Systems and methods for facilitating financial transactions over a network

• US 9,852,463 B2
• Filed: 07/07/2014
• Issued: 12/26/2017
• Est. Priority Date: 12/28/2007
• Status: Active Grant

• Current Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Original Assignee: PayPal, Inc. (PayPal Holdings, Inc.)
• Inventors: Mengerink, Matthew, Mardikar, Upendra, Gausebeck, David
• Primary Examiner(s): MADAMBA, CLIFFORD B
• Application Number:
  US14/324,998
• Publication Number:
  US 20140324637A1
• Time in Patent Office: 1,268 Days
• Field of Search: 705 26
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0603 Catalogue ordering
• CPC Class Codes: G06Q 30/0613 Third-party assisted
• CPC Class Codes: G06Q 30/0633 Lists, e.g. purchase orders, compilation or processing
• CPC Class Codes: G06Q 30/0635 Processing of requisition or of purchase orders
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

Systems and methods for facilitating financial transactions over a network include a merchant device, a client device and a payment processing device. The merchant device is adapted to allow a merchant to provide items for purchase via the network. The client device is adapted to allow a user to access the merchant device via the network and view the items for purchase. The client device is adapted to provide a payment mechanism to the user. The user generates a purchase request for an item by selecting the one item, dragging the item to the payment mechanism, and dropping the item over the payment mechanism. The payment processing device is adapted to receive the purchase request from the client device via the network and authorize the user to purchase the item from the merchant based on information passed with the purchase request.

Claims

1. A system comprising:

a non-transitory memory of a client device storing user account information with a payment provider comprising user financial information; and

one or more hardware processors of the client device coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising;

executing a web browser application on the client device;

receiving navigation to a merchant website for a merchant within the web browser application;

receiving a graphical user interface (GUI) from the merchant website for display in the web browser application;

receiving, by the client device through a network interface component, information comprising an invoice bill and merchant information from a merchant;

displaying the GUI using the web browser application executing on the client device, wherein the information is displayed as an invoice icon on the GUI;

initiating a financial transaction for the invoice bill when a user moves the invoice icon to a payment icon for a service application displayed on the client device using an input component for the client device, wherein the payment icon comprises a hyperlink to a webpage for processing of the information by the payment provider;

transmitting a purchase request for the invoice bill to the payment provider using the hyperlink, wherein the purchase request includes the invoice bill, the user account information, and the merchant information, and wherein the payment provider processes a payment to the merchant without the user providing the user account information directly to a merchant server for the merchant; and

receiving a notification that the financial transaction is processed.

2. The system of claim 1, wherein the information comprising the invoice bill and the merchant information is generated from a virtual shopping cart of at least one item to purchase by the user, wherein the virtual shopping cart is accessible from the merchant website.

3. The system of claim 1, wherein the merchant website includes a checkout application configured to accept payment for the invoice bill from the payment provider.

4. The system of claim 1, wherein the web browser application further accesses the payment provider via a network and establishes and maintains a user account comprising the user financial information using the user financial information.

5. The system of claim 4, wherein monetary funds from the user account are deducted for the purchase request.

6. The system of claim 5, wherein the monetary funds are credited to a merchant account corresponding to the merchant.

7. The system of claim 1, wherein the payment icon comprises at least one of a desktop icon, a toolbar icon and a browser icon displayed the client device.

8. A method comprising:

executing a web browser application on the client device;

receiving navigation to a merchant website for a merchant within the web browser application;

receiving a graphical user interface (GUI) from the merchant website for display in the web browser application;

receiving, by a client device through a network interface component, information comprising an invoice bill and merchant information from a merchant;

displaying the GUI using the web browser application executing on the client device, wherein the information is displayed as an invoice icon on the GUI;

initiating, using one or more hardware processors, a financial transaction for the invoice bill when a user moves the invoice icon to a payment icon for a service application displayed on the client device using an input component for the client device, wherein the payment icon comprises a hyperlink to a webpage for processing of the information by the payment provider;

transmitting a purchase request for the invoice bill to a payment provider using the hyperlink, wherein the purchase request includes the invoice bill, user account information with the payment provider, and the merchant information, and wherein the payment provider processes a payment to the merchant without the user providing the user account information directly to a merchant server for the merchant; and

receiving a notification that the financial transaction is processed.

9. The method of claim 8, wherein the information comprising the invoice bill and the merchant information is generated from a virtual shopping cart of at least one item to purchase by the user, wherein the virtual shopping cart is accessible from the merchant website.

10. The method of claim 8, wherein the merchant website includes a checkout application configured to accept payment for the invoice bill from the payment provider.

11. The method of claim 8, wherein the web browser application further accesses the payment provider via a network and establishes and maintains a user account comprising the user financial information using the user financial information.

12. The method of claim 11, wherein monetary funds from the user account are deducted for the purchase request.

13. The method of claim 12, wherein the monetary funds are credited to a merchant account corresponding to the merchant.

14. A non-transitory machine-readable medium having stored thereon machine-readable instructions executable to cause a machine to perform operations comprising:

executing a web browser application on the client device;

receiving navigation to a merchant website for a merchant within the web browser application;

receiving a graphical user interface (GUI) from the merchant website for display in the web browser application;

receiving, by a client device through a network interface component, information comprising an invoice bill and merchant information from a merchant;

displaying the GUI using the web browser application executing on the client device, wherein the information is displayed as an invoice icon on the GUI;

initiating, using one or more hardware processors, a financial transaction for the invoice bill when a user moves the invoice icon to a payment icon for a service application displayed on the client device using an input component for the client device, wherein the payment icon comprises a hyperlink to a webpage for processing of the information by the payment provider;

transmitting a purchase request for the invoice bill to a payment provider using the hyperlink, wherein the purchase request includes the invoice bill, user account information with the payment provider, and the merchant information, and wherein the payment provider processes a payment to the merchant without the user providing the user account information directly to a merchant server for the merchant; and

receiving a notification that the financial transaction is processed.

15. The non-transitory machine readable medium of claim 14, wherein the information comprising the invoice bill and the merchant information is generated from a virtual shopping cart of at least one item to purchase by the user, wherein the virtual shopping cart is accessible from the merchant website.

16. The non-transitory machine readable medium of claim 14, wherein the merchant website includes a checkout application configured to accept the payment for the invoice bill.

17. The non-transitory machine readable medium of claim 14, wherein the user account information identifies a user account comprising using financial information, and wherein monetary funds from the user account are deducted for the purchase request.

18. The non-transitory machine readable medium of claim 17, wherein the monetary funds are credited to a merchant account corresponding to the merchant.