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 via one or more of a scan of a visually encoded representation, a near-field communication protocol, a one-time-use code, or an at least partially wireless communication network;
- pre-validate an availability of funds for the transaction based on the exchanged payment information using an electronic interface for a non-card-based payment method for the user at a third-party institution by using the user's previously-stored electronic credentials to electronically access funds information for the user's non-card-based payment method;
- and
- in response to pre-validating the availability of the funds, electronically transfer the funds directly from the non-card-based payment method for the user to an account for the merchant to complete the transaction.
A method, comprising:
- exchanging payment information for a transaction wirelessly between a mobile hardware computing device of a user and a hardware payment terminal for a merchant via one or more of a scan of a visually encoded representation, a near-field communication protocol, a one-time-use code, or an at least partially wireless communication network;
- pre-validating an availability of funds for the transaction based on the exchanged payment information using an electronic interface for a non-card-based payment method for the user at a third-party institution by using the user's previously-stored electronic credentials to electronically access funds information for the user's non-card-based payment method;
- and
- in response to pre-validating the availability of the funds, electronically transferring the funds directly from the non-card-based payment method for the user to an account for the merchant to complete the transaction.
An apparatus, comprising:
- means for exchanging payment information for a transaction wirelessly between a mobile hardware computing device of a user and a hardware payment terminal for a merchant via one or more of a scan of a visually encoded representation, a near-field communication protocol, a one-time-use code, or an at least partially wireless communication network;
- means for pre-validating an availability of funds for the transaction based on the exchanged payment information using an electronic interface for a non-card-based payment method for the user at a third-party institution by using the user's previously-stored electronic credentials to electronically access funds information for the user's non-card-based payment method;
- and
- means for, in response to pre-validating the availability of the funds, electronically transferring the funds directly from the non-card- based payment method for the user to an account for the merchant to complete the transaction.
Dependencies are inferred from the claim text.