Patent ID: 9092776
Filing Date: 2015-07-28
Classification: G06Q

Abstract:
1. A method for managing payment of a purchase transaction with a portable computing device, comprising: receiving by a portable computing device payment platform a mobile wallet token from an account issuing entity; storing by the portable computing device payment platform the mobile wallet token in memory within the portable computing device payment platform; generating by the portable computing device payment platform a portable computing device token that corresponds to the mobile wallet token; transmitting by the portable computing device payment platform the portable computing device token over a communications network to the portable computing device; receiving by the portable computing device payment platform the portable computing device token from the portable computing device, wherein the portable computing device token is associated with a purchase transaction; matching by the portable computing device payment platform the portable computing device token received from the portable computing device with its corresponding mobile wallet token received from the account issuing entity; and transmitting by the portable computing device payment platform the matching mobile wallet token to a merchant system associated with the purchase transaction, wherein the mobile wallet token is configured to be used by the merchant system for settlement of the purchase transaction.