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Pairing electronic wallet with specified merchants

a technology of electronic wallets and merchants, applied in the field of cashless transactions, to achieve the effect of improving the shopping experien

Inactive Publication Date: 2016-03-17
MASTERCARD INT INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

Enhances the user shopping experience by enabling secure, efficient, and consistent cashless transactions across various platforms, reducing the complexity of payment processing and improving the checkout experience by allowing merchants to access necessary information earlier in the transaction process.

Problems solved by technology

A problem is presented to present the purchaser with a consistent and desirable or pleasing checkout experience using their chosen electronic wallet across multiple vendor websites, and multiple platforms (e.g., web, mobile, tablet, etc.).

Method used

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  • Pairing electronic wallet with specified merchants
  • Pairing electronic wallet with specified merchants
  • Pairing electronic wallet with specified merchants

Examples

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Embodiment Construction

[0024]The following sections describe particular embodiments. It should be apparent to those skilled in the art that the described embodiments provided herein are illustrative only and not limiting, having been presented by way of example only. All features disclosed in this description may be replaced by alternative features serving the same or similar purpose, unless expressly stated otherwise. Therefore, numerous other embodiments of the modifications thereof are contemplated as falling within the scope of the present method and system as defined herein and equivalents thereto.

[0025]Throughout the description, where items are described as having, including, or comprising one or more specific components, or where methods are described as having, including, or comprising one or more specific steps, it is contemplated that, additionally, there are items of the present disclosure that consist essentially of, or consist of, the one or more recited components, and that there are method...

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Abstract

A system and method for facilitating use of a digital electronic wallet by a cardholder for cashless transactions. The method comprises receiving a selection by a first cardholder to pair a first digital wallet held by a first wallet holder with a first merchant, the first digital wallet having therein an electronic representation of at least one payment device usable to fund a cashless transaction, and verifying the cardholder's identity. Thereafter, facilitating a communication between the first cardholder and the first wallet holder to record consent by the first cardholder to share wallet information with the first merchant. The present disclosure further comprises receiving from the first wallet holder authorization to generate a wallet token usable for acquiring wallet information on behalf of the first merchant, using the first digital wallet as selected by the first cardholder, and preparing a merchant token corresponding to the wallet token. The merchant token is provided to the first merchant, for presentation to access wallet information, including payment card information on a cashless transaction.

Description

CROSS-REFERENCE TO RELATED APPLICATIONS[0001]This application is related to non-provisional U.S. Utility patent application Ser. No. 13 / 209,312 entitled “MULTI-COMMERCE CHANNEL WALLETS FOR AUTHENTICATED TRANSACTIONS”, and also International PCT Application Serial No. PCT / US2011 / 047678 having the same title, both filed 12 Aug. 2011, both of which in turn claim the priority benefit of U.S. Provisional Application Ser. No. 61 / 372,955 filed 12 Aug. 2010 and also of U.S. Provisional Application Ser. No. 61 / 468,847 filed 29 Mar. 2011.[0002]This application is further related to U.S. Provisional Application Ser. No. 61 / 588,505 (Attorney Docket No. 1788-82P) entitled “SYSTEM TO ENABLE A NETWORK OF WALLETS”, filed 19 Jan. 2012.[0003]This application is further related to U.S. Provisional Application Ser. No. 61 / 642,729 (Attorney Docket No. 1788-82P2), entitled “SYSTEM AND METHOD TO ENABLE A NETWORK OF DIGITAL WALLETS”, and filed on even date herewith.[0004]The complete disclosures of all rel...

Claims

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Application Information

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Patent Type & Authority Applications(United States)
IPC IPC(8): G06Q20/36
CPCG06Q20/367G06Q20/105G06Q20/227G06Q20/363G06Q20/40G06Q20/3674G06Q20/3223G06Q20/351G06Q20/36G06Q20/4012G06Q20/4014H04L63/10
Inventor MOSER, SCOTTDHALA, AMYN MOHAMEDLIM, DAVID JAMESCROWE, RYAN BARTHOLOMEW JOSEPHBYRD, NATHANIEL DAVIDKITCHEN, ERIC RAYGLUCK, ADAM DAVIDSHARMA, PRASHANT
Owner MASTERCARD INT INC
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