Consumer / Merchant payment processing system and methods of system use and operation

摘要

A method for a customer to establish a system account on my Payment Processing System website for executing merchant payment transactions; the customer visiting the website; the customer purchasing system service and receiving a code number and a personal identification number and receiving an email from customer service and the customer transferring funds from a bank account or a credit card account into the customer account by purchasing a corresponding number of website currency units; and the website storing and indicating the amount of website units in stored values. The method includes the additional steps for a new merchant to register to use the website; the website processing all data received from the merchant and confirming; and designating the merchant as a website registered merchant and the website operator integrate the merchant contents database into the present Payment Processing System merchant database. The method further includes the steps to execute a transaction with a registered merchant, including: the registered merchant accessing the customer account; the merchant entering an identification of an item and a service or contents to be purchased and the amount of the purchase; the customer pressing the system icon; the customer entering his or her code; the customer entering his or her personal PIN; the website verifying entered merchant information and customer code and PIN data and one of: approving and completing the transaction, and denying and canceling the transaction; and where the transaction is approved the website generating a confirmation code.

主权项

1. A method of making a payment utilizing a computer implemented Payment Processing System connected to the internet integrated with merchant and customer human interaction, comprising the steps of:
providing a system website; providing at the merchant location a merchant pin pad connected to the system website through the internet; a merchant visiting the system website and registering to use the system to become a registered merchant and receiving a merchant password; a customer visiting the system website and registering to use the system to become a registered customer and receiving a customer code number and a personal identification number; the customer entering the customer code number and personal identification number on the merchant pin pad and thereby accessing a customer account of stored values in website currency units for purchasing one of an item and a service from a merchant; the customer creating a system customer account of stored values in website currency units on the system website, and funding the system customer account by transferring funds from one of a customer bank account and a customer credit card account into the system customer account by purchasing a number of website currency units, and the website storing and indicating the number of website currency units in the system customer account of stored values; the customer physically visiting the merchant location and selecting one of an item and a service to purchase having a stated amount of purchase in website currency units; the merchant entering on the system website the merchant password and an identification of the one of an item and a service to be purchased, and the amount of the purchase; the customer pressing the system icon; the customer entering his or her customer code; the customer entering his or her personal identification number, into the merchant dedicated pin pad connected to the system website through the internet such that the customer has no need to give or share personal and confidential information with a merchant; and the website verifying the entered merchant information and the customer code and personal identification number, while the consumers physically at the brick and mortar and or in-store, paying at a merchant using the internet and one of: approving and completing the transaction, and denying and canceling the transaction.