WIRELESS PAYMENT METHOD AND SYSTEMS
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Abstract
A method for conducting a transaction is disclosed. The method includes using a first portable electronic device, and directly transmitting a request for payment to a second portable electronic device through a wireless link. Then, the second portable electronic device transmits an approval of the request for payment to the first portable electronic device. One of the first and the second portable electronic devices then sends the request for payment to a payment hub service. The payment hub service then facilitates the transfer of funds from a payer institution to a payee institution to complete the transaction.
102 Citations
35 Claims
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1-20. -20. (canceled)
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21. A method comprising:
receiving an instruction to transfer funds from a payer account at a payer institution to a payee account at a payee institution, wherein the instruction is received from a payment services hub after the payment services hub receives an approval of a request for payment, wherein the approval of the request for payment was obtained after a first portable electronic device directly transmitted a request for payment to a second portable electronic device through a wireless link, and after the approval of the request was received at the first portable electronic device, wherein the approval was sent directly from the second portable electronic device to the first portable electronic device through the wireless link; and
then sending funds from the payer account to the payee account.- View Dependent Claims (22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35)
Specification