System and method for a private and secure payment system using a merchant sales terminal

• US 20110153440A1
• Filed: 12/17/2010
• Published: 06/23/2011
• Est. Priority Date: 01/15/2002
• Status: Active Grant

• Current Assignee: Sales Transaction Systems LLC (Internet Promise Group LLC)
• Original Assignee: Tara Chand Singhal
• Inventors: Singhal, Tara Chand
• Granted Patent: US 10,083,425 B2
• Time in Patent Office: Days
• US Class Current: 705/18
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/04 Payment circuits
• 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 20/1085 involving automatic teller machines [ATMs]
• CPC Class Codes: G06Q 20/12 specially adapted for electronic shopping systems
• CPC Class Codes: G06Q 20/14 specially adapted for billing systems
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/24 Credit schemes, i.e. "pay after"
• CPC Class Codes: G06Q 20/32 using wireless devices
• CPC Class Codes: G06Q 20/322 Aspects of commerce using mobile devices [M-devices]
• CPC Class Codes: G06Q 20/3227 using secure elements embedded in M-devices
• CPC Class Codes: G06Q 20/327 Short range or proximity payments by means of M-devices
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 20/385 using an alias or single-use codes
• 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 20/4014 Identity check for transactions
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G07F 19/203 Dispensing operations within ATMs dispensing in general G07D11/00

Abstract

A secure payment system between a customer and a merchant, where the sales terminal wirelessly transmits a partial payment authorization transaction record including, at least a merchant terminal identification and a payment amount, but not a customer bankcard data, for a specific sales transaction, to a wireless device of the customer. Alternatively, the sales terminal displays a partial payment authorization transaction record including, at least a merchant terminal identification and a payment amount, but not a customer bankcard data, for a specific sales transaction, for the displayed record to be captured by a wireless device of the customer.

Claims

1. A secure payment system between a customer and a merchant, comprising:

a merchant sales terminal;

the sales terminal wirelessly transmits a partial payment authorization transaction record including, at least a merchant terminal identification and a payment amount, but not a customer bankcard data, for a specific sales transaction, to a wireless device of the customer.

2. The secure payment system as in claim 1, comprising:

the transaction record is used to facilitate a secure payment transaction to the merchant from the customer via the customer wireless device.

3. The secure payment system as in claim 1, comprising:

the merchant terminal identification includes a merchant identification, optionally a store identification and further optionally a sales terminal within the store identification.

4. The secure payment system as in claim 1, comprising:

the wireless transmission from the terminal is an optical infrared transmission.

5. The secure payment system as in claim 1, comprising:

the wireless transmission from the terminal is a radio frequency transmission.

6. The secure payment system as in claim 1, comprising:

the wireless transmission from the sales terminal is in a narrow beam enabling only a wireless device of the customer to receive the transmission, where a payment transaction is in a store of the merchant.

7. The secure payment system as in claim 1, comprising:

the sales terminal receives a payment approval record from a card-issuing bank for the specific sales transaction to the specific sales terminal that created the partial payment transaction record.

8. A secure payment system between a customer and a merchant, comprising:

a merchant sales terminal;

the sales terminal displays a partial payment authorization transaction record including, at least a merchant terminal identification and a payment amount, but not a customer bankcard data, for a specific sales transaction, enabling the displayed transaction record to be captured by a wireless device of the customer.

9. The secure payment system as in claim 8, comprising:

the display facilitates, for a wireless device of the customer, to read the partial transaction record to facilitate a secure payment transaction to the merchant from the customer via the customer wireless device.

10. The secure payment system as in claim 9, comprising:

the partial transaction record is displayed as a data in a display screen attached to the sales terminal, for a wireless device to be able to read it from the screen.

11. The secure payment system as in claim 9, comprising:

the partial transaction record is displayed as a data encoded as a bar code in a display screen attached to the sales terminal, for a wireless device to be able to read it from the screen.

12. The secure payment system as in claim 8, comprising:

the sales terminal receives a payment approval record from a bankcard-issuing bank for the specific sales transaction to the specific sales terminal that created the partial payment transaction record.

13. A secure payment system between a customer and a merchant, comprising:

a merchant sales terminal;

the sales terminal wirelessly transmits a partial payment authorization transaction record including, at least a merchant terminal identification and a payment amount, but not a customer bankcard data, for a specific sales transaction, to a wireless device of the customer; and

the sales terminal displays a partial payment authorization transaction record including, at least a merchant terminal identification and a payment amount, but not a customer bankcard data, for a specific sales transaction, enabling the displayed transaction record to be captured by a wireless device of the customer.

14. The secure payment system as in claim 13, comprising:

the transaction record is used to facilitate a secure payment transaction to the merchant from the customer via the customer wireless device.

15. The secure payment system as in claim 13, comprising:

the wireless transmission from the terminal is one from a group of, an optical infrared transmission, or a radio frequency transmission.

16. The secure payment system as in claim 13, comprising:

the partial transaction record is displayed as a data in manner from a group of (i) in a display screen attached to the sales terminal, for a wireless device to be able to read it from the screen, (ii) as a data encoded as a bar code in a display screen attached to the sales terminal, for a wireless device to be able to read it from the screen.

17. The secure payment system as in claim 13, comprising:

the sales terminal receives a payment approval record from a bankcard-issuing bank for the specific sales transaction to the specific sales terminal that created the partial payment authorization record.