Patent ID: 8682792

Claim:
A computer implemented system for processing payments for goods or services, the system comprising: a payment processor configured to receive a payment request for goods or services from a merchant, wherein the payment request includes a mobile phone number associated with a mobile phone account of a user; the payment processor based on the payment request is configured to send a payment authorization request to a mobile operator servicing the mobile phone account of the user; the mobile operator based on the payment authorization request is configured to send over a mobile network of the mobile operator a payment authorization request text message to a mobile phone of the user connected to the mobile network of the mobile operator requesting authorization for payment of the payment request; the mobile phone of the user based on payment authorization request text message is configured to send over the mobile network of the mobile operator a payment authorization text message including a personal identification number of the user associated with the mobile phone number of the user to the mobile phone operator for authorization of payment of the payment request; the mobile operator is configured to receive the payment authorization text message including the personal identification number of the user over the mobile network of the mobile operator for verification; the payment processor is configured to receive a payment authorization from the mobile phone operator based on the payment authorization text message for authorizing or not authorizing the payment of the payment request; if the payment authorization from the mobile phone operator authorizes the payment of the payment request, the payment processor is configured to pay the merchant for the goods or services from an account of the mobile phone operator, wherein the mobile phone operator charges the mobile phone account of the user for the payment; and if the payment authorization from the mobile phone operator does not authorize the payment of the payment request or if the payment authorization text message is not received by the mobile operator over the mobile network of the mobile operator within a predetermined period of time, the payment processor is configured to decline to pay the merchant for the goods or services, and wherein no financial information of the user nor the personal identification number of the user are sent to the payment processor.