Method, system and device for executing a mobile transaction

Patent metadata

Field	Value
Publication number	US-2016247149-A1
Application number	US-201615066084-A
Country	US
Kind code	A1
Filing date	Mar 10, 2016
Priority date	Apr 1, 2011
Publication date	Aug 25, 2016
Grant date	—

Abstract

A method of and system for a user executing a mobile transaction. A virtual wallet is generated on a mobile device, the mobile wallet including a reward value component. Information about an item desired to be purchased by the user is input to the mobile device. A proposed payment solution is generated from the virtual wallet that is sufficient to pay for the item and then presented to a point of sale terminal. The point of sale terminal then executes instructions from the proposed payment solution sufficient to execute payment for the item.

First claim

1 . A computer-implemented method of a user executing a mobile transaction using a mobile device comprising:
a mobile device communicating with a plurality of reward server computers via a computer network to obtain from each of the reward server computers a reward account balance for each of a plurality of reward accounts; the mobile device generating a virtual wallet from at least the reward account balance information obtained for each of the plurality of reward accounts; the mobile device inputting information about an item desired to be purchased; the mobile device generating a proposed payment solution from the virtual wallet sufficient to pay for the item; the mobile device presenting the proposed payment solution to a point of sale terminal; and the point of sale terminal executing instructions from the proposed payment solution sufficient to execute payment for the item.

2 - 4 . (canceled)

5 . The method of claim 1 further comprising the step of displaying on the mobile device the reward account balance obtained for each of the plurality of reward accounts.

6 - 13 . (canceled)

14 . The method of claim 1 wherein the step of inputting information about an item desired to be purchased comprises scanning a product bar code associated with the product and using the scanned bar code to retrieve a purchase price for the item.

15 . The method of claim 1 wherein the step of inputting information about an item desired to be purchased comprises manually entering a purchase price for the item into an input device on the mobile device.

16 - 17 . (canceled)

18 . The method of claim 1 further comprising the step of displaying the proposed payment solution on the mobile device.

19 . The method of claim 18 further comprising the step of the user entering a modification of the proposed payment solution.

20 . (canceled)

21 . The method of claim 1 wherein the step of presenting the proposed payment solution to a point of sale terminal comprises generating a set of payment instructions, each of said payment instructions for carrying out an associated payment component for payment for the item.

22 . The method of claim 21 further comprising the steps of
encoding the payment instructions into a bar code symbol;
rendering the bar code symbol on the display of the mobile device; and
scanning the bar code symbol at the point of sale terminal.

23 - 27 . (canceled)

28 . The method of claim 1 wherein the step of the point of sale terminal executing instructions from the proposed payment solution sufficient to execute payment for the item comprises an authorization process comprising
the point of sale terminal communicating with an exchange server computer in order to receive authorization for each of the payment instructions;
the exchange server computer receiving, for each of the payment instructions, a request from the point of sale terminal to authorize a portion of the purchase price associated with the payment instruction;
for each of the payment instructions, the exchange server computer communicating with an issuer computer associated with each payment instruction and requesting authorization for the associated payment instruction.

29 . (canceled)

30 . The method of claim 28 wherein the authorization process comprises, for each of the payment instructions, the point of sale terminal communicating with an issuer computer associated with each payment instruction and requesting authorization for the associated payment instruction.

31 . A system for executing a mobile transaction comprising:
a mobile device comprising input means, a display, wireless communications means, and a processor programmed to
communicate with a plurality of reward server computers via a computer network to obtain from each of the reward server computers a reward account balance for each of a plurality of reward accounts;
generate a virtual wallet from at least the reward account balance information obtained for each of the plurality of reward accounts;
input information about an item desired to be purchased;
generate a proposed payment solution from the virtual wallet sufficient to pay for the item; and
present the proposed payment solution to a point of sale terminal; and
a point of sale terminal comprising input means, a display, communications means, and a processor programmed to
execute instructions from the proposed payment solution sufficient to execute payment for the item.

32 - 34 . (canceled)

35 . The system of claim 31 further wherein the mobile device processor is further programmed to display the reward account balance obtained for each of the plurality of reward accounts.

36 - 43 . (canceled)

44 . The system of claim 31 wherein the mobile device further comprises a camera, and wherein mobile device processor is programmed to input information about an item desired to be purchased by scanning with the camera a product bar code associated with the product and using the scanned bar code to retrieve a purchase price for the item.

45 . The system of claim 31 wherein the mobile device processor is further programmed to input information about an item desired to be purchased by enabling manual entry via the input means of the purchase price for the item.

46 - 47 . (canceled)

48 . The system of claim 31 wherein the mobile device processor is programmed to display the proposed payment solution on the mobile device.

49 . The system of claim 48 wherein the mobile device processor is further programmed to enable the user to enter a modification of the proposed payment solution.

50 . (canceled)

51 . The system of claim 31 wherein the mobile device processor is programmed to present the proposed payment solution to a point of sale terminal by generating a set of payment instructions, each of said payment instructions for carrying out an associated payment component for payment for the item.

52 . The system of claim 51 wherein the mobile device processor is further programmed to:
encode the payment instructions into a bar code symbol; and
render the bar code symbol on the display of the mobile device; and wherein the point of sale terminal is further programmed to scan the bar code symbol.

53 - 57 . (canceled)

58 . The system of claim 31 wherein the point of sale terminal is programmed to execute instructions from the proposed payment solution sufficient to execute payment for the item by executing an authorization process by
communicating with the exchange server computer in order to receive authorization for each of the payment instructions;
transmitting, for each of the payment instructions, a request to the exchange server computer to authorize a portion of the purchase price associated with the payment instruction; and wherein

for each of the payment instructions, the exchange server computer is programmed to communicate with an issuer computer associated with each payment instruction and request authorization for the associated payment instruction.

59 . (canceled)

60 . The system of claim 58 wherein the point of sale terminal is programmed to, for each of the payment instructions, communicate with an issuer computer associated with each payment instruction and request authorization for the associated payment instructio

Assignees

• Postrel Richard

Inventors

• Postrel Richard

Classifications

• G06Q30/0222

  During e-commerce, i.e. online transactions · CPC title

• G06Q20/322

  Aspects of commerce using mobile devices [M-devices] · CPC title

• G06Q20/36

  using electronic wallets or electronic money safes · CPC title

• G06Q20/3274

  using a pictured code, e.g. barcode or QR-code, being displayed on the M-device · CPC title

• G06Q20/387 Primary

  Payment using discounts or coupons (relating to marketing G06Q30/02) · CPC title