Method for Electronic Payment

• US 20080048025A1
• Filed: 08/28/2007
• Published: 02/28/2008
• Est. Priority Date: 04/12/2004
• Status: Active Grant

• Current Assignee: Advanced Transactions, LLC (IP Investments Group LLC)
• Original Assignee: Nosselly Facility AG LLC (Intellectual Ventures LLC)
• Inventors: Gray, R., Piket, Joseph, Fitzgerald, Shawn
• Granted Patent: US 7,757,945 B2
• Time in Patent Office: Days
• US Class Current: 235/380
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3263 characterised by activation or deactivation of payment capabilities
• CPC Class Codes: G06Q 20/3265 characterised by personalisation for use
• CPC Class Codes: G06Q 20/347 Passive cards
• 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: G07F 7/10 together with a coded signal , e.g. in the form of personal identification information, like personal identification number [PIN] or biometric data
• CPC Class Codes: G07F 7/1075 PIN is checked remotely
• CPC Class Codes: H04L 63/102 Entity profiles
• CPC Class Codes: H04W 12/06 Authentication

Abstract

The invention is a system for facilitating credit card transactions. The system operates in a setting that includes a merchant platform, a System platform and a subscriber mobile device. The merchant platform is in electronic data communications with the System platform and the subscriber mobile device is in electronic data communication with the System platform. The merchant platform receives transaction information though voice communications from a subscriber and a portion of the transaction information is sent electronically to the System platform. The System platform electronically communicates a subset of the portion to the mobile communications device, and the mobile communications device sending data related to account information to the System platform. The System platform electronically transmitting this account information to a Processor for payment authorization.

Claims

1. A system for facilitating credit card type transactions, said system including a System platform and a subscriber mobile device, said system platform acting as an intermediary between a merchant platform, a Processor and said subscriber mobile device during a credit card type transaction, said subscriber mobile device having a means for a third party to initiate electronic communications to the mobile device, each merchant platform communicating electronically with said System Platform during a transaction, said subscriber mobile device communicating electronically with said System platform during a credit card type transaction, where the merchant platform receives transaction information from a subscriber, said system platform receiving a portion of the transaction information electronically from the merchant platform, said System platform electronically communicating a portion of said received transaction information to said subscriber mobile device, said mobile device sending data related to a subscriber chosen credit card type account identifier to said System platform, said System platform electronically transmitting credit card type account information related to said transmitted credit card type account identifier to a Processor for payment authorization.

2. The system in claim 1 wherein said System platform transmits the credit card type account information to a System Processor.

3. The system in claim 1 wherein said System platform transmits the credit card type account information to a Merchant Processor.

4. The system in claim 1 further including a subscriber database containing subscriber account information.

5. The system of claim 4 wherein said subscriber database is located on said System platform.

6. The system of claim 4 where said subscriber database is located on the subscriber mobile device.

7. The system of claim 1 wherein said subscriber supplied data is received by the merchant platform electronically from the subscriber mobile device.

8. The system of claim 1 wherein said subscriber supplied data is received by the merchant platform though voice communications.

10. The system of claim 1 wherein said merchant platform is another subscriber platform and said credit card type transactions is a request to fund an account of said another subscriber.

11. The system of claim 1 wherein said credit card type transaction is another subscriber platform and said credit card type transactions is a request to fund an account of said another subscriber

12. The system of claim 1 wherein said credit card type transaction is a purchase by a subscriber at a point of sale.

13. The system of claim 1 wherein said credit card type transaction is a purchase of good or services through a call center.

15. The system of claim 1 wherein said credit card type account information related to said transmitted credit card type account identifier is an encrypted credit card type account identifier.

16. The system of claim 15 wherein said encryption includes storing a first portion of said credit card account type account identifier on said system platform and a second portion of said credit card account type account identifier on said mobile device.

9. The system of claim 9 wherein said subscriber supplied data is received by the merchant platform though voice communications through said subscriber mobile device.

14. The method of facilitating a credit card type transaction, said method including the steps of

A) receiving an electronic request for payment from a merchant

B) sending an electronic request for payment authorization to a mobile communications device;

C) receiving the authorization account information from the mobile communications device

D) electronically forwarding said authorization account information to a Processor.