Cloud enabled payment processing system and method

A payment processing cloud comprising:

• a network interface communicating with a memory;
• the memory communicating with a processor for processing financial transactions;
• and
• the processor, when executing a computer program, performs operations comprising:
• receiving, by the processor and from a payer device, a payer request, wherein the payer request comprises a payer account identifier associated with a first payer, and wherein the processor is part of an Internet accessible payment processing cloud;
• saving, by the processor and to a memory associated with the payment processing cloud, a first cloud transaction comprising a cloud transaction identifier based upon the payee payment request;
• identifying, by the processor and based upon a payer profile associated with the cloud, an alternate payer device,
• sending, by the processor, the cloud transaction identifier to the alternate payer device;
• receiving, by the processor and from a payee device, a payee payment request comprising the cloud transaction identifier, wherein the payee payment request comprises a payee account identifier associated with a first payee;
• identifying, by the processor and based upon the cloud transaction identifier, first cloud transaction;
• submitting, by the processor, a transaction authorization request to a payment network;
• receiving, by the processor and based upon the transaction authorization request, a transaction authorization from the payment network;
• and
• sending, by the processor and based upon the transaction authorization, a first notification message to the payee.

A non-transitory computer-readable storage medium having computer-executable instructions stored thereon that, if executed by cloud-based payment processing computer, causes the computer to perform operations, comprising:

• receiving, by the computer and from a payer device, a payer request, wherein the payer request comprises a payer account identifier associated with a first payer, and wherein the computer is part of an Internet accessible payment processing cloud;
• saving, by the computer and to a memory associated with the payment processing cloud, a first cloud transaction comprising a cloud transaction identifier based upon the payee payment request;
• identifying, by the computer and based upon a payer profile associated with the cloud, an alternate payer device,
• sending, by the computer, the cloud transaction identifier to the alternate payer device;
• receiving, by the computer and from a payee device, a payee payment request comprising the cloud transaction identifier, wherein the payee payment request comprises a payee account identifier associated with a first payee;
• identifying, by the computer and based upon the cloud transaction identifier, first cloud transaction;
• submitting, by the computer, a transaction authorization request to a payment network;
• receiving, by the computer and based upon the transaction authorization request, a transaction authorization from the payment network;
• and
• sending, by the computer and based upon the transaction authorization, a first notification message to the payee.