Method for electronic payment

This invention describes a payment system where a customer tells a merchant their order details. The merchant then sends some of this information to a central system. This central system contacts the customer's phone, which then securely sends payment details back to the central system. Finally, the central system forwards these payment details to a bank's processor for approval, either directly or through the merchant's processor.

Why it matters: Filed before widespread smartphone adoption and mature mobile payment ecosystems. Today, secure mobile app development and robust financial APIs make the direct, secure interaction between a customer's phone and a payment system much more feasible, potentially reducing merchant data handling.

Status: Not in forceListed as no longer active. The specific reason is not in the record we hold.
How hard to build: SpecializedDistributed software, secure financial APIs, mobile app

3 AI reinvention directions for this patent

See all three

AI gives you a few directions you could take this. Pick one, and we check whether your version is different enough to patent, then write the filing.

Reinvent this with AI

Where this one came from

Every morning we go through millions of abandoned patents and pick out 15 worth your time. This was one of today’s.

This one

+10