US 8,527,360 B2 · Methods and systems for conducting payment transactions

Abstract

A method of eliminating the need to wait in line to conduct a payment transaction in a retail establishment includes initiating a network-based electronic payment transaction with a communications device in a retail establishment. A shopper initiates the network-based electronic payment transaction. Moreover, the method includes entering a machine readable code from at least one good with the communications device, determining a price of the at least one good and a total payment transaction cost, and displaying the total payment transaction cost on a screen of the communications device. Furthermore, the method includes determining whether to approve payment for the electronic payment transaction, authenticating the shopper, completing the electronic payment transaction in the retail establishment, and transmitting a transaction complete message to the communications device when the shopper is authenticated.

Claims15

Dependent claims

A method of eliminating the need to wait in line to conduct a payment transaction in a retail establishment, said method comprising:

invoking, by a shopper, an application in a communications device that causes the device to display a list of different retail establishments, the
device being operated by, and designated by, the shopper for conducting payment transactions;
identifying a merchant system to be used for conducting the payment transaction by selecting, by the shopper, a retail establishment from the list;
selecting, by the device, a service provider user identifier associated with the selected retail establishment for conducting the transaction;
initiating the payment transaction with the device;
entering a machine readable code from at least one good with the device;
determining a price of the at least one good and a total payment transaction cost;
displaying the total payment transaction cost on the device;
determining whether to approve payment for the electronic payment transaction;
authenticating the shopper;
and
completing the electronic payment transaction in the retail establishment and transmitting a transaction complete message to the device after successfully authenticating the shopper.

9 more elements

A system for eliminating the need to wait in line to conduct a payment transaction in a retail establishment, said system comprising:

a computer configured as a server, said server including at least a database, said server being configured to at least store within said database a first configurable policy and determine a resultant risk level associated with a payment transaction;
a communications device designated by a shopper for conducting payment transactions, said communications device being configured to display a retail establishment list in response to user invocation of an application stored therein, the application configured to cause said communications device to display the list, said communications device being further configured to initiate the payment transaction in a retail establishment selected by the shopper from the list, to select a service provider user identifier associated with the retail establishment for conducting the payment transaction, to capture authentication data from the shopper in the selected retail establishment, and to generate a receipt for each payment transaction;
an authentication system including an authentication system database, said authentication system being configured to store within said authentication system database authentication data for each of a plurality of authorized shoppers, and to conduct an authentication process while the shopper is in the selected retail establishment;
and
a merchant system configured to generate and transmit messages and to complete payment transactions, wherein said server, said communications device, said authentication system and said merchant system communicate with each other over a network, and wherein after said communications device generates a receipt for the payment transaction an employee of the selected retail establishment scans the receipt as the shopper leaves the selected retail establishment and permits the shopper to leave the selected retail establishment.

2 more elements

Dependencies are inferred from the claim text.

Methods and systems for conducting payment transactions

Life of this patent

Methods and systems for conducting payment transactions

Life of this patent

Abstract

Claims15