MOBILE WALLET PAYMENT PROCESSING
First Claim
1. A method for mobile wallet payment processing, comprising:
- receiving a request for a virtual credit card from a mobile wallet operative on an associated mobile device, the request including a device identification and a predefined payment form;
with a processor, dynamically issuing a virtual credit card responsive to the request, the virtual credit card associated with the device identification and the predefined payment form;
communicating the dynamically issued virtual credit card to the mobile wallet operative on the associated mobile device;
receiving a payment request for payment for at least one of a good or a service, the payment corresponding to a charge to the virtual credit card;
verifying funds associated with the virtual credit card relative to the charge of the payment request; and
rendering the payment to the vendor using the virtual credit card responsive to a verification of the funds associated with the virtual credit card.
1 Assignment
0 Petitions
Accused Products
Abstract
A method and system for mobile wallet payment processing. A request may be received from a mobile wallet operative on a mobile device for a virtual credit card, the request including device identification and a predefined payment form. A virtual credit card is dynamically issued by a payment processor responsive to the request. The virtual card is communicated to the mobile wallet on the mobile device and used to authorize a transaction with a vendor. A payment request is received from the vendor by the payment processor, which includes the virtual credit card, transaction details, and the identification of the mobile device authorizing the transaction. Upon verification of the information in the payment request and available funds, the payment processor processes payment for the transaction using the virtual credit card, with the predefined payment form used to satisfy any charges incurred by the virtual credit card.
177 Citations
20 Claims
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1. A method for mobile wallet payment processing, comprising:
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receiving a request for a virtual credit card from a mobile wallet operative on an associated mobile device, the request including a device identification and a predefined payment form; with a processor, dynamically issuing a virtual credit card responsive to the request, the virtual credit card associated with the device identification and the predefined payment form; communicating the dynamically issued virtual credit card to the mobile wallet operative on the associated mobile device; receiving a payment request for payment for at least one of a good or a service, the payment corresponding to a charge to the virtual credit card; verifying funds associated with the virtual credit card relative to the charge of the payment request; and rendering the payment to the vendor using the virtual credit card responsive to a verification of the funds associated with the virtual credit card. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A mobile wallet payment processing system, comprising:
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a virtual credit card issuer configured for dynamically issuing a virtual credit card in response to a request received from a mobile wallet on an associated mobile device, the request including a device identification and a predefined payment form, and communicating the dynamically issued virtual credit card to the mobile wallet; a payment processing component configured for; analyzing a payment request for payment of a transaction for at least one of a good or a service, the payment corresponding to a charge to the virtual credit card, verifying funds associated with the virtual credit card relative to the charge of the payment request, and rendering the payment to the vendor using the virtual credit card responsive to a verification of the funds associated with the virtual credit card; and a processor which implements at least one of the virtual credit card issuer and the payment processing component. - View Dependent Claims (15, 16, 17, 18)
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19. A computer-implemented method for mobile wallet payment processing, comprising:
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selecting at least one predefined payment form corresponding to at least one of a checking account, a savings account, a credit card account, a debit card account, or a charge account; linking, with a processor, the at least one selected predefined payment source to a mobile wallet on an associated mobile device; receiving a dynamically issued virtual credit card from an associated payment processor, the virtual credit card funded from the at least one selected predefined payment source linked to the mobile wallet; receiving an authorization request from a vendor for payment for at least one of a good or a service, the payment corresponding to a charge to the virtual credit card; and rendering the payment to the vendor using the virtual credit card responsive to an approval of the authorization request. - View Dependent Claims (20)
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Specification