METHOD AND SYSTEM OF MOBILE PAYMENT Russian patent published in 2020 - IPC G06Q20/20 G06Q20/32 

Abstract RU 2735093 C2

FIELD: payment transactions.

SUBSTANCE: invention relates to a method, a system and a computer-readable medium for conducting a transaction. Disclosed is a method, in which: displaying a first code including embedded data, whether the teller terminal device supports contactless payments with a magnetic strip; reading a first code using a camera on a mobile device; extracting embedded data in a mobile device; determining whether contactless payments with a magnetic strip are supported by the device of the POS terminal; if the POS device supports contactless payments with the magnetic strip, converting identification data into a second code for display on a mobile device screen, or if not, converting identification data relating to a transaction to a third code, different from second code; displaying a second code or a third code on the screen of the mobile device; displaying a displayed second code or third code in a teller terminal device; determining identification data; and processing the transaction using said identification data relating to the transaction.

EFFECT: technical result consists in improvement of reliability of mobile telephone compatibility when performing payment transactions.

8 cl, 9 dwg

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RU 2 735 093 C2

Authors

Collinge, Mehdi

Johnson, Alan

Dates

2020-10-28Published

2017-07-20Filed