Patent ID: 8498908
Filing Date: 2013-07-30
Classification: G06Q

Abstract:
1. A system for facilitating financial transactions over a network, the system comprising: a communication component of a payment provider communicating with a user via a client device over the network and a merchant via a merchant device over a network; a hardware processing component of the payment provider comprising a computer processor receiving an image that represents an invoice corresponding to an invoice bill, determining a payment method for the invoice bill, and notifying the merchant that the financial transaction is complete, wherein the payment provider is a separate entity from the merchant and the user and provides online payment services for the user, and a storage component storing a plurality of accounts including a user account related to the user and a merchant account related to the merchant, wherein the user account includes user information related to the user and the merchant account includes merchant information related to the merchant, and wherein at least some of the user information and merchant information are passed with the purchase request; wherein the hardware processing component verifies the user information including accessing the user account based on the user information passed with the purchase request, and verifies the merchant information including accessing the merchant account based on the merchant information passed with the image or the purchase request; wherein the payment provider generates the image after the merchant generates the invoice bill for the selected list of the at least one item and processes the financial transaction when the user drags-and-drops the image to a service icon installed on or in the user device, and wherein the payment provider automatically transmits an invoice identifier identifying the invoice bill along with a user identifier identifying the user and a merchant identifier identifying the merchant to the processing component for automatic processing of the financial transaction without the user having to provide user account information with the payment provider directly to the merchant.