Mohammad Afzal

US Patent:

20230052901, Feb 16, 2023

Filed:

Aug 12, 2021

Appl. No.:

17/400532

Inventors:

- New York NY, US
Nabeel Alamgir - New York NY, US
Randall Griffith Huynh - New York NY, US
Mohammad Shahid Afzal - New York NY, US
Mikhail Foenko - New York NY, US
Yvan Venturina Pangilinan - Edgewater NJ, US

International Classification:

G06Q 20/20
G06Q 20/32
G06Q 20/38
G06Q 20/02
G06Q 20/40
G06Q 40/02
H04L 9/32

Abstract:

To conduct a payment transaction at a merchant's point of sale using a mobile device, the mobile device initiates an authenticated communication session with a payment agent. The payment agent is an entity responsible for facilitating a payment transaction between the merchant and purchaser via their respective financial institutions. During the authenticated communication session, response to an input indicating the user of the mobile device wishes to make a payment, the mobile device generates a unique payment key that is based on at least one unique data of the mobile device. The mobile device transmits the payment key to the payment agent, and then transfers a copy of the payment key to the point of sale system. The merchant's payment system that transmits the payment key to the payment agent in a transaction request. The payment agent then verifies that the received payment key is the same as they received from the mobile device, and that the authenticated communication session is still valid, and then approves the transaction.