System and method for implementing payment via quick response (QR) code

US11107061B2 · kind B2 · utility

Assignee

• JPMORGAN CHASE BANK, N.A. · US

Inventors

• Venkata Suresh Reddy Bhuma · Aurora, US
• Payal Gandhi · Chicago, US
• Kim Le · Munich, DE
• Majd H. Rimmawi · Tinley Park, US
• Paras Shah · Sunnyvale, US
• Maria Elena Zamora Kriegsmann · Chicago, US
• Bijay Singh Kunwar · Chicago, US
• Wei Li · Yorktown Heights, US

Key dates

• Filing date: Mar 9, 2018
• Grant date: Aug 31, 2021
• Expiry date: Jun 21, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/3276
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The invention relates to a method and system that implements a peer-to-peer transaction using a QR Code. The invention may be realized by a mobile device that comprises: a memory component that stores customer data; and a computer processor, coupled to the memory, programmed to: send a request for a QR Code for a transaction, wherein the request comprises an amount and a time period; responsive to the request, receive the QR Code on the mobile device; present the QR Code to a payer for the transaction; and receive a payment based on the QR Code, from the payer, where the payment is received in an account associated with the QR Code.