Patent ID: 8825545
Filing Date: 2014-09-02
Classification: G06Q

Abstract:
1. An online payment process comprising: a transaction computing system initiating a payment gateway accessible by a customer computing system responsive to a customer purchase selection received by a merchant website, the transaction computing system receiving an institution selection from the customer computing system that designates a financial institution for payment of a purchase fee defined by the merchant website and connecting the customer computing system directly to a computing system controlled by the designated financial institution via the payment gateway responsive to the institution selection, the payment gateway facilitating transfer of a security device directly from the customer computing system to a financial institution application hosted by the financial institution controlled computing system to authenticate the customer computing system, and automatically transferring payment data from the merchant website to the financial institution application, the payment gateway interfacing the customer computing system with the financial institution application and making accessible to the customer computing system an account interface provided by the financial institution application to facilitate direct customer control of the payment process, including selection of a customer controlled account from a plurality of customer controlled accounts made available to the customer computing system by the financial institution application responsive to authentication of the customer computing system via the security device, the account selection designating, for payment of the purchase fee, a customer controlled account maintained by the financial institution, the transaction computing system receiving payment confirmation from the financial institution controlled computing system following transfer of the purchase fee from the designated financial institution directly to an account specified by the merchant website in the payment data and automatically transferring the payment confirmation to the merchant website without intervention from the customer computing system.