Direct settlement of hands-free transactions

Abstract

The invention relates to direct settlement of hands-free transactions. Handless transactions are processed by authorizing transactions with an account management system and providing payment account information to a payment processing system while allowing transaction settlement to occur between the payment processing system and a merchant. After verifying the user's account, the POS device generates a payment authorization request based on user verification and other transaction information. The POS device sends a payment authorization request to the account management system, and the account management system identifies user payment data. The account management system receives authorization from the payment processing system and transmits the payment authorization to the merchant. A merchant salesman completes a transaction with a user by providing a product or service being purchased. The payment processing system and the merchant system then settle the transaction without involving the account management system.

Description

[0001] Division description [0002] This application belongs to the divisional application of Chinese invention patent application 201780011540.1 with an application date of March 1, 2017. technical field [0003] The present disclosure relates to improving user convenience and security by utilizing an account management system to authorize transactions and provide payment account information to a payment processing system while allowing transaction settlement to occur between the payment processing system and the provider computing system, particularly in hands-free User convenience and security in hands-free transactions. Background technique [0004] When a customer conducts a transaction at a merchant location, many methods of conducting the transaction are available. Customers can use many different instruments to conduct transactions, such as gift cards, debit cards, credit cards, stored value cards and other cards or accounts. The user account identifier and other ...

AI Technical Summary

Problems solved by technology

Legacy systems do not allow third-party systems to protect the identity of user accounts from merchant computing systems, employees of merchant systems, or anyone else who may gain access to transaction data

[0006] Legacy systems do not allow payment processing systems to settle transactions with providers without participating in the third-party system's settlement process, which would allow users to utilize third-party systems to maintain closed transaction records

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