Storing and forwarding payment transactions

US10496977B2 · kind B2 · utility

Assignee

• INC SQUARE, CO., LTD · JP

Inventors

• Edward Ruder · San Jose, US
• James Puls · San Francisco, US
• Mehdi Mulani · San Francisco, US
• Shawn Morel · San Francisco, US
• Grace Huey Chen · San Francisco, US
• Christopher Rolland Clark · Jefferson City, US
• J. Bryan Scott · San Francisco, US
• Eric Monti · San Francisco, US

Key dates

• Filing date: Mar 12, 2013
• Grant date: Dec 3, 2019
• Expiry date: Mar 12, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/4016
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Method, systems, and apparatus for a method of processing a payment transaction using a mobile device of a merchant. In one aspect, determining the mobile device does not have a connection to an external network; receiving data indicating a payment transaction between a customer and the merchant; determining whether the payment transaction should be stored, where the determining is based on a risk heuristic model that considers one or more of the following: a number of already stored transactions, a value of the payment transaction, a total value, where the total value is a sum of the value of the payment transaction and values of one or more already stored transactions, and risk factors associated with the customer; and based at least on the determination, storing the payment transaction on the mobile device for future processing.