Systems and methods for payment management for supporting mobile payments

US11379818B2 · kind B2 · utility

Assignee

• Worldpay, LLC · US

Inventors

• Travis L. Priest · Sarasota, US
• Daniel J. OURADA · Bend, US
• Matthew D. Ozvat · Durango, US
• Daniel Murphy · Chicopee, US
• Nicholas G. Nayfack · Rue de l'Église, US
• Charles E. Watts · Emerald Isle, US

Key dates

• Filing date: May 29, 2020
• Grant date: Jul 5, 2022
• Expiry date: Aug 19, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0201
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for managing mobile payments is provided. An account issuer provides an application that is loaded onto a mobile device, which enables a consumer to pay for transactions. The mobile payment application generates a unique code. The code is read by the point of sale terminal, which is then provided to the payment management system. The payment management system contracts the account issuer and authenticates the code, thereby receiving a primary account number. Account number and transaction information is used to authorize the transaction via payment systems. The payment system accepts or declines the transaction in a response. Tokens may be generated for the account number, and value added services may be generated based upon user behaviors.