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1. WO2020198764 - METHOD & SYSTEM FOR TERMINAL CODED MOBILE PAYMENTS

Note: Text based on automatic Optical Character Recognition processes. Please use the PDF version for legal matters

[ EN ]

CLAIMS:

1 . A method for a merchant to accept and process a payment for a transaction from a customer mobile phone, the method comprising:

Allocating a unique mobile phone point of sale (POS) number such as a USSD Code or Missed Call number, to a point of sale (POS) terminal at a merchant location that is displayed, registered and directly associated with the particular point of sale (POS) terminal;

providing a point of sale (POS) terminal at a merchant location having stored and registered the unique mobile point of sale number therein as a terminal identifier unique to the terminal and the merchant;

entering a transaction amount into the POS terminal;

generating and sending the transaction request from the POS terminal to the payment system platform;

generating a USSD pull live session from the payment system platform on the customer mobile phone when the customer dials the point of sale (POS) USSD Code;

selecting a payment provider (financial account) on the customer's mobile phone;

transmitting via the mobile phone the customer mobile phone number, financial account selection, and personal identification number (PIN) to the payment system platform;

transmitting the customer mobile phone number, financial account number, personal identification number (PIN), merchant identification number and transaction amount from the payment system platform to the payment provider to authorize the transaction;

upon verification of account and sufficient account balance, the institution debiting the financial account; and

sending an approval message to the customer's mobile phone and the merchant POS terminal via the payment system platform.

2. The method of processing according to claim 1 wherein the customer dials either a physical point of sale number (offline), or a digital point of sale number (online).

3. The method of processing according to claim 1 wherein the customer scans a QR Code or the like type code, enabling customers with smart devices to automate the dialling process.

4. The method of processing according to claim 1 wherein customer dials a point of sale (POS) Missed Call Number instead of a point of sale (POS) USSD Code.

5. The method of processing according to claim 4 wherein the dialled Missed Call Number triggers an automated Call-back response, providing the customer with the means to enter a personal identification number (PIN) on the mobile phone transmitted through a voice channel.

6. The method of processing according to claim 1 wherein the POS terminal comprises either a traditional cash register, a smart device or a feature phone.

7. The method of processing according to claim 1 wherein the merchant can reverse a payment by entering the amount on the terminal, and having the customer dial the point of sale (POS) number, selecting a payment provider and entering a personal identification number (PIN).

8. The method of processing according to claim 1 wherein the merchant point of sale (POS) can be used as an ATM by entering the amount to deposit or withdraw on the terminal, and having the customer dial the point of sale (POS) number, selecting a payment provider and entering a personal identification number (PIN).

9. A system for processing a payment for a transaction with a merchant by a customer via a customer's mobile phone, the system comprising:

means for providing a point of sale (POS) terminal at a merchant location, displaying and having stored therein an associated USSD Code or Missed Call Number as identifier unique to that terminal;

means for entering a transaction amount into the POS terminal;

means for sending the transaction request to the payment system platform;

means for generating a USSD pull live session from the payment system platform on the customer mobile phone when the customer dials the point of sale (POS) USSD Code;

means for selecting a financial account in the USSD menu on the customer's mobile phone for transmission to the payment system platform;

means for entering a personal identification number (PIN) in a USSD menu on the customer’s mobile phone for transmission to either the payment system platform or directly to the payment provider.

means for entering a personal identification number (PIN) on the customer mobile phone during a Call-back session for transmission to either the payment system platform or directly to the payment provider.

means for transmitting the customer mobile phone number, financial account number, personal identification number (PIN), merchant identification number and transaction amount from the payment system platform to the payment provider to authorize the transaction;

means for debiting the customer financial account upon verification of account balance; means for sending an approval message to the customer's mobile phone and to the merchant via the POS terminal.

10. The system according to claim 9 wherein the customer dials either a physical point of sale number (offline), or a digital point of sale number (online).

1 1. The system according to claim 9 wherein the customer dials a point of sale (POS) Missed Call Number instead of a point of sale (POS) USSD Code.

12. The system according to claim 1 1 wherein the dialled Missed Call Number triggers an automated Call-back response, providing the customer with the means to enter a personal identification number (PIN) on the mobile phone transmitted through a voice channel.

13. The system according to claim 9 wherein the merchant can reverse a payment by entering the amount on the terminal, and having the customer dial the point of sale (POS) number, selecting a payment provider and entering a personal identification number (PIN).

14. The system according to claim 9 wherein the merchant point of sale (POS) can be used as an ATM by entering the amount to deposit or withdraw on the terminal, and having the customer dial the point of sale (POS) number, selecting a payment provider and entering a personal identification number (PIN).

15. A machine-readable tangible medium having stored thereon a set of instructions which when executed perform a method comprising:

providing a point of sale (POS) terminal at a merchant location, displaying and having stored therein an associated USSD Code or Missed Call Number as identifier unique to that terminal;

entering a transaction amount into the POS terminal;

sending the transaction request to the payment system platform;

generating a USSD pull live session from the payment system platform on the customer mobile phone when the customer dials the point of sale (POS) USSD Code;

selecting a financial account in the USSD menu on the customer's mobile phone for transmission to the payment system platform;

entering a personal identification number (PIN) in a USSD menu on the customer’s mobile phone for transmission to either the payment system platform or directly to the payment provider. entering a personal identification number (PIN) on the customer mobile phone during a Call-back session for transmission to either the payment system platform or directly to the payment provider.

transmitting the customer mobile phone number, financial account number, personal identification number (PIN), merchant identification number and transaction amount from the payment system platform to the payment provider to authorize the transaction;

means for debiting the customer financial account upon verification of account balance; means for sending an approval message to the customer's mobile phone and to the merchant via the POS terminal.

16. The machine readable medium according to claim 15 wherein the customer dials either a physical point of sale number (offline), or a digital point of sale number (online).

17. The machine readable medium according to claim 15 wherein the customer dials a point of sale (POS) Missed Call Number instead of a point of sale (POS) USSD Code.

18. The machine readable medium according to claim 17 wherein the dialled Missed Call Number triggers an automated Call-back response, providing the customer with the means to enter a personal identification number (PIN) on the mobile phone transmitted through a voice channel.

19. The machine readable medium according to claim 15 wherein the merchant can reverse a payment by entering the amount on the terminal, and having the customer dial the point of sale (POS) number, selecting a payment provider and entering a personal identification number (PIN).

20. The machine readable medium according to claim 15 wherein the merchant point of sale (POS) can be used as an ATM by entering the amount to deposit or withdraw on the terminal, and having the customer dial the point of sale (POS) number, selecting a payment provider and entering a personal identification number (PIN).