System and method for facilitating cash payment transactions using a mobile device

US9626701B2 · kind B2 · utility

Assignee

• PayNearMe, Inc. · US

Inventors

• Stephen P. Capps · Redwood City, US
• John Paul Minor · Freehold, US
• Catalin Voss · Stanford, US

Key dates

• Filing date: May 23, 2012
• Grant date: Apr 18, 2017
• Expiry date: May 23, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Disclosed herein are systems and methods for facilitating transactions between a merchant-partner and an end-user. In one embodiment, a service provider: (a) stages a transaction between a merchant and a consumer; (b) creates a transaction-specific unique reference locator (URL) linked to a transaction-specific web page; and (c) sends the transaction-specific URL to the consumer's mobile device. Whereupon the consumer clicks on the transaction specific URL on their mobile device, the service provider displays a token ID on the transaction-specific web page. The token ID is linked to the staged transaction and is used to initiate data communication between a point-of-sale (POS) terminal and the service provider's processing unit. The service provider can then: receive confirmation that the consumer has presented the token ID and a payment to the POS terminal; display a transaction receipt on the transaction-specific web page; and/or notify the merchant that the consumer has provided the payment.