Mobile payment station system and method

• US 8,589,236 B2
• Filed: 10/18/2010
• Issued: 11/19/2013
• Est. Priority Date: 10/19/2009
• Status: Active Grant

• Current Assignee: Mobile Equity Corp. (d/b/a QRUZ)
• Original Assignee: Faber Financial LLC
• Inventors: Afana, Marwan Monir
• Primary Examiner(s): ADE, OGER GARCIA
• Application Number:
  US12/906,989
• Publication Number:
  US 20110093351A1
• Time in Patent Office: 1,128 Days
• Field of Search: 705/16
• US Class Current: 705/16
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/3223 Realising banking transactions through M-devices
• 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 30/00 Commerce
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A mobile device is used to initiate and execute a transaction between a customer and a merchant. A mobile device is used to initiate a point of sale transaction, wherein a merchant ID is sent to a payment processing server. Responsive to receiving a communication from the mobile device, the payment processing server requests transaction information from the merchant, wherein the merchant is identified based on the provided merchant ID. The merchant can provide transaction information such as the total sale amount to the payment processing server. The payment processing server can authenticate the customer and initiate a purchase transaction with the appropriate financial institutions associated with the customer and the merchant. The payment processing server can send a confirmation of the executed transaction to the merchant and the mobile device.

Claims

1. A method for conducting a transaction between a merchant and a customer, the customer using a mobile device, the method comprising:

receiving a merchant identifier from the mobile device operated by the customer, the merchant identifier indicating a request to initiate a transaction with a merchant terminal identified by the merchant identifier, wherein the merchant identifier does not indicate a transaction amount for the transaction;

sending, in response to receiving the merchant identifier, a transaction information request to the merchant terminal associated with the merchant identifier;

receiving transaction information from the merchant terminal in response to the transaction information request, the transaction information including the transaction amount for the transaction;

identifying a purchase account associated with the customer and a deposit account associated with the merchant; and

initiating the transaction between the merchant and the customer for the transaction amount received from the merchant terminal and the identified purchase account associated with the customer and the identified deposit account associated with the merchant.

2. The method of claim 1, wherein the merchant identifier comprises a unique identifier associated with the merchant terminal.

3. The method of claim 1, wherein the merchant identifier is received from the mobile device by at least one of:

an SMS message, an MMS message, an email message, an application, or a phone call.

4. The method of claim 3, wherein the merchant identifier comprises a number interpreted by an application executing on the mobile device based on a depiction of merchant identification.

5. The method of claim 1, wherein the merchant terminal is a point-of-sale terminal associated with the merchant.

6. The method of claim 1, further comprising receiving, from the customer, a pre-set personal identification number for authorizing a transaction from a mobile device unassociated with the customer;

determining the mobile device is not associated with the customer; and

receiving the pre-set personal identification number from the mobile device.

7. The method of claim 1, wherein the purchase account associated with a customer is identified based on a phone number associated with the mobile device.

8. The method of claim 1, wherein the purchase account is identified based on a merchant type or the transaction amount.

9. The method of claim 1, wherein the purchase account is identified based on an account phone number communicated by the mobile device, wherein a phone number associated with the mobile device is different from the account phone number.

10. The method of claim 1, wherein initiating a transaction between the merchant and the customer comprises sending instructions to an appropriate financial institutions associated with the purchase account and the deposit account.

11. The method of claim 1, wherein a mobile enablement center is used to identify an appropriate payment processing server associated with a financial institution.

12. The method of claim 1, wherein a service data point is used to initiate a transaction between the merchant and the customer.

13. The method of claim 12, wherein the service data point is identified by a register of service data points responsive to a query to execute a transaction between the customer and the merchant.

14. The method of claim 1, wherein the merchant terminal is a point of sale terminal is enabled, responsive to a firmware update, to receive a request to initiate a point of sale transaction.

15. A system for conducting a transaction between a merchant and a customer, comprising:

a processor; and

a memory including instructions for execution on the processor, the instructions, when executed on the processor, causing the processor to perform the steps of;

receive a merchant identifier from a mobile device operated by a customer, the merchant identifier indicating a request to initiate a transaction with a merchant terminal identified by the merchant identifier, wherein the merchant identifier does not indicate a transaction amount for the transaction;

send, in response to receiving the merchant identifier, a transaction information request to the merchant terminal associated with the merchant identifier;

receive transaction information from the merchant terminal in response to the transaction information request, the transaction information including the transaction amount for the transaction;

identify a purchase account associated with the customer and a deposit account associated with the merchant; and

initiate the transaction between the merchant and the customer for the transaction amount received from the merchant terminal and the identified purchase account associated with the customer and the identified deposit account associated with the merchant.

16. The system of claim 15, wherein the merchant identifier comprises a unique identifier associated with the merchant terminal.

17. The system of claim 15, wherein the merchant identifier is received from the mobile device by at least one of:

an SMS message, an MMS message, an email message, an application, or a phone call.

18. The system of claim 17, wherein the merchant identifier comprises a number interpreted by an application executing on the mobile device based on a depiction of merchant identification.

19. The system of claim 15, wherein the merchant terminal is a point-of-sale terminal associated with the merchant.