Payment systems and methods
AssigneeMOBIbucks Corp.
InventorsJorge M. Fernandes, Timothy Wyatt, Mounir Shita, Scott Markwell, Pasan M. Kulasooriya De Silva, Kevin E. Wu, James B. O'Connor
Life of this patent
Estimating the term…
Abstract
In one embodiment the present invention includes a payment system for a commercial transaction. The payment system includes an account server that a consumer accesses using the consumer's mobile telephone number. The account server updates the consumer's account and the merchant's account according to the transaction. The account server sends a confirmation directly to the consumer's mobile telephone.
Claims10
A computer-implemented method of performing a commercial transaction between a first entity and a second entity, comprising the steps of:
- receiving, by an account server from the first entity, an account number and a verification code, wherein the account number and the verification code are selected by the first entity, and wherein the account number relates to a first account maintained by the account server;
- verifying, by the account server, the account number and the verification code;
- receiving, by the account server from the second entity, information regarding a specific transaction;
- and
- adjusting, by the account server, the first account and a second account according to the specific transaction, wherein the second account is related to the second entity.
A computer-implemented method of transferring funds from a first entity to a second entity, comprising the steps of:
- receiving, by an account server from the first entity, a first account number and a verification code, wherein the first account number and the verification code are selected by the first entity, and wherein the first account number relates to a first account maintained by the account server;
- verifying, by the account server, the first account number and the verification code;
- receiving, by the account server from the first entity, a second account number and a transaction amount, wherein the second account number is selected by the second entity and relates to a second account maintained by the account server;
- and
- adjusting, by the account server, the first account and the second account according to the transaction amount.
A method of funding a gift certificate, comprising the steps of:
- receiving information indicating an account number and a funding source, wherein the account number is selected by a first entity, and wherein the account number corresponds to an account related to the first entity;
- funding the account according to the funding source;
- and
- transmitting a verification of completion of the step of funding to a personal communications device of the first entity, wherein the account number directly identifies the personal communications device.
An apparatus including an account server for performing a commercial transaction between a first entity and a second entity, said account server executing a computer program comprising the steps of:
- receiving, from the first entity, an account number and a verification code, wherein the account number and the verification code are selected by the first entity, and wherein the account number relates to a first account maintained by the account server;
- verifying, the account number and the verification code;
- receiving, from the second entity, information regarding a specific transaction;
- and
- adjusting, the first account and a second account according to, the specific transaction, wherein the second account is related to the second entity.
A system for performing a commercial transaction between a first entity and a second entity, comprising:
- an account server;
- and
- an input device, coupled to said account server via a network,
- wherein said account server executes a first computer program comprising the steps of:
- receiving, from the input device, an account number and a verification code, wherein the account number and the verification code are selected by the first entity, and wherein the account number relates to a first account maintained by the account server;
- verifying the account number and the verification code;
- receiving information regarding a specific transaction;
- and
- adjusting the first account and a second account according to the specific transaction, wherein the second account is related to the second entity;
- and
- wherein said input device executes a second computer program comprising the steps of:
- receiving, from said first entity, said account number and said verification code;
- and
- transmitting said account number and said verification code to said account server via said network.
Dependencies are inferred from the claim text.