Methods and systems for processing transactions
First Claim
Patent Images
1. A method for a customer to conduct a purchase transaction at a point-of-sale (POS) device, the method comprising:
- receiving, by a computer system, from a second computer system via an Internet connection, enrollment information to register a plurality of payment accounts of the customer, wherein the enrollment information comprises authentication information, the authentication information comprising;
a personal identification number (PIN) selected by the customer; and
a telephone number of the customer;
receiving, by the computer system, from the second computer system via the Internet, payment account numbers for the plurality of payment accounts of the customer, wherein a plurality of forms of value are held in the plurality of payment accounts;
adding, by the computer system, the plurality of payment accounts to a profile of the customer;
receiving, by the computer system, transaction information and an encryption certificate from the POS device of a merchant, wherein the transaction information corresponds to the purchase transaction and comprises the authentication information, and wherein the POS device is configured to receive the authentication information wirelessly from a telephone of the customer;
authenticating, by the computer system, the customer using the authentication information and the encryption certificate;
receiving, by the computer system, a selection of a payment account from the plurality of payment accounts based on an identity of the merchant indicated in the transaction information received from the POS device of the merchant, wherein the selected payment account comprises a first form of value;
converting the first form of value to a second form of value that is accepted by the merchant; and
settling, by the computer system, the purchase transaction, using the payment account of the customer.
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Abstract
Methods and systems are provided for processing a transaction between a first party and a second party. Information defining terms of the transaction and identifying a presentation instrument are received at a host system. Preference information associated with the presentation instrument is retrieved with the host system. The preference information specifies terms for an allocation of transaction amounts among multiple transaction types. An amount for the transaction is allocated among the transaction types in accordance with terms of the transaction and the terms for the allocation.
74 Citations
15 Claims
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1. A method for a customer to conduct a purchase transaction at a point-of-sale (POS) device, the method comprising:
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receiving, by a computer system, from a second computer system via an Internet connection, enrollment information to register a plurality of payment accounts of the customer, wherein the enrollment information comprises authentication information, the authentication information comprising; a personal identification number (PIN) selected by the customer; and a telephone number of the customer; receiving, by the computer system, from the second computer system via the Internet, payment account numbers for the plurality of payment accounts of the customer, wherein a plurality of forms of value are held in the plurality of payment accounts; adding, by the computer system, the plurality of payment accounts to a profile of the customer; receiving, by the computer system, transaction information and an encryption certificate from the POS device of a merchant, wherein the transaction information corresponds to the purchase transaction and comprises the authentication information, and wherein the POS device is configured to receive the authentication information wirelessly from a telephone of the customer; authenticating, by the computer system, the customer using the authentication information and the encryption certificate; receiving, by the computer system, a selection of a payment account from the plurality of payment accounts based on an identity of the merchant indicated in the transaction information received from the POS device of the merchant, wherein the selected payment account comprises a first form of value; converting the first form of value to a second form of value that is accepted by the merchant; and settling, by the computer system, the purchase transaction, using the payment account of the customer. - View Dependent Claims (2, 3, 4, 5, 6, 13, 14, 15)
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7. A computer program product residing on a non-transitory processor-readable medium for a customer to conduct a purchase transaction at a point-of-sale (POS) device, the computer program product comprising processor-readable instructions configured to cause a processor to:
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receive enrollment information to register a plurality of payment accounts of the customer, wherein the enrollment information is received from a computer system via an Internet connection and the enrollment information comprises authentication information, the authentication information comprising; a personal identification number (PIN) selected by the customer; and a telephone number of the customer; receive from a second computer system of the customer via the Internet connection, payment account numbers for the plurality of payment accounts of the customer, wherein a plurality of forms of value are held in the plurality of payment accounts; add the plurality of payment accounts to a profile of the customer; receive transaction information and an encryption certificate from the POS device of a merchant, wherein the transaction information corresponds to the purchase transaction and comprises authentication information, and wherein the POS device is configured to receive the authentication information wirelessly from a telephone of the customer; authenticate the customer based on the authentication information and the encryption certificate; receive by the computer system, a selection of a payment account from the plurality of payment accounts based on an identity of the merchant indicated in the transaction information received from the POS device of the merchant, wherein the selected payment account comprises a first form of value; convert the first form of value to a second form of value that is accepted by the merchant; and settle the purchase transaction using the payment account of the customer. - View Dependent Claims (8, 9, 10, 11, 12)
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Specification