Wireless payment method and systems

US8567671B2 · kind B2 · utility

Assignee

• Visa U.S.A. Inc. · US

Inventors

• Joan Myers · Danville, US
• Sara Garrison · Orinda, US
• Mark Carlson · Rue de l'Église, US

Key dates

• Filing date: May 2, 2012
• Grant date: Oct 29, 2013
• Expiry date: May 2, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for conducting a transaction is disclosed. The method includes using a first portable electronic device, and directly transmitting a request for payment to a second portable electronic device through a wireless link. Then, the second portable electronic device transmits an approval of the request for payment to the first portable electronic device. One of the first and the second portable electronic devices then sends the request for payment to a payment hub service. The payment hub service then facilitates the transfer of funds from a payer institution to a payee institution to complete the transaction.