System and Method for Mobile Device-Based Smart Wallet

• US 20130159080A1
• Filed: 12/17/2011
• Published: 06/20/2013
• Est. Priority Date: 12/17/2011
• Status: Abandoned Application

• Current Assignee: Lashou Group, Inc. (Ya Fei Yuan,)
• Original Assignee: Lashou Group, Inc. (Ya Fei Yuan,)
• Inventors: Wu, Bo, Xiong, Yuhong
• Application Number:
  US13/329,263
• Publication Number:
  US 20130159080A1
• Time in Patent Office: Days
• US Class Current: 705/14.23
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/3276 using a pictured code, e.g. barcode or QR-code, being read by the M-device
• CPC Class Codes: G06Q 20/36 using electronic wallets or electronic money safes
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0234 Rebates after completed purchase
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A method for conducting a payment transaction using a smart wallet is proposed. The smart wallet accepts financial account information input by a consumer. The smart wallet stores the financial account information and transmits the financial account information to a smart wallet management server. When the consumer shops at a store, the smart wallet displays a list of merchandise purchased at the store and a total payment amount of the purchased merchandise. The smart wallet also provides a recommendation for making the payment amount. Finally, the smart wallet transmits a payment request to the smart wallet management server such that the payment is authorized and the payment transaction is completed. In one embodiment, the smart wallet can be used as a key to access shared mailboxes, resulting in significant improvement on package delivery operations for both couriers and consumers.

Claims

1. A method for conducting a payment transaction using a smart wallet, the method comprising:

accepting financial account information input by a consumer, wherein the financial account information includes a financial institution name, an account number and an access password;

storing the financial account information and transmitting the financial account information to a smart wallet management server;

obtaining and displaying a list of merchandise purchased at a store and a total payment amount for the purchased merchandise;

providing a recommendation for making the payment amount; and

transmitting a payment request to the smart wallet management server.

2. The method of claim 1, wherein the obtaining involves taking a photo of a barcode image that is generated from a point of sale (POS) device at the store and scanning the barcode image.

3. The method of claim 2, wherein the barcode image contains a two-dimensional Quick Response (QR) code.

4. The method of claim 1, wherein the recommendation involves analyzing the payment amount, the financial account information, and consumer transaction history information.

5. The method of claim 4, wherein the financial account information used for recommendation analysis further includes an account balance, a credit limit, an interest rate, and a rewards policy.

6. The method of claim 4, wherein the consumer transaction history information used for recommendation analysis includes fixed payments, previous purchase transactions, and spending patterns.

7. The method of claim 1, further comprising:

acquiring a coupon of a promotion product or service from a smart wallet management server website or from a merchant website; and

redeeming the coupon during purchasing the promotion product or service at the store.

8. The method of claim 1, further comprising:

storing the payment transaction and synchronizing the consumer transaction history information with the smart wallet management server.

9. A method for managing smart wallet applications, the method comprising:

storing and updating a plurality of smart wallet consumer accounts, wherein each consumer account comprises a personal profile, financial account information, and transaction history information;

receiving a payment request for a specific payment amount transmitted from a smart wallet application by a consumer; and

recommending a payment method to the consumer and authorizing a selected payment method.

10. The method of claim 9, wherein the recommending involves analyzing the specific payment amount with the financial account information and the transaction history information of the consumer.

11. The method of claim 10, wherein the financial account information used for recommendation analysis further includes an account balance, a credit limit, an interest rate, and a reward policy.

12. The method of claim 10, wherein the transaction history information used for recommendation analysis includes fixed payments, previous purchase transactions, and spending patterns.

13. The method of claim 9, further comprising:

storing and updating a plurality of merchant accounts, wherein each merchant account comprises a merchant profile, point of sale device information, and coupon information.

14. The method of claim 9, further comprising:

transmitting a coupon to the smart wallet application based on the personal profile and the transaction history information of the consumer.

15. The method of claim 9, further comprising:

receiving a coupon search request from the consumer; and

searching coupons from the coupon information based on the coupon search request.

16. The method of claim 9, wherein the authorizing involves forwarding the payment amount with the selected payment method and receiving a payment confirmation from a financial institution server.

17. A method of providing delivery via public mailboxes, the method comprising:

receiving delivery information transmitted from a mobile device of a delivery personnel; and

transmitting a delivery notification to a smart wallet application of a consumer based on the received delivery information, wherein the delivery notification comprises a mailbox address, a mailbox number, and a security code, and wherein the security code is used by the consumer to open a mailbox with the mailbox number located at the mailbox address.

18. The method of claim 17, wherein opening the mailbox involves transmitting the security code to the mailbox using near field communication technology.

19. The method of claim 17, wherein opening the mailbox involves inputting the security code onto a keypad of the mailbox.

20. The method of claim 17, wherein the mailbox is used for a first delivery to a first consumer, and wherein the same mailbox is used for a second delivery to a second consumer.