Electronic commerce network with mobile transactions

Abstract

A commerce network that processes a mobile transaction detects a mobile device of a user entering a store, the user having a corresponding user account that includes one or more tenders. The network creates a payment token corresponding to the detecting and registers it with the store. The network receives a personal identification number (“PIN”) from the user and authenticates the PIN. The network receives a basket of goods of one or more items selected by the user for purchase, the basket of goods including line level data for the items. The network then selects one or more payment tenders from the one or more tenders based at least on the line level data and validates and authorizes the selected payment tenders.

Description

CROSS REFERENCE TO RELATED APPLICATIONS[0001]This application claims priority of Provisional Patent Application Ser. No. 61 / 668,254, filed on Jul. 5, 2012, Provisional Patent Application Ser. No. 61 / 668,255, filed on Jul. 5, 2012, and Provisional Patent Application Ser. No. 61 / 755,135, filed on Jan. 22, 2013, the contents of each of which is hereby incorporated by reference.FIELD[0002]One embodiment is directed generally to a computer system, and in particular to an electronic commerce network and system.BACKGROUND INFORMATION[0003]Electronic commerce, or “e-commerce”, is generally considered the buying and selling of a product or service over electronic systems or a “commerce network” such as the Internet and other computer networks. Electronic commerce can include functionality such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (“EDI”), inventory management systems, and automat...

AI Technical Summary

Benefits of technology

The patent describes a system that allows mobile users to make purchases in stores. The system detects the user's phone and creates a unique code for payment. The user enters a code to authenticate their purchase, and then selects the items they want to buy. The system checks if the user has enough funds to make the purchase and authorizes it. The system is designed to make it easier for users to make purchases on their phones while in a store.

Problems solved by technology

Each of these known models, and other known mobile commerce models, have potential disadvantages, including security concerns, lack of flexibility in that the user may be locked into a specific vendor or financial institution, and being difficult to use, especially when multiple or alternative forms of tender are involved in a transaction.

As a result, no single model predominates the mobile commerce marketplace.

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