Methods and systems for conducting payment transactions
a payment transaction and method technology, applied in the field of methods and systems for conducting payment transactions, can solve the problems of affecting commerce at retail establishments, requiring shoppers to spend an undesirable amount of time, and causing significant costs for retail establishments to purchase, maintain, and operate such terminals
Inactive Publication Date: 2013-11-28
GROAT MICHAEL JOHN +1
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- Abstract
- Description
- Claims
- Application Information
AI Technical Summary
Benefits of technology
Reduces waiting times for shoppers, decreases the number of POS terminals required, and lowers operational costs for retailers while enhancing the security and trust of electronic transactions.
Problems solved by technology
Frequently, shoppers are required to spend an undesirable amount of time waiting in long lines before purchasing goods at a POS terminal.
Thus, long waiting times have been known to negatively affect commerce at retail establishments.
However, because POS terminals are known to include expensive hardware and software, and typically are operated by a sales person, retail establishments have been known to incur substantial costs in buying, maintaining, and operating such POS terminals.
However, such shoppers still must suffer the inconvenience of waiting in line before purchasing the goods in a payment transaction.
Moreover, during periods of heavy shopper traffic, long lines invariably develop at POS terminals that inconvenience shoppers who are required to wait for prolonged periods of time prior to conducting a payment transaction.
Method used
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Examples
Experimental program
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Embodiment Construction
[0014]FIG. 1 is an expanded block diagram of an exemplary embodiment of a system architecture of a Payment Transaction Computer (PTC) System 10 for conducting network-based electronic payment transactions in a retail establishment with a portable communications device. More specifically, the PTC system 10 includes a Merchant Server (MS) System 12, a Service Provider Computer (SPC) System 14, a Biometric Authentication Computer (BAC) System 16 and a portable communications device 18. The MS system 12, the SPC system 14, and the BAC system 16 each include components such as, but not limited to, a web server, a database server, an application server, a directory server and a disk storage unit. The disk storage unit may be used to store any kind of data. The BAC system 16 may also include a database management server and an authentication server. The database management server may be used to facilitate transferring data to and from the disk storage device. The authentication server is c...
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A method of eliminating the need to wait in line to conduct a payment transaction in a retail establishment includes initiating a network-based electronic payment transaction with a communications device in a retail establishment. A shopper initiates the network-based electronic payment transaction. Moreover, the method includes entering a machine readable code from at least one good with the communications device, determining a price of the at least one good and a total payment transaction cost, and displaying the total payment transaction cost on a screen of the communications device. Furthermore, the method includes determining whether to approve payment for the electronic payment transaction, authenticating the shopper, completing the electronic payment transaction in the retail establishment, and transmitting a transaction complete message to the communications device when the shopper is authenticated.
Description
BACKGROUND OF THE INVENTION[0001]This invention relates generally to methods and systems for conducting payment transactions, and more particularly, to methods and systems for conducting network-based electronic payment transactions in a retail establishment upon authentication of a shopper conducting the electronic payment transaction.[0002]Known methods of shopping in retail establishments typically include collecting goods for purchase and conducting a payment transaction at a point-of-sale (POS) terminal to purchase the goods. POS terminals are electronic cash registers used for conducting payment transactions and generating receipts for the transactions. Frequently, shoppers are required to spend an undesirable amount of time waiting in long lines before purchasing goods at a POS terminal. Such long lines have been known to discourage shoppers from repeatedly visiting retail establishments and to discourage new shoppers from visiting retail establishments. Thus, long waiting ti...
Claims
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IPC IPC(8): G06Q20/40
CPCG06Q20/40145G06Q20/20G06Q20/32G06Q20/4016
InventorGROAT, MICHAEL JOHNWHITE, CONOR ROBERT
OwnerGROAT MICHAEL JOHN