Patent ID: 8301500
Filing Date: 2012-10-30
Classification: G06Q,H04L

Abstract:
1. A computer implemented method for using a mobile telephone as a payment device, comprising: receiving, by a transaction server, a request to enroll a mobile telephone in a payment transaction system, wherein the request includes an indication of an identity of an individual enrolling the mobile telephone and the telephone number of the mobile telephone; receiving, by a transaction server, one or more account numbers from the individual, wherein each account number corresponds to a payment account previously established by the individual; generating, by a transaction server, a ghosted account name for each of the payment accounts; and transmitting, by a transaction server, each ghosted account name to a payment application executing on the mobile phone, wherein the payment application, when executed on the mobile telephone, allows the individual to initiate a payment transaction using the mobile telephone as the payment device in order to incur a charge on a selected one of the payment accounts without revealing the account number associated with the selected payment account; wherein the transaction server is located behind a firewall in a bank network; and further comprising: receiving, from the payment application on the mobile telephone, a request to initiate a payment transaction with a merchant; receiving, from the payment application on the mobile telephone, an indication of one of the ghosted account names; generating a payment code; transmitting the payment code to the payment application on the mobile telephone; receiving, from a point-of-sale system at the merchant, the payment code and a transaction amount; identifying the payment account corresponding to the ghosted account name received from the payment application on the mobile phone; initiating a charge to the identified payment account for the transaction amount; and upon determining that the charge to the payment account has been approved, transmitting, to both the mobile telephone and the point of sale system, a confirmation that the payment transaction was completed successfully.