QR code-enabled P2P payment systems and methods
AssigneemFoundry, Inc.
InventorsDon W. Tyler, Jeff Isenhart, Anne Mueller, Christoph Sadil
Life of this patent
Estimating the term…
Abstract
Systems and methods are provided for facilitating peer-to-peer payment transactions using mobile devices. According to certain embodiments, a financial account for providing funds for a payment transaction is determined. User input including a payment amount for the payment transaction is received and a QR code that represents the payment amount is generated. The QR code is displayed on the display of a mobile device for purposes of scanning and processing by a second mobile device.
Claims10
A method for completing a peer-to-peer electronic payment transaction using a mobile device, the method comprising:
- determining, by a processor of the mobile device, a financial account for providing funds for the payment transaction;
- receiving, by the processor, a user input comprising a payment amount for the payment transaction;
- determining, by the processor, that additional security for the transaction is required;
- generating, by the processor based on the determination that additional security for the transaction is required, a Secure Sockets Layer (SSL) certificate that includes identification information associated with a user associated with the financial account;
- generating, by the processor, a QR code comprising a representation of the generated SSL certificate, the payment amount, and an application identifier associated with a payment application of the mobile device used to generate or display the QR code;
- displaying, by the processor, the QR code on a display of the mobile device;
- and
- transmitting, by the processor, a notification indicating the generation of the QR code to a server, the notification including an image of the QR code displayed on the display of the mobile device.
A mobile device, comprising:
- a display;
- a memory storing instructions;
- and
- a processor configured to execute the instructions to:
- determine a financial account for providing funds for a payment transaction;
- receive a user input comprising a payment amount for the payment transaction;
- determine that additional security for the transaction is required;
- generate, based on the determination that additional security for the transaction is required, a Secure Sockets Layer (SSL) certificate that includes identification information associated with a user associated with the financial account;
- generate a QR code comprising a representation of the generated SSL certificate, the payment amount, and an application identifier associated with a payment application of the mobile device used to generate or display the QR code;
- display the QR code on the display;
- and
- transmit a notification indicating the generation of the QR code to a server, the notification including an image of the QR code displayed on the display of the mobile device.
Dependencies are inferred from the claim text.