obtaining, by said device, a token associated with said transaction;

processing said token to determine token data, said token data including an identifier usable to identify a communication path to one of a plurality of token issuers and a value of said token;

transmitting, to a wallet issuer, information including at least said token data; and

transmitting, to said wallet issuer, a request to complete said transaction, wherein said wallet issuer performs processing to obtain an authorization of said transaction using an account of said first party and provides information associated with said authorization to said one of said plurality of token issuers for use in completing said transaction.

11. The method of claim 10, wherein said obtaining said token further comprises:

causing said token to be captured by the device associated with the first party, the token presented to the first party by said second party.

12. The method of claim 10, wherein said obtaining said token further comprises:

receiving, in response to a request to a token issuer, a token for use in said transaction.

13. The method of claim 10, wherein said token data further includes meta data associated with said token.

14. The method of claim 13, wherein said meta data associated with said token includes information identifying at least one of:

(i) an amount of said transaction, (ii) an identifier of said second party to said transaction, and (iii) a currency type of said transaction.

15. The method of claim 14, wherein said meta data associated with said token includes information identifying at least one of an address and a resource identifier usable to obtain at least one of:

(i) details of said transaction, (ii) offers associated with said transaction, and (iii) a receipt for said transaction when said transaction is completed.

16. The method of claim 10, further comprising:

transmitting, to said wallet issuer, information for authenticating said first party; and

transmitting, to said wallet issuer, information associated with said transaction;

wherein said wallet issuer determines, based at least in part on said authenticating said first party and said information associated with said transaction, said account for use in completing said transaction.

17. The method of claim 16, wherein said wallet issuer obtains said authorization for said transaction using said information associated with said transaction and said account.

18. The method of claim 16, wherein said information associated with said transaction is obtained, at least in part, from said token data.

19. The method of claim 10, wherein said wallet issuer provides information associated with said authorization to said one of said plurality of token issuers using said identifier usable to identify said communication path to said one of said plurality of token issuers and said value of said token.

20. The method of claim 10, further comprising:

transmitting, to said wallet issuer, information associated with said transaction including said token;

receiving, from said wallet issuer, information identifying at least a first available account of said first party for use in completing said transaction; and

transmitting, to said wallet issuer, a request to complete said transaction using said at least first available account.

21. The method of claim 20, further comprising:

transmitting, to said wallet issuer, information for authenticating said first party.

22. The method of claim 10, wherein said first party is a customer and said second party is a merchant.

23. The method of claim 10, wherein said first party is a first individual and said second party is a second individual.

24. The method of claim 10, wherein said identifier usable to identify said communication path to said one of said token issuers uniquely identifies said one of said plurality of token issuers.

25. A method for conducting a transaction between a first party operating a first device and a second party operating a second device, the method comprising:

initiating a transaction using said first device;

capturing, using said second device, a token associated with said transaction;

determining, based on information associated with said token, one of a plurality of transaction management systems associated with said transaction, wherein said information associated with said token includes information to identify a communication path to said one of said plurality of transaction management systems; and

transmitting said token and information associated with said token to said one of said plurality of transaction management systems for use in completing said transaction.

26. The method of claim 25, wherein said one of said plurality of transaction management systems is a directory server, said directory server identifying, based on information associated with said token, at least a first resource for use in completing said transaction.

27. The method of claim 26, wherein said at least first resource for use in completing said transaction is at least one of an address and a resource identifier usable to obtain at least one of:

(i) details of said transaction, (ii) offers associated with said transaction, (iii) a receipt for said transaction when said transaction is completed, (iv) a wallet issuer associated with an account of said first party, and (v) a wallet issuer associated with an account of said second party.

28. A non-transitory, computer-readable medium storing instructions adapted to be executed by a computer processor of a first device associated with a first party to perform a method to identify a second party participating in a transaction with said first party, said method comprising:

obtaining a token for use in said transaction, said token including information usable to identify a communication path to one of a plurality of token issuers and a value of said token; and

providing said token to a second device associated with said second party;

wherein said second device transmits said value of said token to said one of said plurality of token issuers with information usable to identify said second party.

29. The medium of claim 28, wherein said token further includes meta data associated with said token identifying at least one of (i) an amount of said transaction, (ii) a currency type of said transaction.

30. The medium of claim 28, wherein said token further includes meta data associated with said token identifying at least one of an address and a resource identifier usable to obtain at least one of:

(i) details of said transaction, (ii) offers associated with said transaction, and (iii) a receipt for said transaction when said transaction is completed.

31. A system for conducting a transaction, comprising:

a communication device to receive information associated with a request to initiate a transaction involving a first party operating a first device and a second party operating a second device, said request to initiate received from said first device;

a computer processor for executing program instructions; and

a memory, coupled to the computer processor, for storing program instructions for execution by the computer processor to;

establish a pending transaction record associated with said transaction;

generate token data associated with said pending transaction record, said token data including an identifier usable to identify a communication path to said system from among a plurality of systems and a value of said token;

transmit said token to said first device;

receive, from at least one of said second device and a device associated with said second device, an authorization of said transaction; and

transmit information associated with said authorization of said transaction to at least one of said first device and said second device.

32. The system for conducting a transaction of claim 31, wherein said second device is a mobile device, and said device associated with said second device is an issuer of a wallet on said mobile device.

33. The system for conducting a transaction of claim 32, wherein said authorization is obtained by said issuer of said wallet after transmission of a transaction authorization request message to a payment system.

34. The system for conducting a transaction of claim 33, wherein said transaction authorization request message includes information identifying an account of said second party, information identifying an amount of said transaction, and information identifying said first party.

35. A method for operating a device to facilitate a transaction between a first party and a second party, the method comprising:

receiving, from a first device associated with said first party, a request for a token for use in said transaction, said request including information usable to identify said first party;

providing, to said first device, said token, wherein said token includes information usable to identify a communication path to said device from among a plurality of devices and a value of said token;

receiving, from a second device associated with said second party, a request to participate in said transaction, said request including said value of said token and information usable to identify said second party; and

associating said information usable to identify said first party, said information usable to identify said second party, and said value of said token to facilitate said transaction.