Systems, methods and apparatus for selecting a payment account for a payment transaction
First Claim
Patent Images
1. A method for selecting a payment account for completing a payment transaction, the method comprising:
- collecting, by a point of sale (POS) terminal, data from a payment device associated with a mobile communication device utilized for the payment transaction;
identify a number of a plurality of payment accounts is associated with the mobile communication device or payment device;
receiving, by the POS terminal, a personal identification number associated with the mobile communication device or payment device;
in response to receiving the personal identification number, identifying, by a processor of the POS terminal, a first portion and a second portion of the received personal identification number;
communicating, by the processor of the POS terminal, the first portion and the second portion to a payment processor external to the POS terminal to conduct a security enhancement of the plurality payment accounts associated with the payment device by using the second portion comprising a two-digit alphanumeric number as a pointer to a matrix list of the plurality of payment accounts, the two-digit alphanumeric number identifies any one of the plurality of payment accounts when the number of plurality of payment accounts exceeds a predetermined number of payment accounts associated with the payment device;
receiving, by the POS terminal, from the payment processor, a message that indicates the payment account is approved or denied for the payment transaction;
in response to receiving the message that indicates the payment account number is approved, facilitating, by the POS terminal, the payment transaction, andfacilitating, by the POS terminal, the payment transaction based at least in part upon communicating, to the payment processor, a second payment account number associated with the stored value account.
8 Assignments
0 Petitions
Accused Products
Abstract
Systems and methods for selecting a payment account for a payment transaction are provided by certain embodiments of the invention. Data may be collected from a payment device utilized for the transaction, and a plurality of payment accounts may be associated with the payment device. A personal identification number associated with the payment device may be received. At least one of the plurality of payment accounts associated with the payment device may be selected based on a portion of the received personal identification number. The transaction may be facilitated utilizing at least one of the selected payment accounts.
68 Citations
17 Claims
-
1. A method for selecting a payment account for completing a payment transaction, the method comprising:
-
collecting, by a point of sale (POS) terminal, data from a payment device associated with a mobile communication device utilized for the payment transaction; identify a number of a plurality of payment accounts is associated with the mobile communication device or payment device; receiving, by the POS terminal, a personal identification number associated with the mobile communication device or payment device; in response to receiving the personal identification number, identifying, by a processor of the POS terminal, a first portion and a second portion of the received personal identification number; communicating, by the processor of the POS terminal, the first portion and the second portion to a payment processor external to the POS terminal to conduct a security enhancement of the plurality payment accounts associated with the payment device by using the second portion comprising a two-digit alphanumeric number as a pointer to a matrix list of the plurality of payment accounts, the two-digit alphanumeric number identifies any one of the plurality of payment accounts when the number of plurality of payment accounts exceeds a predetermined number of payment accounts associated with the payment device; receiving, by the POS terminal, from the payment processor, a message that indicates the payment account is approved or denied for the payment transaction; in response to receiving the message that indicates the payment account number is approved, facilitating, by the POS terminal, the payment transaction, and facilitating, by the POS terminal, the payment transaction based at least in part upon communicating, to the payment processor, a second payment account number associated with the stored value account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 15)
-
-
9. A point of sale (POS) terminal for processing a payment transaction, the point of sale terminal comprising:
-
at least one reader; at least one input device; at least one communications interface; at least one memory storing computer-executable instructions; and at least one processor, wherein the at least one processor is configured to access the at least one memory and to execute the computer-executable instructions to; obtain, by the at least one reader, account information from a payment instrument associated with a number of a plurality of payment accounts; receive, by the at least one input device, a personal identification number associated with the payment instrument; in response to receiving the personal identification number, identifying, by a processor of the POS terminal, a first portion and a second portion of the received personal identification number; communicating, by the processor of the POS terminal, the first portion and the second portion to a payment processor external to the POS terminal to conduct a security enhancement of the plurality payment accounts associated with the payment device by using the second portion comprising a two-digit alphanumeric number as a pointer to a matrix list of the plurality of payment accounts, the two-digit alphanumeric number identifies any one of the plurality of payment accounts when the number of plurality of payment accounts exceeds a predetermined number of payment accounts associated with the payment device; receive, by the at least one communications interface, a message that indicates the payment account number is approved or denied for the payment transaction; in response to receiving the message that indicates the payment account is approved, communicate, by the at least one communications interface, at least the payment account number to the payment processor to complete the payment transaction; and communicate, by the at least one communications interface to the payment processor to facilitate the payment transaction, a second payment account number associated with the stored value account. - View Dependent Claims (10, 11, 12, 13, 14, 16, 17)
-
Specification