US 2016/0283933 A1 - Systems And Methods For Providing An Internet Of Things Payment Platform (iotpp) - The Lens

Systems And Methods For Providing An Internet Of Things Payment Platform (iotpp)

Published: Sep 29, 2016
Earliest Priority: Mar 25 2015
Family: 2
Cited Works: 0
Cited by: 0
Cites: 0
Additional Info: Full text

Abstract

Systems and methods are provided for processing electronic payment from a portable device that is associated with a user to a payment network via a merchant device and a gateway. The gateway can be notified when the user is in a merchant's premises. For example, the gateway can receive a token associated with the user's portable device and then use this token to retrieve the user's profile. The gateway can also receive a payment request initiated by the user, and in response, authenticate the user based on the user's profile, process the payment request, and notify the merchant if the payment is approved. During the payment process, the user advantageously does not need to share his or her personal or financial information at the point of sale in the merchant's premises.

Claims

A method for electronic payment from a portable device that is associated with a user to a payment network via a merchant device and a gateway, comprising:
receiving, at the gateway from the merchant device, a first message that comprises information indicating that the portable device that is associated with the user is within a predefined distance from the merchant device, a token received from the portable device, and location information of the merchant device;

retrieving, at the gateway, a profile of the user based on the token received from the portable device, wherein the user's profile comprises a picture of the user;

sending, at the gateway to the merchant device, a second message that comprises information indicating that the user is within the predefined distance from the merchant device, and the picture of the user for authentication;

receiving, at the gateway from the merchant device, a payment request that is associated with the user;

determining, at the gateway, if an identity of the user can be authenticated based on the user's profile and at least one of the location information or the payment request; and

when the user's identity can be authenticated:
determining, at the gateway, a payment form for the payment request that is determined based on the user's profile and the payment request,

sending, at the gateway to the payment network, the payment form,

receiving, at the gateway from the payment network, a payment authorization, and

sending, at the gateway to the merchant device, the payment authorization.
The method of claim 1, further comprising updating, at the gateway, the user's profile based on the location information and the payment request.
The method of claim 1, wherein when the user's identity cannot be authenticated, further comprising requesting, at the gateway to the merchant device, additional information regarding the user.
The method of claim 1, wherein the token comprises at least one of a one of a media access control (MAC) address, an internet protocol (IP) address, or a Bluetooth Low Energy (BLE) profile.
The method of claim 1, wherein the user's profile comprises at least one of a one of a payment preference, transaction history, location history, social media activity, merchant history, or a purchase behavior.
The method of claim 1, wherein the user's profile comprises at least one of fitness data or biometric data.
An apparatus for facilitating electronic payment from a portable device that is associated with a user to a payment network via a merchant device, the apparatus comprising:
a memory that stores a module; and

a processor configured to run the module stored in the memory that is configured to cause the processor to:
receive, from the merchant device, a first message that comprises information indicating that the portable device that is associated with the user is within a predefined distance from the merchant device, a token received from the portable device, and location information of the merchant device,

retrieve a profile of the user based on the token received from the portable device, wherein the user's profile comprises a picture of the user,

send, to the merchant device, a second message that comprises information indicating that the user is within the predefined distance from the merchant device, and the picture of the user for authentication,

receive, from the merchant device, a payment request that is associated with the user,

determine if an identity of the user can be authenticated based on the user's profile and at least one of the location information or the payment request, and

when the user's identity can be authenticated:
determine a payment form for the payment request that is determined based on the user's profile and the payment request,

send, to the payment network, the payment form,

receive, from the payment network, a payment authorization, and

send, to the merchant device, the payment authorization.
The apparatus of claim 7, wherein the module is further configured to update the user's profile based on the location information and the payment request.
The apparatus of claim 7, wherein when the user's identity cannot be authenticated, the module is further configured to request, to the merchant device, additional information regarding the user.
The apparatus of claim 7, wherein the token comprises at least one of a one of a media access control (MAC) address, an internet protocol (IP) address, or a Bluetooth Low Energy (BLE) profile.
The apparatus of claim 7, wherein the user's profile comprises at least one of a one of a payment preference, transaction history, location history, social media activity, merchant history, or a purchase behavior.
The apparatus of claim 7, wherein the user's profile comprises at least one of fitness data or biometric data.
The apparatus of claim 7, wherein the merchant device comprises:
a proximity detection device configured to detect that the portable device is within the predefined distance from the proximity detection device; and

a point of sale terminal configured to receive the payment request that is associated with the user,

wherein the proximity detection device and the point of sale terminal are separate devices.
The apparatus of claim 7, wherein the merchant device comprises:
a proximity detection device configured to detect that the portable device is within the predefined distance from the proximity detection device; and

a point of sale terminal configured to receive the payment request that is associated with the user,

wherein the proximity detection device and the point of sale terminal are integrated into a single device.
The apparatus of claim 7, wherein the portable device is a wearable device.
A non-transitory computer readable medium having executable instructions operable to cause an apparatus to:
receive, from a merchant device, a first message that comprises information indicating that a portable device that is associated with a user is within a predefined distance from the merchant device, a token received from the portable device, and location information of the merchant device;

retrieve a profile of the user based on the token received from the portable device, wherein the user's profile comprises a picture of the user;

send, to the merchant device, a second message that comprises information indicating that the user is within the predefined distance from the merchant device, and the picture of the user for authentication;

receive, from the merchant device, a payment request that is associated with the user;

determine if an identity of the user can be authenticated based on the user's profile and at least one of the location information or the payment request; and

when the user's identity can be authenticated:
determine a payment form for the payment request that is determined based on the user's profile and the payment request,

send, to a payment network, the payment form,

receive, from the payment network, a payment authorization, and

send, to the merchant device, the payment authorization.
The non-transitory computer readable medium of claim 16, wherein the executable instructions are further configured to update the user's profile based on the location information and the payment request.
The non-transitory computer readable medium of claim 16, wherein when the user's identity cannot be authenticated, the executable instructions are further configured to request, to the merchant device, additional information regarding the user.
The non-transitory computer readable medium of claim 16, wherein the user's profile comprises at least one of a payment preference, transaction history, location history, social media activity, merchant history, or a purchase behavior.
The non-transitory computer readable medium of claim 16, wherein the user's profile comprises at least one of fitness data or biometric data.