Patent AU-2018204903-A1 (AU)
Title: Using card image to extract bank account information
Inventor: FASOLI JONATHAN DAVID
IPC: G06Q20/40
Filed: 2018-07-05
Abstract: A method to complete a sales transaction, comprising: obtaining, by a merchant mobile device of a merchant, a digital image of a financial card of a consumer, wherein the digital image captures a code and an account number displayed in a text format on the financial card, wherein the financial card further comprises a financial card number to identify a financial card account that is separate from a consumer financial account at a depository financial institution, and wherein the financial card number is separate from the code and the account number on the financial card, requesting, in response to obtaining the digital image, a payment of the sales transaction by: locating, utilizing a template of the financial card, a portion of the digital image that includes the account number and the code, extracting, by a processor of the merchant mobile device using optical character recognition of the portion of the digital image, the account number and the code, identifying the depository financial institution and the consumer financial account based on the code and the account number, respectively, wherein the consumer financial account is held at the depository financial institution and controlled by the consumer, and sending a request to the depository financial institution to transfer, via an electronic funds transfer, an amount of the payment from the consumer financial account to a merchant financial account controlled by the merchant, wherein the request includes information identifying the merchant financial account, and a bank holding the merchant financial account, as a destination of the electronic funds transfer based on a merchant profile stored in the merchant mobile device; and receiving, by the merchant mobile device, a confirmation of completing the electronic funds transfer comprises: performing electronic funds transfer over a proprietary network configured to facilitate direct communication between the depository financial institution and a bank where the merchant account is held, and selecting a proprietary network such as mobile telephone network, a television-cable network, or a public switched telephone network (PSTN), wherein the sales transaction is completed in response to the confirmation. Step 201 Obtain, by a merchant mobile device of a merchant, a digital image of a financial card of a consumer /-Step 202 Extract an account number and a code using optical character recognition of the digital image /-Step 203 Identify a depository financial institution and a consumer financial account based on the code and the account number, respectively Step 204 Send a request to the depository financial institution to transfer, via an electronic funds transfer, an amount from the consumer financial account to a merchant financial account controlled by the merchant Step 205 Receive, by the merchant mobile device, a confirmation of completing the electronic funds transfer /-Step 206 Initiate a fee payment associated with the amount by a service provider computer, where at least a portion of the identifying and sending is performed by the service provider computer : END