Payment System That Reduces Or Eliminates The Need To Exchange Personal Information

  • Published: Mar 10, 2016
  • Earliest Priority: Sep 05 2014
  • Family: 1
  • Cited Works: 0
  • Cited by: 1
  • Cites: 1
  • Additional Info: Full text
Abstract

A payment system that securely identifies transactions using a transaction identifier that may be set by the parties to the transaction, such that the parties may interact regarding the transaction with one another and with the payment system using that identifier rather than personal identification information. In embodiments, funds may be transferred between individuals that are anonymous to one another, or transferred with limited exchange of personal identification information. When a first individual (the “payer”) seeks to pay a second individual, the first may obtain from the second (the “payee”) an identifier for the transaction. The payer may register the transaction with the payment system, including by providing this transaction identifier. The second individual may subsequently “claim” the transaction by providing that transaction identifier to the system and thereby demonstrating that he/she is the payee of the transaction, after which the system may transfer funds to the second individual.


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Document History
  • Publication: Mar 10, 2016
  • Application: Sep 5, 2014
    US US 201414478750 A
  • Priority: Sep 5, 2014
    US US 201414478750 A

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