Patent ID: 9547861
Date: 2017-01-17
CPC Classifications: G06Q

Claim:
1. A wireless enabled mobile telephone with an executable payment application stored thereon, the payment application configured for coordinating processing of a cardholder present transaction between a cardholder and a merchant system involving an electronic merchant transaction request from the merchant system separate from an electronic cardholder transaction request using the mobile telephone of the cardholder, the merchant system under operational control by the merchant and including an order and account processing system for managing a record of the cardholder present transaction, the mobile telephone comprising: a memory for storing the payment application, the payment application including a card reader module; a display of a user interface for displaying information of the cardholder present transaction to the cardholder, the user interface of the mobile telephone under operational control by the cardholder; a network interface for communicating with a payment processing system over a communications network using a network communication protocol and for communicating with a wireless communication enabled integrated circuit (IC) chip of a payment card of the cardholder using a wireless communication protocol; wherein the payment application instructs a computer processor of the mobile telephone to perform the following steps of: