Patent ID: 11880820
Assignee: MOBILE EQUITY CORP.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 10:
11. A non-transitory computer-readable medium comprising stored instructions for performance by one or more processors of a payment processing server for conducting a transaction between a terminal and a customer, the instructions being executable for:
receiving, at the payment processing server, a terminal identifier from a mobile device operated by the customer, the terminal identifier indicating a request to initiate an electronic transaction with a terminal identified by the terminal identifier, the terminal identifier excluding a transaction amount of the transaction;
transmitting, at the payment processing server, in response to receiving the terminal identifier, a transaction information request to the terminal associated with the terminal identifier;
receiving, at the payment processing server, transaction information from the terminal in response to the transaction information request, the transaction information including a transaction amount for the transaction;
receiving, at the payment processing server from the mobile device, an account phone number associated with the transaction;
identifying, at the payment processing server, a service data point associated with the account phone number;
requesting, by the payment processing server, a customer account associated with the account phone number from the service data point;
receiving, at the payment processing server, the customer account from the service data point;
identifying a terminal account associated with the terminal; and
initiating, at the payment processing server, the transaction between the customer account and the terminal account for the transaction amount received from the terminal.