Mobile Payment Station System and Method

A payment processing system comprising:

• one or more processors;
• and
• a non-transitory computer readable storage medium coupled with the one or more processors and comprising stored instructions executable by the one or more processors, the instructions when executed cause the system to:
• receive an identifier of the terminal device from the mobile device, the identifier indicating a request to initiate a transaction with the terminal;
• transmit a transaction information request to the terminal when the identifier is received;
• receive from the terminal the transaction information including the transaction amount for the transaction;
• receive from the mobile device a customer phone number associated with the payment transaction;
• identify a service data point associated with the customer phone number;
• request a customer account associated with the customer phone number from the service data point;
• receive the customer account from the service data point;
• identify a terminal account associated with the terminal;
• and
• initiate the transaction between the customer account and the terminal account for the transaction amount received from the terminal.

The non-transitory computer readable storage medium coupled with the one or more processors and comprising stored instructions executable by the one or more processors, the instructions when executed cause the system to:

• receive an identifier of the terminal device from the mobile device, the identifier indicating a request to initiate a transaction with the terminal;
• transmit a transaction information request to the terminal when the identifier is received;
• receive from the terminal the transaction information including the transaction amount for the transaction;
• receive from the mobile device a customer phone number associated with the payment transaction;
• identify a service data point associated with the customer phone number;
• request a customer account associated with the customer phone number from the service data point;
• receive the customer account from the service data point;
• identify a terminal account associated with the terminal;
• and
• initiate the transaction between the customer account and the terminal account for the transaction amount received from the terminal.