IP Library Patent Application 14211806
Patent Application
App. No. 14/211,806

VAULT PLATFORM METHODS, APPARATUSES AND MEDIA

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Quick Facts
Patent No.
US None
App. No.
14/211,806
Abstract

A payment token request may be obtained from a customer's smartphone. A payment token associated with the customer's account may be generated and sent to the customer's smartphone. A payment request including the payment token may be obtained from a consumer engagement device (CED). Payment information associated with the customer's account may be retrieved based on the payment token. Payment for the payment request may be authorized and a payment confirmation may be sent to the CED.

Claims (25)

1 . A processor-implemented payment collection method, comprising:

prompting via a processor a customer to provide payment information for a purchase request;

obtaining via the processor a payment token associated with the purchase request from the customer;

sending via the processor a payment request including the payment token for payment processing; and

receiving via the processor a payment confirmation based on successful authorization of payment via a payment method associated with the payment token.

2 . The method of claim 1 , wherein the payment token is one of a QR code, a PIN, a sound, an NFC token.

3 . The method of claim 1 , wherein the payment token is obtained via the customer's client.

4 . The method of claim 1 , wherein the payment token is obtained by facilitating text entry by the customer via a keyboard.

5 . The method of claim 1 , wherein the payment token is a one-time use expiring token.

6 . The method of claim 1 , wherein the payment token is restricted for use by one or more of the following conditions: at a specified merchant, at a specified location, for a specified purchase amount, for a specified item, by a specified client, by a specified mobile app, by a specified customer.

7 . The method of claim 1 , further comprising:

obtaining a plurality of payment methods associated with the payment token in response to the payment request; and

prompting the customer to select at least one of the plurality of payment methods.

8 . The method of claim 1 , further comprising authorizing a vending machine to dispense an item associated with the purchase request.

9 . A processor-implemented payment collection method, comprising:

obtaining via a processor a payment token request from a customer's client;

generating via the processor a payment token associated with the customer's account;

sending via the processor the payment token to the customer's client;

obtaining via the processor a payment request including the payment token from a consumer engagement device;

retrieving via the processor payment information associated with the customer's account based on the payment token;

authorizing via the processor payment for the payment request using the retrieved payment information; and

sending via the processor a payment confirmation to the consumer engagement device based on the authorization.

10 . The method of claim 9 , wherein the retrieved payment information is associated with a default payment method.

11 . The method of claim 9 , wherein the retrieved payment information is associated with a customer-selected payment method.

12 . The method of claim 9 , further comprising verifying that the payment token obtained with the payment request is valid.

Assignments (4)
PATENT SECURITY AGREEMENT Recorded Sep 25, 2015
From: CAYAN LLC (F/K/A MERCHANTWAREHOUSE.COM, LLC)
To: BUSINESS DEVELOPMENT CORPORATION OF AMERICA, AS AGENT
Reel/Frame 036687/0689 →
SECURITY INTEREST Recorded Sep 24, 2015
From: CAYAN LLC
To: NXT CAPITAL, LLC, AS AGENT
Reel/Frame 036642/0758 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 22, 2015
From: HELGESON, HENRY; MALKO, MARKIYAN; CASTRECHINI, MARC
To: MERCHANTWAREHOUSE.COM, LLC
Reel/Frame 036626/0400 →
CHANGE OF NAME Recorded Sep 22, 2015
From: MERCHANTWAREHOUSE.COM LLC
To: CAYAN LLC
Reel/Frame 036663/0225 →