Processing a mobile payload

US9886689B1 · kind B1 · utility

Assignee

• INC SQUARE, CO., LTD · JP

Inventors

• Alan Paulin · Kirkland, US
• Peter Westen · Mountain View, US
• Shawn Welch · San Francisco, US
• Daniel Federman · San Francisco, US
• Michael Gershunovsky · San Francisco, US
• Ayokunle Omojola · San Francisco, US

Key dates

• Filing date: Sep 30, 2016
• Grant date: Feb 6, 2018
• Expiry date: Sep 30, 2036

Classification

• Technology area (CPC H): Electricity
• CPC primary: H04L51/10
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Disclosed herein are systems and methods for processing a payment request from a payor's mobile device. Payment Processing System (PPS) server may receive a payment request from a payor's mobile device, including an amount to pay but not any identification of a recipient. The PPS server may increment a balance of an escrow account and decrement a balance of the payor's account according to the amount of the request. The PPS server may generate a token, associated with the escrow account, including an alphanumeric string based on a random value generator. The PPS server may also generate a payload based on the token and transmit the payload to the payor's mobile device. Upon the recipient receiving and activating the payload, the PPS server may decrement the escrow account and increment the recipient's account.