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1. (WO2017037278) CONTACTLESS MOBILE PAYMENT SYSTEM

Pub. No.:    WO/2017/037278    International Application No.:    PCT/EP2016/070816
Publication Date: Fri Mar 10 00:59:59 CET 2017 International Filing Date: Tue Sep 06 01:59:59 CEST 2016
IPC: G06Q 20/02
Applicants: MOBILE ELEMENTS CORP
SOFRONAS, Dionisios A.
Inventors: SOFRONAS, Dionisios A.
Title: CONTACTLESS MOBILE PAYMENT SYSTEM
Abstract:
This disclosure relates to methods and systems for mobile payments, where financial transactions can be conducted between customers and merchants via their mobile devices when their mobile devices are brought in close proximity to each other. The customer enters their payment authorization code on their own mobile device, in order to authorize payment transactions. The disclosed system design and functionality allows for intuitive, real time, inexpensive and secure payment and cash-exchange transactions.