Payment processing
AssigneeMx Technologies, Inc.
InventorJohn Ryan Caldwell
Life of this patent
Estimating the term…
Abstract
Apparatuses, methods, computer program products, and systems are disclosed for payment processing. An apparatus includes one or more processors and one or more memories that store code executable by the one or more processors to exchange payment information for a transaction wirelessly between a mobile hardware computing device of a user and a hardware payment terminal for a merchant, to validate an availability of funds for the transaction using an electronic interface for an account for the user at a third-party institution, and to electronically transfer the funds directly from the account for the user to an account for the merchant to complete the transaction.
Claims20
An apparatus, comprising:
- one or more processors;
- one or more memories that store code executable by the one or more processors to:
- exchange payment information for a transaction wirelessly between a mobile hardware computing device of a user and a hardware payment terminal for a merchant;
- validate an availability of funds for the transaction using an electronic interface for an account for the user at a third-party institution;
- and
- electronically transfer the funds directly from the account for the user to an account for the merchant to complete the transaction.
A method, comprising:
- exchanging non-card-based payment information for a transaction between a hardware computing device of a user and a hardware payment device for a merchant;
- validating an availability of funds for the transaction using an electronic interface for an account for the user at a third-party institution, the electronic interface comprising one or more of an application programming interface and a hypertext markup language web interface for the third-party institution;
- and
- electronically transferring the funds directly from the account for the user to an account for the merchant to complete the transaction.
An apparatus, comprising:
- means for exchanging payment information for a transaction electronically between a hardware computing device of a user and a hardware payment device for a merchant;
- means for validating an availability of funds for the transaction using an electronic interface for an account for the user at a third-party institution;
- and
- means for electronically transferring the funds directly from the account for the user to an account for the merchant to complete the transaction.
Dependencies are inferred from the claim text.