Pre-set readable indicia to facilitate payment during a transaction with a merchant when there is limited network connectivity

US8925805B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• David M. Grigg · Rock Hill, US
• Alicia C. Jones · Fort Mill, US
• Glenn Grossman · Matthews, US
• Matthew A. Calman · Charlotte, US

Key dates

• Filing date: Aug 15, 2012
• Grant date: Jan 6, 2015
• Expiry date: Aug 15, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/36
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Embodiments are directed to processing a pre-set readable indicia associated with a user. Embodiments receive and store one or more pre-set readable indicia including instructions for providing a payment during a transaction; and presents one or more of the pre-set readable indicia to a merchant during a transaction for payment. In some embodiments, the pre-set readable indicia comprises a one-use payment token for payment during a transaction not to exceed a predetermined payment limit, and in some embodiments, the pre-set readable indicia comprises payment account information and the invention receives authentication credentials from the user and authenticates the user to approve payment using the payment account information from the pre-set readable indicia.