Systems and methods for processing a financial transaction
First Claim
1. A system of processing a financial transaction, the system comprising:
- a product dispensing device not connected to a data network that encodes and outputs public transaction data related to a purchasable item;
a portable computing device that receives the public transaction data and encodes a payment data with the received public transaction data; and
a payment processing server that receives and processes the encoded data, wherein the payment processing server determines whether a transaction can be completed based on the encoded data, wherein responsive to determining that the transaction is completed, the payment processing server generates and transmits an authentication data based on the encoded data,wherein the portable computing device receives and outputs the authentication data,wherein the product dispensing device receives the authentication data, verifies payment based on the received authentication data, and provides the purchasable item to a customer who is operating the portable computing device.
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Accused Products
Abstract
Systems and methods for processing a financial transaction are provided. A representative system of processing a financial transaction comprises a product dispensing device that encodes and outputs public transaction data related to a purchasable item. A portable computing device receives the public transaction data and encodes a payment data with the received public transaction data. A payment processing server receives and processes the encoded data, and determines whether a transaction can be completed based on the encoded data. Responsive to determining that the transaction is completed, the payment processing server generates and transmits an authentication data based on the encoded data. The portable computing device receives and outputs the authentication data. The product dispensing device receives the authentication data, verifies payment based on the received authentication data, and provides the purchasable item to a customer who is operating the portable computing device.
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Citations
19 Claims
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1. A system of processing a financial transaction, the system comprising:
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a product dispensing device not connected to a data network that encodes and outputs public transaction data related to a purchasable item; a portable computing device that receives the public transaction data and encodes a payment data with the received public transaction data; and a payment processing server that receives and processes the encoded data, wherein the payment processing server determines whether a transaction can be completed based on the encoded data, wherein responsive to determining that the transaction is completed, the payment processing server generates and transmits an authentication data based on the encoded data, wherein the portable computing device receives and outputs the authentication data, wherein the product dispensing device receives the authentication data, verifies payment based on the received authentication data, and provides the purchasable item to a customer who is operating the portable computing device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A product dispensing device comprising:
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a processing device; at least one human interface device that is electrically coupled to the processing device; memory that stores a transaction manager having instructions that are executed by the processing device, the instructions comprising the following logics; encode public transaction data related to a purchasable item; instruct the at least one human interface device to display the encoded public transaction data; generate a first authentication data; receive a second authentication data from a portable computing device; verify payment of the purchasable item based on the first and second authentication data; and responsive to verifying that the payment for the purchasable item has been completed, dispense the purchasable item to a customer who is operating the portable computing device; wherein the product dispensing device is not connected to a network. - View Dependent Claims (11, 12, 13)
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14. A portable computing device that interacts with a product dispensing device and a payment processing server for processing a financial transaction, the portable computing device comprising:
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a processing device; at least one human interface device that is electrically coupled to the processing device; memory that stores a transaction manager having instructions that are executed by the processing device, the instructions comprising the following logics; receive a public transaction data from a product dispensing device not connected to a data network; encode a payment data with the received public transaction data; send the encoded data to a payment processing server; receive and output an authentication data from the payment processing server to the product dispensing device. - View Dependent Claims (15, 16, 17, 18, 19)
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Specification