Systems and methods for distributed enhanced payment processing

US12361419B2 · kind B2 · utility

Assignee

• Worldpay, LLC · US

Inventors

• Matthew D. Ozvat · Durango, US
• Michelle K. Plomske · Durango, US
• Charles E. Watts · Emerald Isle, US
• Robert Bonestell · Durango, US
• Daniel J. OURADA · Bend, US
• Kevin Oliver · San Francisco, US

Key dates

• Filing date: Apr 14, 2022
• Grant date: Jul 15, 2025
• Expiry date: Apr 14, 2042

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/401
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A distributed enhanced payment processing system includes a merchant point of sale (POS) terminal system and a remote payment management system. The POS terminal system initiates a transaction that includes receiving a payment amount, a purchaser account identifier, a virtual electronic payment indicator, and a merchant ID via a payment client. Subsequently, the POS terminal system outputs the transaction to the remote payment management system which generates a token for the transaction. The payment management system then provides the purchaser account identifier, a merchant account identifier, and the payment amount to a remote virtual electronic payment (VEP) entity system. Upon receiving a VEP entity system response, the payment management system outputs the response and token to the POS terminal system.