Method for conducting a transaction

US10482499B2 · kind B2 · utility

Assignee

• MASTERCARD ASIA/PACIFIC PTE. LTD. · SG

Inventors

• Jiaming Li · Yongkang, CN
• Donghao Huang · Singapore, SG
• Jie Zhang · Beijing, CN
• Bensam Joyson · Singapore, SG
• Douglas Teck Yong Tan · Singapore, SG
• Yong How Chin · Singapore, SG

Key dates

• Filing date: Jun 30, 2015
• Grant date: Nov 19, 2019
• Expiry date: Jul 17, 2036

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0633
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for conducting a transaction between a merchant and a customer, a merchant device, and a computer storage medium for instructing a computing device to execute a method for conducting a transaction between a merchant and a customer are disclosed. The method includes establishing a secure wireless connection between a merchant device and a customer device, real-time synchronizing, via the secure connection, a shopping cart of the customer between the merchant and the customer devices, determining, via the secure connection, at least one payment option for checking out the shopping cart, and processing, at a transaction processing device, the payment based on a selected payment option out of the at least one payment option.