Expedited processing of electronic payment transactions
US9785930B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 29, 2016 |
| Grant date | Oct 10, 2017 |
| Priority date | — |
| Expiry date | Jun 29, 2036 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q20/341
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A payment terminal may receive a request to process electronic payment information from a chip card in an expedited processing mode. The payment terminal may provide an opt-in request. If a user accepts, the payment terminal may receive a request for payment and request an electronic payment response from the chip card. The payment terminal may receive the electronic payment response from the chip card and store it in memory at the payment terminal. The payment terminal may approve the payment transaction associated with the electronic payment response, allowing the chip card to be removed from the payment terminal. The payment terminal may process additional requests for payment and associate payment-type and time indicators with each electronic payment response. The payment terminal may transmit approval requests to one or more payment servers when the terminal determines they may be transmitted, and, for each request, receive a payment approval response.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.