Mobile transactions with merchant identification codes
US10387874B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | May 30, 2013 |
| Grant date | Aug 20, 2019 |
| Priority date | — |
| Expiry date | Dec 4, 2033 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A merchant creates a record with a payment processor. As part of the record, the payment processor records identification codes for one or more merchant operators of the merchant system. The merchant operator, such as a vendor, presents their identification code to a user that desires to purchase a product from the vendor. The user's computing device receives the vendor's identification code, as well as transaction details for the desired purchase transaction. The payment processor receives a request from the user's computing device to process the purchase transaction. Based on the identification code received and the transaction details, the payment processor identifies the merchant record and verifies a financial account for the user. The payment processor provides an authentication to the user computer device, which includes an authorization indicator, such as a vendor password. After the vendor views the authorization indicator, the vendor can provide the product to the user.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.