Inventors:
Rex Carlton Wilkinson - Columbus GA, US
Franklin Scot Yarbrough - Columbus GA, US
Jimmy McCoy - Columbus GA, US
Assignee:
Total System Services, Inc. - Columbus GA
International Classification:
G06Q 20/00
G06Q 30/00
G06Q 40/00
H04B 7/00
G06F 15/16
US Classification:
455 411, 705 44, 705 17, 709204, 455 412, 705 1453
Abstract:
Processing financial transactions. without providing information associated with a financial account of a purchaser to the payee of the transaction. A financial institution (card issuer) holding the account can provide a financial account, such as a credit or debit card account to the purchaser (card holder). The card holder can set up a payment option corresponding to this account at a mobile gateway computing system. Instead of presenting the card to a merchant, the card holder can access a payment application executing on a mobile device to select the payment option and extract transaction information from a merchant point of sale. This transaction information can be transmitted to the mobile gateway computing system along with payment option information. The mobile gateway computing system can add account information for the payment option and send the information to the card issuer for approval.