Secure payments with global mobile virtual wallet

A payment system comprising:

• a payor electronic computing device comprising:
• a microprocessor for executing instructions;
• a memory operably connected to the microprocessor;
• and
• instructions stored in the memory and executable by the microprocessor to:
• receive a code uniquely associated with a particular payee;
• gather payment information from a payor via the payor electronic computing device;
• and
• initiate a payment transaction for transferring funds from a funding source associated with the payor to the particular payee identified by the code.

A payment system comprising:

• a payor electronic computing device comprising:
• a microprocessor for executing instructions;
• a display operably connected to the microprocessor;
• a memory operably connected to the microprocessor;
• and
• instructions stored in the memory and executable by the microprocessor to:
• receive a code uniquely associated with a particular payee;
• gather payment source information from a payor via a user interface window displayed via the display of the payor electronic computing device;
• and
• communicate payment instructions to a payment processing system, the payment instructions identifying at least the particular payee identified by the code;
• and
• the payment processing system comprising:
• a microprocessor for executing instructions;
• a memory operably connected to the microprocessor and storing payee information in association with a payee identification code, and payor funding source information in association with a payor;
• and
• instructions stored in the memory and executable by the microprocessor to:
• initiate the payment transaction for transferring funds from a funding source associated with the payor to the particular payee identified by the code.

A payment system comprising:

• a payor electronic computing device comprising:
• a microprocessor for executing instructions;
• a display operably connected to the microprocessor;
• a memory operably connected to the microprocessor;
• and
• instructions stored in the memory and executable by the microprocessor to:
• receive a code uniquely identifying a particular payee;
• gather payment amount information from a payor via a user interface window displayed via the display of the payor electronic computing device;
• and
• communicate payment instructions to a payment processing system, the payment instructions identifying at least the payment amount and the particular payee identified by the code;
• and
• the payment processing system comprising:
• a microprocessor for executing instructions;
• a memory operably connected to the microprocessor and storing payee financial information in association with a payee identification code, and payor funding source information in association with a payor;
• and
• instructions stored in the memory and executable by the microprocessor to:
• upon receipt of payment instructions from a payor, to initiate the payment transaction for transferring funds from a funding source associated with the payor to the particular payee identified by the code in the amount identified by the received payment instructions.