Payment processing with dynamic barcodes

US10108946B2 · kind B2 · utility

Assignee

• Handle Financial, Inc. · US

Inventors

• Richard Scott Perkins · Eagle, US
• Kurt Thams · Santa Cruz, US
• Daniel Jeffrey Shader · Palo Alto, US

Key dates

• Filing date: Feb 25, 2014
• Grant date: Oct 23, 2018
• Expiry date: Feb 25, 2034

Classification

• Technology area (CPC G): Physics
• CPC primary: G07G1/0045
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system, method and apparatus for payment processing using dynamic barcodes is provided. In an embodiment, a method is provided. The method includes receiving a request to stage an order, including information identifying a merchant. The method further includes determining current order information for the merchant. The method also includes producing a token identifier for the order. The token identifier includes an item code and a ticket identifier. The item code identifies or references an economic understanding for the order. Additionally, the method includes staging the order within a system to allow for completion of the order later in time. The order completes through notification of payment to a POS terminal by a consumer and fulfillment of the order by the merchant. The method further includes sending the token identifier to the merchant. The token identifier is to be provided to the consumer for use by the consumer in paying for the order at the POS terminal. The POS terminal is remote from the merchant.