Electronic payment transactions without POS terminals
AssigneeRFCyber Corp.
InventorsXiangzhen Xie, Hsin Pan
Life of this patent
Estimating the term…
Abstract
Techniques for completing a financial transaction without deploying merchant POS are described. According to one aspect of the present invention, a user or buyer uses his/her smartphone to complete a monetary transaction with a seller, where the seller does not have a POS device instead receives a conformation from a designated party that a payment from the buyer has been received. A platform is described to support such transactions.
Claims20
A method for facilitating a payment transaction without point-of-sale (POS) terminals, the method comprising:
- issuing a merchant an identifying pack, the identifying pack including at least an identifier of the merchant;
- receiving in a server the identifying pack from a computing device associated with a user desired to make a payment to the merchant, wherein the identifying pack is obtained by the user using the computing device to obtain the identifying pack from a medium;
- and
- sending from the server a confirmation message to a device associated with the merchant to indicate that the payment to the merchant is successfully performed.
A mobile device for facilitating a payment transaction without point-of-sale (POS) terminals, the module device comprising:
- a memory space for storing a module;
- a processor, coupled to the memory space to execute the module to cause the mobile device to perform operations of:
- obtaining an identifying pack of a merchant when a user is ready to make a payment to the merchant;
- establishing a secure link with a server to send in the identifying pack, wherein the server is configured to confirm that the identifying pack is authenticated;
- determining how to make the payment in accordance with a display on the mobile device;
- receiving a confirmation that the payment goes through after the server performs the payment to the merchant, wherein the merchant is not required to have one of the POS terminals and receives only a conformation message from the server that the payment has been received.
Dependencies are inferred from the claim text.