Systems and methods for payment at a point of sale using a virtual check

A non-transitory computer readable medium comprising computer-readable instructions for transferring funds from a customer to a merchant as payment for a transaction, the instructions comprising instructions for:

• receiving a transaction identification from a point of sale device associated with the merchant, wherein the point of sale device is configured for communication with a mobile device associated with the customer through a first communication path using one of near field communication or BLUETOOTH connectivity to thereby communicate a transaction identification from the point of sale device to the mobile device in the course of performing the transaction;
• receiving an identification of a mobile computing device associated with the customer from the mobile computing device, wherein the mobile computing device includes an application running on the mobile device that is configured to receive and communicate a user input authorizing the transaction, wherein the authorization comprises the identification of the mobile computing device to thereby facilitate receipt of an electronic message at the mobile computing device;
• communicating a confirmation request to the mobile computing device associated with the transaction from a financial institution of the customer through a second communication path, where the merchant and the point of sale device are not in the second communication path;
• receiving a confirmation from the mobile computing device in response to the confirmation request;
• and
• authorizing the transferring of funds from the financial institution to the merchant in response to receiving the confirmation.

A non-transitory computer readable medium comprising computer-readable instructions for electronically transferring funds to a merchant to satisfy a transaction amount using a mobile device, comprising:

• receiving a transaction identifier from a merchant point of sale device, wherein the point of sale device is configured for communication with the mobile device through a first communication path using one of near field communication or BLUETOOTH connectivity to thereby communicate a transaction identification from the point of sale device to the mobile device in the course of performing the transaction;
• authorizing the transaction to the merchant point of sale device;
• receiving a confirmation request from a payor financial institution through a second communication path which does not include the merchant or the merchant point of sale device;
• sending a confirmation to the payor financial institution to confirm the transaction through the second communication path;
• and
• confirming completion of the transaction to the payor financial institution.

A non-transitory computer readable medium comprising computer-readable instructions for transferring funds from a customer account to a merchant account of a merchant to complete a transaction between a customer and the merchant, comprising:

• communicating a unique transaction ID from a merchant point of sale device to a mobile computing device associated with the customer through a first communication path;
• receiving an authorization from the mobile computing device at the point of sale device to begin the transaction;
• communicating transaction information to a first financial institution holding the customer account;
• receiving a confirmation request at the mobile computing device from the first financial institution through a second communication path which does not include the merchant or the merchant point of sale device;
• transferring funds from the customer account to the merchant account in response to a confirmation received from the mobile computing device through the second communication path in response to the confirmation request;
• and
• completing the transaction at the point of sale device.