Processing electronic payment involving mobile communication device

US10949844B2 · kind B2 · utility

Assignee

• Intuit Inc. · US

Inventors

• Trevor D. Dryer · Mountain View, US
• Eran Arbel · Netanya, IL
• Alexander S. Ran · Palo Alto, US
• Ajay Tripathi · Libertyville, US
• Douglas Lethin · Reading, US
• Bennett Blank · San Diego, US
• Eugene Krivopaltsev · San Jose, US

Key dates

• Filing date: May 9, 2011
• Grant date: Mar 16, 2021
• Expiry date: Dec 27, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/425
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Mobile payments and processing data related to electronic transactions. A near field communication connection is established between a mobile communication device of a consumer that serves as a mobile wallet and an electronic payment device of a merchant. Authorization data is shared between the mobile communication device and the electronic payment device without providing electronic payment instrument (e.g. credit card) data to the merchant. Authorization data is transmitted from the mobile communication device to a cloud computer or resource that serves as a cloud wallet and hosts respective data of respective electronic payment instruments of respective consumers, and from the electronic payment device a payment processor computer. The payment processor computer presents the authorization data to the cloud wallet, and in response, the cloud wallet transmits the credit card data to the payment processor computer, which processes the transaction.