Back to results
US 10,096,014 B2Granted
Systems, devices, and methods for processing payments for a card
OwnerHossein Mohsenzadehinventor
Life of this patent
Estimating the term…
Abstract
Embodiments of the disclosure include systems, methods, and devices for processing payments for a card. Such embodiments include receiving payment information from a payor at an intermediate entity server as well as authorizing the payment transaction, by the intermediate entity server, based on the payment information. Further such embodiments include providing instructions, by the intermediate entity, to debit a payor card account and credit payee shadow ledger account based on the payment information as well as providing instructions, by the intermediate entity, to debit the payee shadow ledger account and to credit the payee card account based on payment rules.
Claims15
A method of configuring a computer server, the method comprising:
- receiving, in one or more messages at the computer server, payee card account information from an issuer module, the one or more messages including instructions that cause the computer server to enable a payee card account to activate to accept payments from a payor via the computer server by generating and linking a shadow ledger account on the computer server to the payee card account on the issuer module, wherein the computer server is an intermediate server linking an issuer module and one or more payment networks;
- in response to receiving the one or more messages, trigger to the computer server to:
- activate a process at the computer server that generates a shadow ledger account on the computer server;
- and
- link the generated shadow ledger account on the computer server to the payee card account on the issuer module to enable the computer server to accept the payor card payments from the payor and directly transmit at least a portion of the payor payment from the shadow ledger account to the payee card account on the issuer module via a settlement process between the computer server and one or more other devices based on rules configured a priori at the computer server.
2 more elements
A system comprising:
- (a) one or more communication networks
- (b) a user computing device coupled to the one or more communication networks;
- (c) an issuer module coupled to the user computing device over the communication networks;
- (d) a computer server coupled to the user computing device and the issuer module over the one or more communication networks, wherein the computer server is an intermediate server linking an issuer module and one or more payment networks, the computer server having:
- (i) one or more storage devices;
- (ii) one or more processors;
- (iii) one or more modules stored in the one or more storage devices and implemented by the one or more processors, the one or more modules configured to:
- (A) receive, in one or more messages, at the computer server, payee card account information from the issuer module, the one or more messages including instructions that cause the computer server to enable a payee card account to activate accept payments from a payor via the computer server by generating and linking a shadow ledger account on the computer server to the payee card account on the issuer module;
- and
- (B) generate and link a shadow ledger account on the computer server linked to the card account to enable the computer server to directly transmit at least a portion of the payor payment from the shadow ledger account to the payee card account on the issuer module via a settlement process between the computer server and one or more other devices based on rules configured a priori at the computer server.
7 more elements
A computer server comprising:
- (a) one or more storage devices;
- (b) one or more processors;
- (c) one or more modules stored in the one or more storage devices and implemented by the one or more processors, the one or more modules configured to:
- (i) receive, in one or more messages, at the computer server, payee card account information from an issuer module, the one or more messages including instructions that cause the computer server to enable a payee card account to activate to accept payments from a payor via the computer server by generating and linking a shadow ledger account on the computer server to the payee card account on the issuer module;
- and
- (ii) generate a shadow ledger account on the computer server linked to the card account to enable the computer server to directly transmit at least a portion of the payor payment from the shadow ledger account to the payee card account on the issuer module via a settlement process between the computer server and one or more other devices based on rules configured a priori at the computer server,
- wherein the computer server is an intermediate server linking an issuer module and one or more payment networks.
4 more elements
Dependencies are inferred from the claim text.