SYSTEMS, METHODS, AND COMPUTER PROGRAM PRODUCTS PROVIDING PAYMENT IN COOPERATION WITH EMV CARD READERS
An electronic payment system provided by a mobile communication device, the system including a memory storing instructions for interacting with a EMV card reader to cause payment from an issuing bank associated with a cardholder to an acquiring bank of a merchant associated with the electronic payment processing system; and one or more processors in communication with the memory configured to: initiate a transaction by passing transaction information, including a transaction amount, to the EMV card reader; receive encrypted payment authorization from the EMV card reader to process a payment from the issuing bank to the acquiring bank, wherein the one or more processors are in communication with the EMV card reader; pass the encrypted payment authorization to the acquiring bank over a data connection; and receive a confirmation of payment from the acquiring bank over the data connection.
1 . An electronic payment system provided by a mobile communication device, the system comprising:
a memory storing instructions for interacting with a EMV card reader to cause payment from an issuing bank associated with a cardholder to an acquiring bank of a merchant associated with the electronic payment processing system; and
one or more processors in communication with the memory configured to:
initiate a transaction by passing transaction information, including a transaction amount, to the EMV card reader;
receive encrypted payment authorization from the EMV card reader to process a payment from the issuing bank to the acquiring bank, wherein the one or more processors are in communication with the EMV card reader;
pass the encrypted payment authorization to the acquiring bank over a data connection; and
receive a confirmation of payment from the acquiring bank over the data connection.
2 . The system of claim 1 , wherein passing the encrypted payment authorization comprises:
send the encrypted payment authorization to a payment services provider, which further sends the encrypted payment authorization to the acquiring bank.
3 . The system of claim 1 comprising a smartphone or tablet computer running an application to facilitate the transaction.
4 . The system of claim 1 , wherein the information regarding the transaction comprises:
a transaction amount and an identification of a merchant associated with the mobile communication device.
5 . The system of claim 1 , wherein the one or more processors are further configured to:
prompt a human user to insert an EMV card into the EMV card reader;
display an amount to be paid and requesting PIN entry (or other form of user authentication) by the human user;
record transaction information including the transaction amount, a currency, and a date of the transaction.
6 . The system of claim 1 , wherein the one or more processors are further configured to:
send an electronic receipt to the cardholder in response to the confirmation.
7 . An electronic payment system comprising:
means for initiating a transaction by passing transaction information, including a transaction amount, to a EMV card reader from a mobile communication device;
means for receiving encrypted payment authorization from the EMV card reader to process a payment from an issuing bank to an acquiring bank;
means for passing the encrypted payment authorization from the mobile communication device to the acquiring bank over a wireless data connection; and
means for receiving a confirmation of payment from the acquiring bank over the wireless data connection.
8 . The system of claim 7 , wherein the means for passing the encrypted payment authorization comprises:
means for sending the encrypted payment authorization to a payment services provider, which send the encrypted payment authorization to the acquiring bank.
9 . The system of claim 7 comprising a smartphone or tablet computer running an application to facilitate the transaction.
10 . The system of claim 7 , wherein the information regarding the transaction comprises:
a transaction amount and an identification of a merchant associated with the mobile communication device.
11 . The system of claim 7 , further comprising:
means for wirelessly coupling the system to the EMV card reader using a short-range protocol different than the wireless data connection.
12 . The system of claim 7 , further comprising:
means for displaying messages to the user during the transaction.
13 . A method comprising:
sending, from a mobile communication device to a EMV card reader, information regarding a transaction in which a cardholder pays for a good or service;
receiving, by the mobile communication device from the EMV card reader, a first message generated by a processor in a card of the cardholder and authorizing payment for the transaction; sending the first message to an acquiring bank using a data connection of the mobile communication device; and
receiving a confirmation at the mobile device from the acquiring bank that payment is scheduled for the transaction.
14 . The method of claim 13 , further comprising:
adding a layer of encryption to the first message to generate a second message, the layer of encryption being decryptable by a payment service provider that further sends the first message to the acquiring bank.
15 . The method of claim 13 , wherein the information regarding the transaction comprises:
a transaction amount and an identification of a merchant associated with the mobile communication device.
16 . The method of claim 13 , wherein the first message is encrypted by the private key and processor in the card.
17 . The method of claim 13 , wherein the method is performed by an application running on the mobile communication device.
18 . The method of claim 13 , further comprising:
receiving the information regarding the transaction at the EMV card reader;
receiving cardholder authenticating data at the EMV card reader and using the cardholder authenticating data to access a payment capability of the processor in the card; and
generating the first message, by the processor in the card, to authorize payment for an amount of the transaction and to a merchant indicated in the information regarding the transaction.
19 . The method of claim 18 , wherein generating the first message includes encrypting the first message using a key kept by the processor in the card.
20 . The method of claim 13 , further comprising:
wirelessly coupling the mobile communication device to the EMV card reader using a short-range protocol different than the data connection.