System and method for transaction payments using a mobile device

Patent metadata

Field	Value
Publication number	US-10269003-B2
Application number	US-201715656921-A
Country	US
Kind code	B2
Filing date	Jul 21, 2017
Priority date	Mar 11, 2010
Publication date	Apr 23, 2019
Grant date	Apr 23, 2019

Abstract

A system and method for performing a financial transaction may include processing a purchase transaction for products for purchase by a customer to determine a transaction amount. A communication with a mobile device of the customer may include communicating a store identifier, POS identifier, and the transaction amount. In response to receiving an approval number for the purchase transaction from a financial institution of the customer, completing the purchase transaction for the purchase of the products by the customer.

First claim

What is claimed:

1. A method for performing a financial transaction, said method comprising:
processing a purchase transaction for products for purchase by a customer to determine a transaction amount;
requesting permission to communicate with a mobile device of the customer;
in response to receiving acceptance to the permission, communicating with the mobile device of the customer to communicate a store identifier, a mobile identifier, POS identifier, and the transaction amount to the mobile device;
determining a customer id associated with a financial institution, based on the mobile identifier;
preventing the mobile device from communicating information other than the acceptance to the permission, to allow for communicating to the mobile device to route the store identifier, POS identifier, and transaction amount to a financial institution of the customer for approval of the transaction amount for the customer; and
in response to receiving an approval number for the purchase transaction from a financial institution of the customer based on the transaction amount and the customer id, completing the purchase transaction for the purchase of the products by the customer.

2. The method according to claim 1 , wherein receiving the approval number is via a different communications path from the communications path with the mobile device.

3. The method according to claim 1 , further comprising communicating a request to the mobile telephone to enable the customer to accept communications.

4. The method according to claim 3 , further comprising, in response to receiving an acceptance to the request from the mobile device, communicating the store identifier, POS identifier, and transaction amount to the mobile device.

Assignees

• Wal Mart Stores Inc
• Walmart Apollo Llc

Inventors

• Webb Tim
• Todd Jason

Classifications

• G06Q40/02

  Banking, e.g. interest calculation or account maintenance (credit or loans G06Q40/03) · CPC title

• G06Q20/40

  Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists · CPC title

• G06Q30/06

  Buying, selling or leasing transactions · CPC title

• G06Q20/32 Primary

  using wireless devices · CPC title

• G06Q20/327

  Short range or proximity payments by means of M-devices · CPC title