Method and system barcode-enabled payments

A technology for data elements and processing servers, applied in payment systems, payment system structures, payment circuits, etc., can solve problems such as lack of relevant entities and merchants, and restrictions on the use of one-time numbers

Pending Publication Date: 2019-07-30
MASTERCARD INT INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

As a result, this limits the consumer's ability to freely choose how to fund that transaction and, in turn, may limit the use of single-use numbers, which may disadvantage related entities as well as merchants that lack the ability to process payment transactions using traditional payment credentials.

Method used

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  • Method and system barcode-enabled payments
  • Method and system barcode-enabled payments
  • Method and system barcode-enabled payments

Examples

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Embodiment Construction

[0017] Glossary of terms

[0018] Payment Network - A system or network used to move money by making thousands, millions, or even billions of transactions over a given period using an alternative to cash. Payment networks may use a variety of different protocols and processes to handle money transfers for various types of transactions. Transactions that may be performed through the payment network may include product or service purchases, credit purchases, debit transactions, funds transfers, account withdrawals, and the like. The payment network may be configured to execute transactions through cash substitutes, which may include payment cards, letters of credit, checks, financial accounts, and the like. Examples of networks or systems configured to perform as payment networks include American operating networks or systems. Use of the term "payment network" herein may refer to the payment network as an entity and to the physical payment network, eg, including the paym...

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PUM

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Abstract

A method for facilitating a transaction with a one-time number includes the steps of: receiving a first transaction request, wherein the first transaction request includes a plurality of data elementsincluding at least a first data element configured to store a zero transaction amount and a second data element configured to store a primary account number; parsing the primary account number storedin the second data element included in the received first transaction request; generating a one-time value, wherein the one-time value includes a predetermined number of digits and a subset of the predetermined number of digits is a reference to the processing server; storing a data entry comprised of at least the parsed primary account number and the generated one-time value; and transmitting the generated one-time value in response to the received first transaction request.

Description

technical field [0001] The present disclosure relates to transactions using a one-time number, and in particular the use of a mapping to enable a one-time number for transactions funded by a transaction account by barcode or other similar means, wherein the transaction account is identified by the mapping. Background technique [0002] As computing devices have grown in popularity, many methods have been developed to enable computing devices to be used to fund electronic payment transactions. Initially, users may manually enter payment details into their computing devices, such as by sending payment details through a web page or other similar application for processing in a payment transaction. As technology became more advanced, e-wallets were developed, which are specialized applications that utilize more secure storage methods to store payment credentials, either over a network (e.g., the Internet) or even directly (e.g., through near-field communication Purchase transac...

Claims

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Application Information

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IPC IPC(8): G06Q20/32G06Q20/06G06Q20/38G06Q20/20
CPCG06Q20/3274G06Q20/065G06Q20/382G06Q20/385G06Q20/20G06Q20/027G06Q20/3672G06Q20/3676G06Q20/367
Inventor H·辛格P·斯梅茨P·W·P·严
Owner MASTERCARD INT INC
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