SECURE REAL-TIME PAYMENT TRANSACTIONS

摘要

A method can include receiving, at a first financial institution from a mobile device of a consumer, a first request to pay a merchant for a payment amount from a first account of the consumer maintained by the first financial institution. The method also can include determining, at the first financial institution, second information including an account identifier of a second account of the merchant maintained by a second financial institution, at least partially based on the merchant identifier and third information obtained from a first system. The method additionally can include authorizing, at the first financial institution, a payment from the first account to the second account. The method further can include sending, from the first financial institution to the first system, payment information regarding a deposit to be made in the second account from the first account. Other embodiments are provided.

主权项

1. A system comprising:
one or more processing modules; and one or more non-transitory memory storage modules storing computing instructions configured to run on the one or more processing modules and perform acts of:
receiving, at a first financial institution from a mobile device of a consumer, a first request to pay a merchant for a payment amount from a first account of the consumer maintained by the first financial institution, the first request comprising first information comprising a merchant identifier, a transaction identifier, and the payment amount, the first information being sent to the first financial institution from a mobile application running on a mobile device used by the consumer at a store of the merchant to pay for one or more items to be purchased from the merchant by the consumer for the payment amount, the merchant identifier being associated with the merchant, and the mobile application being associated with the first account;determining, at the first financial institution, second information comprising an account identifier of a second account of the merchant maintained by a second financial institution, at least partially based on the merchant identifier and third information obtained from a first system, the first system being in data communication with the first financial institution and the second financial institution, and the first system being maintained by an entity that is different from the first financial institution and the second financial institution;authorizing, at the first financial institution, a payment from the first account to the second account; andsending, from the first financial institution to the first system, payment information regarding a deposit to be made in the second account from the first account, the payment information being routed through the first system to the second financial institution such that the second financial institution, upon receiving the payment information, notifies the merchant to satisfy an expectation of the merchant for payment from the consumer, and the payment information comprising the transaction identifier, the account identifier of the second account, and the payment amount.