Purchasing Method with Funding Source Selection

摘要

A process includes receiving a message containing an a priori funding source selection for a payment service used to conduct a purchase transaction that is sent via SMS from a purchaser. The process also includes receiving a request to transfer funds to the merchant on behalf of the purchaser that is sent from a device associated with a merchant. The process also includes completing the purchase transaction. The funds transferred to the merchant on behalf of the purchaser are taken from a funding source selected by the a priori funding source selection. The a priori funding source selection is stored so as to apply to all future transactions conducted by the purchaser using the payment service until the server device receives a second a priori funding source selection from the purchaser.

主权项

1. A process for conducting a purchase transaction comprising:
storing in a database, a first prioritize set of funding sources received from a purchaser; storing in said database, a second prioritized set of funding sources received from a merchant; receiving, from a point of sale terminal associated with said merchant, a message containing information that identifies said purchaser; receiving, from said point of sale terminal associated with said merchant, a message containing a transaction amount for said purchase transaction; selecting a funding source to affect said purchase transaction based on said first and said second prioritized list; and conducting a transfer of funds from said funding source to affect said purchase transaction using a server in communication with a back end payment processing system; wherein:
said first and second prioritized sets of funding sources are stored in said database prior to said step of receiving said message containing information that identifies said purchaser; andsaid server retrieves said first and second prioritized sets of funding sources from said database to select said funding source for said purchase transaction.