Patent ID: 8566168

Claim:
A near field communication payment method using a proxy account number, comprising: transmitting the proxy account number from a secure element of a mobile phone to a point-of-sale terminal using a near field communication radio link, wherein the proxy account number is associated with a plurality of payment account numbers; transmitting via a network, the proxy account number from the point-of-sale terminal to a payment mediation server; transmitting via the network, the proxy account number from the payment mediation server to a proxy account manager; determining, by the proxy account manager, a selected payment account number based in part on retrieving the plurality of payment account numbers from a proxy account number data store using the proxy account number and based on at least one of a message from the mobile phone specifying the selected payment account number and one or more rules of a plurality of pre-defined rules; transmitting via the network, by the proxy account manager, the selected payment account number to the payment mediation server; requesting, by the payment mediation server, an approval and subsequently receiving the approval of the payment transaction from a financial institution associated with the selected payment account number; and completing, by the payment mediation server, a payment transaction with the point-of-sale terminal using the selected payment account number in response to receiving the approval.