US 2017/0364898 A1Published application

Mobile payment system and method

AssigneeSocialPay LLC

InventorsRoger Ach, II, Daniel Cox, Chris Burnett

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Abstract

A mobile payment system (MPS) is disclosed that enables transactions for MPS users using user devices, and interfaces with third party payment systems with third party user accounts. The MPS includes MPS frontends, third party MPS accounts, and a MPS backend including a MPS backend account, a MPS database and MPS user accounts. Each MPS frontend is located on one user device and is associated with one MPS user. At least one of the third party MPS accounts is on each third party payment system. Each MPS user account is associated with at least one MPS user. A particular MPS frontend performs local processing of MPS functions on its user device and communicates over networks with the MPS backend and with other MPS frontends on other user devices. The MPS backend administers funds in the MPS backend account, the MPS user accounts, and the third party MPS accounts.

Claims20

Dependent claims

A mobile payment system (MPS) method that enables transactions for a plurality of MPS users using a plurality of user electronic devices, the mobile payment system method comprising:

installing a MPS frontend on each of the plurality of user electronic devices, each MPS frontend performing local processing of MPS functions on the user electronic device on which that MPS frontend is installed;
associating each of the MPS frontends with one of the MPS users and with one of the plurality of user electronic devices;
interfacing with a plurality of third party payment systems that each have a plurality of third party user accounts;
establishing a third party MPS account on each of the third party payment systems;
creating a MPS backend comprising a MPS backend account, a MPS database and a plurality of MPS user accounts, each of the plurality of MPS user accounts being associated with at least one of the MPS users;
communicating over networks between the MPS backend and each of the MPS frontends and each of the third party payment systems, and communicating over the networks between each of the MPS frontends;
transferring funds between the MPS user accounts and third party user accounts as directed by the plurality of MPS users;
and
controlling the transfer of funds between the MPS backend account, the plurality of third party MPS accounts, the MPS user accounts and third party user accounts.

6 more elements

A mobile payment system (MPS) that enables transactions for a plurality of MPS users using a plurality of user electronic devices, where the mobile payment system interfaces with a plurality of third party payment systems that have a plurality of third party user accounts;

the mobile payment system comprising:
a plurality of MPS frontends, each of the MPS frontends being located on one of the plurality of user electronic devices, and each of the MPS frontends being associated with one of the MPS users;
a plurality of third party MPS accounts, at least one of the third party MPS accounts being on each of the third party payment systems;
a MPS backend comprising a MPS backend account, a MPS database and a plurality of MPS user accounts, each of the MPS user accounts being associated with at least one of the MPS users;
wherein any particular MPS frontend of the plurality of MPS frontends is located on a particular user electronic device of the plurality of user electronic devices, the particular MPS frontend performs local processing of MPS functions on the particular user electronic device and communicates over a network with the mobile payment system backend and with other MPS frontends of the plurality of MPS frontends on other user electronic devices of the plurality of user electronic devices;
and
wherein the MPS backend administers funds in the MPS backend account, the plurality of MPS user accounts, and the plurality of third party MPS accounts.

4 more elements

Dependencies are inferred from the claim text.

Facts

Application: 15/622,259Filed 14 Jun 2017
Priority: 15 Jun 2016
Published: 21 Dec 2017
Term ends: Not estimatedThe source records don’t support an estimate.

Classification7 codes

G06Q 20/3223
Aspects of commerce using mobile devices [M-devices]: realising banking transactions through M-devices
G06Q 10/40
Administration; Management: business processes related to social networking or social networking services
G06Q 20/10
Payment architectures: specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
G06Q 20/3265
Payment applications installed on the mobile devices: characterised by personalisation for use