Systems And Methods For Controlling Payment And Information Flows In Payment-By Card Networks
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United States of America Patent
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Issued Date -
Nov 18, 2010
app pub date -
Mar 5, 2008
filing date -
Mar 5, 2007
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system and method for processing payment transactions made in the commerce using diverse payment device types. A centralized transaction processing platform is integrated with a standard payment-by-card industry network to process transactions made using different payment device types in the same manner as a conventional credit or debit card transaction. A single platform can provide a range of secure, flexible physical and virtual world payment solutions for all devices types including physical and virtual cards, RFID, mobile, etc.
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