SYSTEM FOR CREATING AND PROCESSING CODED PAYMENT METHODS

摘要

Embodiments of the invention include systems, methods, and computer-program products for a clearing house for creating and directing readable indicia to/from merchants, users, and/or vendors. As such, merchants, users, and vendors may all be able to recognize, read, and complete transactions using a created universal readable indicia, irrespective of the entities associated with the transaction. The invention may create and provide a universal readable indicia that may be read and/or scanned by any of a user, merchant, or vendor. Subsequently, upon scanning, the system may recognize the appropriate vendor associated with the scan, based on information about the user or merchant derived from the scan. As such, the invention may be able to convert the universal readable indicia to one or more indicia accepted by a vendor that may complete the transaction with the user and/or merchant.

主权项

1. A system for creating and processing a readable indicia for payment codes, the system comprising:
a memory device with computer-readable program code stored thereon; a communication device; a processing device operatively coupled to the memory device and the communication device, wherein the processing device is configured to execute the computer-readable program code and said computer-readable program code is configured to cause the processing device to:
receive, through a distributive network from a merchant, the readable indicia comprising information to complete a transaction between a user and the merchant, and information including an identity of a vendor among a plurality of vendors that created the readable indicia wherein the vendor is capable of authorizing the transaction via the merchant-scanning of the readable indicia, and wherein the merchant is incapable of reading the readable indicia from the vendor, wherein the merchant received the readable indicia from a user via a mobile device associated with the user;identify the vendor, from among the plurality of vendors, by identifying data feeds processed by the processing device from the distributive network based on the received readable indicia;create a universal readable indicia for the transaction between the user and the merchant, wherein the merchant is capable of scanning the universal readable indicia and the vendor is capable of authorizing the transaction using the universal readable indicia;provide the user, via the mobile device associated with the user, the universal readable indicia to complete the transaction between the user and the merchant, wherein the merchant scans the universal readable indicia from the mobile device;in response to the merchant scanning the universal readable indicia, create a communicable link that allows for relaying and converting communications into compatible communications for and between the vendor and the merchant, whereby allowing incompatible systems associated with the vendor and the merchant to communicate via the distributive network to complete the transaction that could not be otherwise completed based on incompatibility between a system associated with the merchant and a system associated with the vendor; andfinalize the transaction between the user and the merchant by allowing the vendor to authorize the transaction via the communicable link.