Patent ID: 8788421
Filing Date: 2014-07-22
Classification: G06Q

Abstract:
1. A computer-implemented method for facilitating an electronic payment to a payee from at least one account associated with a payor, the method implemented using a computer device coupled to a memory device, the method comprising: receiving, by the computer device, payor profile information from a payee, the payor profile information identifying a unique account associated with the payor, and wherein the payor profile information is associated with a consumer account identifier stored by the payee, wherein the computer device is associated with an interchange network; storing, by the computer device, the payor profile information in the memory device; generating a first token identifier by the computer device, the first token identifier associated with the payor profile information stored in the memory device; transmitting the first token identifier to the payee, for storage by the payee and association with the consumer account identifier; receiving, by the computer device, the first token identifier from the payee, the first token identifier accompanied by transaction information associated with a transaction between the payor and the payee; in response to receiving, by the computer device, the first token identifier from the payee, retrieving, by the computer device, the payor profile information associated with the first token identifier; and transmitting, by the computer device, an authorization request directly to an issuer for authorization of the transaction, wherein the authorization request is based at least in part on the retrieved payor profile information.