US 2025/0029090 A1Published application

System, Method, and Computer Program Product for Real-Time Transactions

AssigneeVisa International Service Association

InventorsPragathi M S, Amit Kumar Mishra

Life of this patent

Estimating the term…

Loading patent…

Abstract

Described are a system, method, and computer program product for real-time transactions. The method includes receiving a real-time payment identifier request, the real-time payment identifier request including at least one of a phone number associated with the user device and an account identifier. The real-time payment identifier request may be communicated to a real-time payment platform located remotely from the user device. A real-time payment identifier may be received and stored in a real-time payment identifier database stored on the user device. A first transaction identifier request may be received from a first merchant system. The real-time payment identifier may be communicated to the first merchant system. A second transaction identifier request may be received from a second merchant system and the real-time payment identifier may be communicated to the second merchant system.

Claims21

Dependent claims

A method comprising:

receiving, by a real-time payment application stored on a user device, a real-time payment identifier request, the real-time payment identifier request comprising at least one of a phone number associated with the user device and an account identifier;
communicating, by the real-time payment application, the real-time payment identifier request to a real-time payment platform located remotely from the user device;
receiving, by the real-time payment application, a real-time payment identifier generated by the real-time payment platform based on the real-time payment identifier request;
storing, by the real-time payment application, the real-time payment identifier in a real-time payment identifier database, wherein the a real-time payment identifier database is stored on the user device;
receiving, by the real-time payment application, a first transaction identifier request associated with at least one of the phone number and a user account identifier from a first merchant system;
communicating, by the real-time payment application, the real-time payment identifier to the first merchant system in response to receiving the first transaction identifier request;
receiving, by the real-time payment application, a second transaction identifier request associated with at least one of the phone number and the account identifier from a second merchant system;
and
communicating, by the real-time payment application, the real-time payment identifier to the second merchant system in response to receiving the second transaction identifier request.

6 more elements

A computer program product for real-time transactions, comprising at least one non-transitory computer readable medium including program instructions that, when executed by at least one processor, cause the at least one processor to:

receive a real-time payment identifier request, the real-time payment identifier request comprising at least one of a phone number associated with a user device and an account identifier;
communicate the real-time payment identifier request to a real-time payment platform located remotely from the user device;
receive a real-time payment identifier generated by the real-time payment platform based on the real-time payment identifier request;
store the real-time payment identifier in a real-time payment identifier database, wherein the a real-time payment identifier database is stored on the user device;
receive a first transaction identifier request associated with at least one of the phone number and a user account identifier from a first merchant system;
communicate the real-time payment identifier to the first merchant system in response to receiving the first transaction identifier request;
receive a second transaction identifier request associated with at least one of the phone number and the account identifier from a second merchant system;
and
communicate the real-time payment identifier to the second merchant system in response to receiving the second transaction identifier request.

6 more elements

A system for real-time transactions, comprising at least one real-time payment application including at least one processor programmed or configured to:

receive a real-time payment identifier request, the real-time payment identifier request comprising at least one of a phone number associated with a user device and an account identifier;
communicate the real-time payment identifier request to a real-time payment platform located remotely from the user device;
receive a real-time payment identifier generated by the real-time payment platform based on the real-time payment identifier request;
store the real-time payment identifier in a real-time payment identifier database, wherein the a real-time payment identifier database is stored on the user device;
receive a first transaction identifier request associated with at least one of the phone number and a user account identifier from a first merchant system;
communicate the real-time payment identifier to the first merchant system in response to receiving the first transaction identifier request;
receive a second transaction identifier request associated with at least one of the phone number and the account identifier from a second merchant system;
and
communicate the real-time payment identifier to the second merchant system in response to receiving the second transaction identifier request.

6 more elements

Dependencies are inferred from the claim text.