1539results about "Payment schemes/models" patented technology

A method for providing unequal allocation of rights among agents while operating according to fair principles, comprising assigning a hierarchal rank to each agent; providing a synthetic economic value to a first set of agents at the a high level of the hierarchy; allocating portions of the synthetic economic value by the first set of agents to a second set of agents at respectively different hierarchal rank than the first set of agents; and conducting an auction amongst agents using the synthetic economic value as the currency. A method for allocation among agents, comprising assigning a wealth generation function for generating future wealth to each of a plurality of agents, communicating subjective market information between agents, and transferring wealth generated by the secure wealth generation function between agents in consideration of a market transaction. The method may further comprise the step of transferring at least a portion of the wealth generation function between agents.

A digital downloading jukebox system including a mechanism for delivering custom services to a recognized user, including services for creating playlists, communicating with others, accessing other features, etc. is provided. In some exemplary embodiments, after a user is recognized, the jukebox system allows users to access a special front-end via an Internet-enabled device or on an actual jukebox. Then, the user may, for example, create playlists, share songs with friends, send messages to friends, and access other value-added content. Such a system preferably learns about networks of friends, and enables managers to send similar messages to regular customers and/or others known to the system. In some exemplary embodiments, changes via a first user interface on a first device are reflected on second user interface on other properly-configured devices.

A system and method is provided to accept and settle transaction payments for an unbanked consumer. A consumer initiates a transaction with a merchant, and the merchant may transmit transaction information to a central processing unit using an initiating processing unit. The central processing unit may generate a unique transaction identifier or the merchant may generate the unique transaction identifier which complies with the systems rules and notifies the central processing unit of the transaction information and unique transaction identifier. The system may provide the merchant and consumer the nearest payment processing unit. At the payment processing unit, the consumer presents the unique transaction identifier, which is transmitted to the central processing unit for validation. The consumer may also validate the transaction information. The consumer makes payment at the payment processing unit, and the payment information is transmitted to the central processing unit. The system may generate a confirmation receipt for the consumer, and the central processing unit notifies the merchant of payment by the consumer. The merchant may then fulfill the transaction. The system remits the payment to the merchant.

This disclosure describes systems and methods related to facilitating payments via a peer-to-peer protocol. Tokenized information associated with a payment transaction may be obtained. Establishment of a peer-to-peer communications session with a payment recipient device may be facilitated. The tokenized information to the recipient device via the established peer-to-peer communications session may be communicated in order to facilitate completion of the payment transaction.

A hand-held electronics device for aggregation of and management of personal electronic data useable for identification and, or transacting business includes a digital medium for storing data and software, a card reading/writing interface, a display screen, a biometric scanner, a user interface application stored on and executable from the digital medium and a docking bay for docking a readable and rewriteable internal card blank.

Systems, apparatuses and methods for enabling a group of people to share the cost of an event, such as a meal, the purchase of a gift, or the rental of a car. Embodiments of the invention provide the tools needed to enable a group to participate in a shared event or activity, where one of the participants pays for the event or activity using their payment device and the other members of the group pay their portion of the cost to the participant who made the payment. Embodiments of the invention provide an ecosystem where a person can pay for an event, goods, or services using a single payment device (such as a credit or debit card) and then settle the amounts owed to them by other members of a group using the tools provided by the invention.

Embodiments provide a system operatively connected with a block chain distributed network and for using the block chain distributed network for facilitating a person-to-person (P2P) alias-based payment. Embodiments receive a transaction record associated with a P2P transaction between a payor and a payee, wherein the transaction record comprises an alias associated with the payor and/or the payee; access a distributed ledger, wherein the distributed ledger is updated based on communications from a block chain distributed network; retrieve an alias to entity mapping from the accessed distributed ledger, wherein the alias to entity mapping indicates at least an entity to which the alias is mapped; and based on the mapping, determine that the alias is at least partially valid. In some cases, embodiments determine that the alias corresponds to an account number maintained by the entity in a private ledger; and authorize a transaction associated with the transaction request.

An application on user's mobile device (having a display screen) generates a transaction-specific barcode on the display, where the barcode contains a plurality of funding sources for the transaction and/or merchant loyalty, reward, or membership numbers. The barcode can be scanned to make purchases at a point of sale (POS).

Embodiments of the invention include a platform for using 2D barcodes to establish secure authenticated communication between two computing devices that are in proximity to each other. A two-tier application architecture using a single base app and dynamic add-on applets is used. 2D barcodes can be distinctively visually branded. According to other aspects, the security of mobile payment systems are enhanced by (1) a triangular payment settlement in which the sender and receiver of payment each submit transaction information independently to the same payment server; (2) sensitive information is split into two parts, one of which is stored on a mobile device, and the other of which is stored on a payment server, and the two parts are only combined and exist transiently in the payment server's volatile memory when executing a transaction; and (3) a process to securely update profile pictures associated with payment accounts.

A system for third party bill payment services is provided. CONFORM TO BROAD CLAIM

A method and an apparatus for using a device to determine an item, such as, for example, a card based on an interaction environment, such as, for example, a settlement environment, are provided. The method by which a device determines a card to be used in a settlement includes: acquiring a card use history of a card, which is stored in the device; acquiring information which relates to a settlement environment of the device; determining a card to be used in the settlement, based on the acquired information relating to the settlement environment and the acquired card use history; and providing settlement information which relates to the determined card to a point of sale (POS) terminal.

Embodiments describe a method and a system to link a secondary account to a primary account with an account management module associated with the primary account and to control access to funds in the secondary account with respect to a secondary account holder through the account management module. The secondary account includes a spending account and a savings account.

The present invention provides computer-controlled electric battery charging systems and methods for charging a battery of a roaming electric vehicle, the system comprising an electric vehicle comprising at least one battery, a master charger vehicle comprising a master battery module and a control system in communication with the at least one electric vehicle and the master charger vehicle to enable the master charger vehicles to reach the electric vehicle, wherein the master battery module is adapted to charge the at least one battery.

An electronic device includes one or more processors configured to execute the instructions to: during a first communication session, sending first information regarding a transaction to a user device that is participating in the first transaction, interrupting the first communication session, pausing for a time to allow the user device to process the first information and to generate second information in furtherance of the transaction, establishing a second communication session with the user device, receiving the second information from the user device during the second communication session, and further processing the transaction using the second information.

The invention discloses a joint cloud computing environment value exchange-oriented cross-chain communication method, and aims to ensure the security, reliability and high efficiency of a value exchange process. According to the technical scheme, a cross-chain communication system consisting of a cross-chain communication module, a node management module, a verification module and an accounting module is installed in each user node on each block chain; a midchain is established; a route node is selected from the midchain; value transfer and communication between chains are finished by the route node; the cross-chain communication module of a sender constructs a fund pool for the sender, a receiver and the route node, and performs fund transfer according to a fund transfer scheme; the verification module of the receiver verifies the effectiveness and availability of funds of the sender by adopting a smart contract; the accounting module of the receiver broadcasts a transaction result; and the sender, the receiver and the MidChain generate new blocks for storing transaction data. By adopting the method, the security, reliability and high efficiency of the value exchange process can be ensured; and seamless cross-chain communication between the chains is realized.

System and method that utilizes a participant's points and a single use, virtual credit card account to implement a cash purchase with a cash vendor. The virtual credit card is active for a single purchase only with an available credit equal to the total of the cash purchase price and any fees. The virtual credit card may further be active for a limited period of time.