SYSTEMS AND METHODS FOR USING A TOKEN AS A PAYMENT IN A TRANSACTION
First Claim
Patent Images
1. A method for facilitating a payment transaction using a mobile device, comprising:
- validating a user'"'"'s identity;
providing a token to the user;
receiving the token and user identification information from a merchant as payment for a transaction; and
authorizing the transaction.
5 Assignments
0 Petitions
Accused Products
Abstract
Embodiments of the invention relate to systems and methods for using a token as a payment in a transaction. In one embodiment, a method for facilitating a payment transaction using a mobile device can be provided. The method can include validating a user'"'"'s identity; providing a token to the user; receiving the token and user identification information from a merchant as payment for a transaction; and authorizing the transaction.
407 Citations
31 Claims
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1. A method for facilitating a payment transaction using a mobile device, comprising:
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validating a user'"'"'s identity; providing a token to the user; receiving the token and user identification information from a merchant as payment for a transaction; and authorizing the transaction. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system for facilitating a payment transaction using a mobile device, comprising:
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at least one data storage device operable to store computer-readable instructions; at least one computer processor operable to execute the computer-readable instructions; and a set of computer-readable instructions operable to; validate a user'"'"'s identity; provide a token to the user; receive the token and user identification information from a merchant as payment for a transaction; and authorize the transaction. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A method for facilitating a payment transaction, comprising:
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receiving a token and a user identification information from a customer as payment for a transaction; transmitting the token and the user identification information to a trusted third party; receiving an indication whether the transaction is authorized; if the transaction is authorized, receiving electronic funds from the trusted third party; and if the transaction is not authorized, informing the customer the transaction is declined. - View Dependent Claims (20, 21, 22)
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23. A method for making a payment, the method comprising:
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providing user identification information and payment account information to a trusted third party; transmitting an indication in response to instructions to confirm an identity; receiving a token for making a payment to a merchant; and providing the token to a merchant as payment for a transaction. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31)
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Specification