Reverse terminal payment systems and methods

US12327234B2 · kind B2 · utility

Assignee

• Synchrony Bank · US

Inventors

• Michael Storiale · Rocky Hill, US
• Sih Lee · Northvale, US
• William Kievit · Stamford, US
• Jennifer Cantor · Chicago, US
• Jake Miller · San Francisco, US
• Noah Pell · Champaign, US
• Christopher Bauer · Houston, US
• Lisa Hammond · Alpharetta, US

Key dates

• Filing date: Dec 1, 2022
• Grant date: Jun 10, 2025
• Expiry date: May 26, 2043

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/409
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An application executed on a user device receives a request to initiate a transaction with an entity associated with a device implemented at a point-of-sale. The application detects that the user device is proximate to the device and detects an audial tone that encodes information corresponding to an entity associated with the device. The application transmits a request to transfer a payment to the entity, wherein the request includes the information and a payment amount for the payment. When the request is received by a payment processing system, the payment processing system transfers the payment to the entity and provides a confirmation for the payment. The application broadcasts a confirmation audial tone that encodes the confirmation. When the confirmation audial tone is received at the device, the device demodulates the confirmation audial tone to provide the confirmation to the entity.