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US 10,269,004 B2Granted
QR code-enabled P2P payment systems and methods
AssigneemFoundry, Inc.
InventorsDon W. Tyler, Jeff Isenhart, Anne Mueller, Christoph Sadil
Life of this patent
Estimating the term…
Abstract
Systems and methods are provided for facilitating peer-to-peer payment transactions using mobile devices. According to certain embodiments, a financial account for providing funds for a payment transaction is determined. User input including a payment amount for the payment transaction is received and a QR code that represents the payment amount is generated. The QR code is displayed on the display of a mobile device for purposes of scanning and processing by a second mobile device.
Claims16
A computer-implemented method, comprising:
- determining, by a processor of a mobile device, a funding financial account for a payment transaction;
- receiving, by the processor, a user input comprising a payment amount for the payment transaction;
- determining, by the processor, identification information associated with a user of the funding financial account;
- determining, by the processor, that additional security is to be used in the payment transaction;
- configuring, by the processor based on the additional security determination, a transaction token incorporating the determined identification information;
- generating, by the processor, a QR code comprising a representation of the payment amount, the transaction token, and an application identifier associated with a payment application of the mobile device used to generate the QR code;
- displaying, by the processor, the QR code on a display of the mobile device;
- and
- transmitting, by the processor, a notification indicating the generation of the QR code to a server, the notification including an image of the QR code.
6 more elements
A mobile device, comprising:
- a display;
- a memory storing instructions;
- and
- a processor configured to execute the instructions to:
- determine, by the processor, a funding financial account for a payment transaction;
- receive, by the processor, a user input comprising a payment amount for the payment transaction;
- determine, by the processor, identification information associated with a user of the funding financial account;
- determine, by the processor, that additional security is to be used in the payment transaction;
- configure, by the processor based on the additional security determination, a transaction token incorporating the determined identification information;
- generate, by the processor, a QR code comprising a representation of the payment amount, the transaction token, and an application identifier associated with a payment application of the mobile device used to generate or display the QR code;
- display, by the processor, the QR code on the display;
- and
- transmit, by the processor, a notification indicating the generation of the QR code to a server, the notification including an image of the QR code.
10 more elements
Dependencies are inferred from the claim text.