Systems, methods, and computer program products providing push payments
In electronic financial transactions a receiver, or targeted recipient of funds, provides account information to a transmitter, or sender of funds. The transmitter initiates a push of funds from a transmitter funding source to the receiver's funding source processor. In some embodiments the receiver provides a payment card, similar to a credit card, which is read by an electronic device of the transmitter, such as a smart phone. In some embodiments, the receiver provides the account information by way of a bar code, such as a QR code, which is scanned and read by the transmitter's electronic device.
1. A system, comprising:
a non-transitory memory; and
one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising:
receiving, via a user device of a user, a request for processing a payment transaction between the user and a merchant;
in response to receiving the request, causing the user device of the user to (i) capture an image representing an identifier of a financial service provider account associated with the merchant and (ii) initiate a communication with a merchant device associated with the merchant;
obtaining, from the merchant device and based on the communication, transaction information associated with the payment transaction, wherein the transaction information comprises a device identifier of the merchant device, a transaction identification number associated with the payment transaction, and an amount associated with the payment transaction;
extracting the identifier of the financial service provider account from the image;
instructing a payment provider computer system to push funds, for the payment transaction, from a funding source of the user to the financial service provider account associated with the merchant based on the identifier and the amount; and
in response to obtaining an indication that the payment transaction has been processed from the payment provider computer system, transmitting a confirmation message to the merchant device based on the device identifier, wherein the confirmation message comprises the indication and the transaction identification number.
2. The system of claim 1 , wherein the operations further comprise:
authenticating the user of the user device for accessing the funding source based on user credentials received via the user device, wherein the user credentials include one of a password, a security code, or biometric data of the user.
3. The system of claim 1 , wherein the financial service provider account associated with the merchant is a deposit-only account.
4. The system of claim 1 , wherein the communication is conducted between the user device and the merchant device via one of a Wi-Fi connection or a Near Field Communication (NFC) connection.
5. The system of claim 1 , wherein the operations further comprise:
receiving merchant credentials for the financial service provider account; and
transmitting the merchant credentials to the payment provider computer system.
6. The system of claim 1 , wherein the image comprises a code.
7. The system of claim 1 , wherein the merchant device is a point-of-sale device associated with the merchant, and wherein the request is received from the point-of-sale device associated with the merchant.
8. A method comprising:
receiving, by one or more hardware processors and via a user device of a user, a request for processing a payment transaction between the user and a merchant;
in response to receiving the request, causing, by the one or more hardware processors, the user device of the user to (i) capture an image and (ii) initiate a communication with a merchant device associated with the merchant;
extracting, by the one or more hardware processors and from the image, an identifier of a financial service provider account associated with the merchant;
obtaining, via the user device and based on the communication, transaction information associated with the payment transaction, wherein the transaction information comprises a device identity of the merchant device, a transaction identification number associated with the payment transaction, and an amount associated with the payment transaction;
causing, by the one or more hardware processors, a payment provider computer system to push funds, for the payment transaction, from a funding source of the user to the financial service provider account of the merchant based on the identifier and the amount; and
in response to obtaining an indication that the payment transaction has been processed from the payment provider computer system, transmitting a confirmation message to the merchant device based on the device identity, wherein the confirmation message comprises the indication and the transaction identification number.
9. The method of claim 8 , further comprising:
receiving user credentials from the user device, wherein the user credentials include one of a password, a security code, biometric data of the user; and
authenticating the user of the user device for accessing the funding source based on the user credentials.
10. The method of claim 8 , wherein the financial service provider account associated with the merchant is a deposit-only account.
11. The method of claim 8 , wherein communication is conducted between the user device and the merchant device via one of a Wi-Fi connection or a Near Field Communication (NFC) connection.
12. The method of claim 8 , further comprising:
receiving merchant credentials for the financial service provider account; and
transmitting the merchant credentials to the payment provider computer system.
13. The method of claim 8 , wherein the image comprises a code.
14. The method of claim 8 , wherein the request is received from the merchant device associated with the merchant.
15. A non-transitory machine-readable medium having stored thereon machine-readable instructions executable to cause a machine to perform operations comprising:
receiving, via a user device of a user, a request for processing a payment transaction between the user and a merchant;
in response to receiving the request, causing the user device of the user to (i) capture an image representing an identifier of a financial service provider account associated with the merchant and (ii) initiate a communication with a merchant device associated with the merchant;
obtaining, via the user device and based on the communication, transaction information associated with the payment transaction;
instructing a payment provider computer system to push funds for the payment transaction from a funding source of the user to the financial service provider account based on the identifier and an amount associated with the payment transaction; and
in response to obtaining an indication that the payment transaction has been processed from the payment provider computer system, transmitting a confirmation message to the merchant device based on a device identifier of the merchant device, wherein the confirmation message comprises the indication and a transaction identification number associated with the payment transaction.
16. The non-transitory machine-readable medium of claim 15 , wherein the operations further comprise:
authenticating the user of the user device for accessing the funding source based on user credentials received via the user device, wherein the user credentials include one of a password, a security code, or biometric data of the user.
17. The non-transitory machine-readable medium of claim 15 , wherein the financial service provider account associated with the merchant is a deposit-only account.
18. The non-transitory machine-readable medium of claim 15 , wherein the communication is conducted between the user device and the merchant device via one of a Wi-Fi connection or a Near Field Communication (NFC) connection.
19. The non-transitory machine-readable medium of claim 15 , wherein the operations further comprise:
receiving merchant credentials for the financial service provider account; and
transmitting the merchant credentials to the payment provider computer system.
20. The non-transitory machine-readable medium of claim 19 , wherein the image comprises a two-dimensional code.